Gold appears to have fallen by about 16% to 18% from early May 2026 to early/mid June 2026 in the U.S., based on market reports showing spot gold around $4,687 on May 12 and about $4,166 by June 9, with other reports noting drops to roughly $4,315 and below $4,300 in early June.

What that means

  • From $4,687 to $4,166 , the drop is about $521 per ounce , or roughly 11%.
  • Using the broader early-May-to-early-June range reported in other market updates, the decline is closer to 16%–18%.
  • The move was tied to stronger U.S. inflation and jobs data, which pushed rate-cut expectations lower and pressured gold prices.

Simple answer

If you want the short version: gold has gone down by roughly one-sixth since early May 2026.

Why the price moved

  • Higher U.S. Treasury yields made gold less attractive.
  • Stronger jobs data raised expectations for tighter Fed policy.
  • Market reports also mention inflation pressure and geopolitical risk, but the rate outlook was the bigger driver in the decline.
Reference point Gold price Approx. change
Early May 2026 $4,687/oz —
Early June 2026 $4,166/oz -11%
Early June 2026 broader market low $4,315 to below $4,300/oz about -16% to -18% from the January high, depending on the reference point