Gold Poised to End Week Little Changed

2026-07-10 00:04 By Jam Kaimo Samonte 1 min. read

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.



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