Gold edged lower to $4,100 an ounce on Friday, ending the week down about 1.5%, as rising crude oil prices and escalating US-Iran tensions raised concerns that the Federal Reserve may maintain tight monetary policy for longer. Oil surged 5% this week after renewed strikes between US and Iranian forces, heightening inflation fears and prompting markets to price in a near 60% chance of a September Fed rate hike. Investors will closely watch US inflation data due next week and Fed Chair Kevin Warsh’s testimony for further policy cues. Minutes from the Fed’s June meeting revealed growing inflation concerns, with some policymakers having favored a rate hike before rates were left unchanged. Meanwhile, gold faced a wide discount in India this week due to price volatility, while demand in China remained steady. China’s central bank reported its largest monthly increase in gold reserves in over 2-1/2 years in June.

Gold fell to 4,121.05 USD/t.oz on July 10, 2026, down 0.06% from the previous day. Over the past month, Gold's price has fallen 2.18%, but it is still 22.77% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Gold reached an all time high of 5608.35 in January of 2026. Gold - data, forecasts, historical chart - was last updated on July 11 of 2026.

Gold fell to 4,121.05 USD/t.oz on July 10, 2026, down 0.06% from the previous day. Over the past month, Gold's price has fallen 2.18%, but it is still 22.77% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold is expected to trade at 4203.76 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4501.01 in 12 months time.



Price Day Month Year Date
Gold 4,121.05 -2.67 -0.06% -2.18% 22.77% Jul/10
Silver 59.85 -0.099 -0.17% -11.12% 55.70% Jul/10
Copper 6.23 0.0185 0.30% -0.41% 12.58% Jul/10
Steel 3,069.00 -10.00 -0.32% -2.01% -0.55% Jul/10
Lithium 155,000.00 -3500 -2.21% -6.91% 143.14% Jul/10
Platinum 1,629.00 -1.10 -0.07% -2.20% 12.00% Jul/10
Iron Ore 98.72 0.15 0.15% -2.83% 2.08% Jul/10



Related Last Previous Unit Reference
United States Gold Reserves 8133.46 8133.46 Tonnes Mar 2026
Russia Gold Reserves 2304.75 2326.52 Tonnes Mar 2026
Italy Gold Reserves 2451.84 2451.87 Tonnes Mar 2026
India Gold Reserves 880.52 880.18 Tonnes Mar 2026
Germany Gold Reserves 3350.25 3350.25 Tonnes Mar 2026
France Gold Reserves 2437.00 2437.00 Tonnes Mar 2026
China Gold Reserves 2313.46 2306.30 Tonnes Mar 2026
United States Inflation Rate 4.20 3.80 percent May 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jun 2026

Gold
Gold is one of the most widely followed precious metals and is often regarded as a safe-haven asset during periods of economic uncertainty, inflation, and geopolitical risk. It plays a dual role as both an investment and a consumer good, with demand driven by financial markets, jewelry consumption, and industrial use. Gold is primarily traded on the over-the-counter London market, as well as on major exchanges such as the COMEX and the Shanghai Gold Exchange (SGE). Standard futures contracts typically represent 100 troy ounces. Globally, gold demand is led by jewelry consumption, followed by investment demand and a smaller share from industrial applications. On the supply side, China, Australia, the United States, South Africa, Russia, Peru, and Indonesia are among the largest producers. Major consumers of gold jewelry include India, China, the United States, Turkey, Saudi Arabia, Russia, and the United Arab Emirates. Gold prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
4121.05 4123.72 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Dips as Oil Surge Fuels Fed Tightening Fears
Gold edged lower to $4,100 an ounce on Friday, ending the week down about 1.5%, as rising crude oil prices and escalating US-Iran tensions raised concerns that the Federal Reserve may maintain tight monetary policy for longer. Oil surged 5% this week after renewed strikes between US and Iranian forces, heightening inflation fears and prompting markets to price in a near 60% chance of a September Fed rate hike. Investors will closely watch US inflation data due next week and Fed Chair Kevin Warsh’s testimony for further policy cues. Minutes from the Fed’s June meeting revealed growing inflation concerns, with some policymakers having favored a rate hike before rates were left unchanged. Meanwhile, gold faced a wide discount in India this week due to price volatility, while demand in China remained steady. China’s central bank reported its largest monthly increase in gold reserves in over 2-1/2 years in June.
2026-07-10
Gold Poised to End Week Little Changed
Gold steadied above $4,100 an ounce on Friday and was on track to finish the volatile week little changed, as investors continued to assess developments in the Middle East and their potential impact on inflation and monetary policy. Reports indicated that the US and Iran will continue peace talks despite a recent escalation in hostilities that disrupted energy flows through the Strait of Hormuz and renewed concerns over inflation. US forces carried out strikes on targets in Iran over two days in response to recent attacks on vessels in Hormuz, prompting retaliatory strikes by Tehran on US bases across the region. Markets continue to expect the Federal Reserve to raise interest rates at least once this year, although the policy outlook remains highly uncertain. Meanwhile, New York Fed President John Williams said that, among the factors driving inflation in the US, he is most focused on demand fueled by artificial intelligence.
2026-07-10
Gold Rebounds Above $4,100 as Dollar Softens
Gold climbed above $4,100 an ounce on Thursday, supported by a softer US dollar, though gains were capped as investors remained focused on escalating tensions in the Middle East and their implications for inflation and monetary policy. The US military said it carried out fresh strikes on Iran on Wednesday, prompting retaliatory attacks on Kuwait and Bahrain and heightening regional tensions. However, US President Donald Trump said Iran had reached out seeking a deal, tempering fears of a broader escalation. Meanwhile, minutes from the Federal Reserve's latest meeting showed growing concern over inflation, with several policymakers seeing a case for a rate hike before rates were ultimately left unchanged last month. Markets are now pricing in a 63% chance of a September rate hike. Separately, HSBC lowered its average gold price forecast to $4,560 for 2026 from $4,864, and to $4,925 for 2027 from $5,000.
2026-07-09