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Gold prices are heading for their worst quarterly performance in 13 years.

New York, June 30 (QNA) - Gold prices rose today, but they are heading for their worst quarterly performance in 13 years as inflation concerns stemming from the Middle East war increase expectations that the Federal Reserve (the U.S. central bank) will raise interest rates.

Spot gold rose 0.3% to $4,027.03 per ounce after earlier in the session touching its lowest level since November 2025.

U.S. gold futures remained largely steady at settlement, staying at $4,038.50 per ounce.

The precious metal is on track to record its first quarterly loss since 2024 and the largest quarterly decline since the second quarter of 2013.

Among other precious metals, spot silver rose 1.9% to $59.2 per ounce, but it is heading for its worst quarterly performance since the first quarter of 2020.

Platinum fell 1.6% to $1,549.47, and palladium dropped 0.6% to $1,206.17.

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