IAUM is trading 3.2% lower in pre-market on June 24, 2026, as rising bond yields and anticipation of upcoming PCE inflation data pressure gold prices.
- The decline extends a multi-day pullback from mid-June highs, reflecting reduced demand for defensive assets as market focus shifts to macroeconomic data.
- Higher bond yields are curbing the appeal of non-yielding bullion, even as broader equity futures show modest gains.
- Investors are increasingly cautious ahead of the PCE inflation report, which is expected to provide further clarity on the interest rate outlook.