Gold: Higher yields and stronger Dollar weigh – Deutsche Bank

Deutsche Bank notes that the hawkish Fed repricing and stronger Dollar pressured Gold prices. The bank points out that risk assets sold off after the FOMC, with Gold declining alongside Bitcoin as 2‑year Treasury yields surged. Subsequent relief from the US‑Iran MoU did not fully offset the earlier move, leaving Gold modestly lower in the latest data.

Hawkish Fed backdrop pressures Gold

"The rates repricing also weighed on assets such as gold (-1.71%) and Bitcoin (-2.15%). On the other hand, the dollar (+0.55%) gained against all G10 currencies."

"(Gold^ @ 4323 // -0.34%)"

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Jun 18, 2026

Euro trims gains against the British Pound after UK jobs data, BoE rate decision looms

The EUR/GBP cross pares gains near 0.8650 during the early European trading hours on Thursday. The British Pound (GBP) trades flat against the Euro (EUR) following the UK employment report. All eyes will be on the Bank of England (BoE) interest rate decision later on Thursday.

United States Dollar Index: Hawkish Fed repricing supports gains – Deutsche Bank

Deutsche Bank’s Early Morning Reid team notes that Kevin Warsh’s hawkish debut as Fed Chair and a more aggressive dot plot pushed markets to fully price a Fed hike by October.