Gold fell below $4,100 per ounce on Thursday, easing from a two-week high, as escalating Middle East tensions pushed oil prices higher. Iran-backed Houthi militants claimed attacks on two Saudi oil tankers in the Red Sea, raising risks of broader energy supply disruptions, while President Trump warned of strikes on Iranian infrastructure if shipping through the Strait of Hormuz is targeted. The developments pushed crude prices to fresh six-week highs, keeping inflation pressures elevated and reinforcing expectations that interest rates could stay higher for longer. Investors now looked ahead to next week’s Federal Reserve meeting, where policymakers are expected to keep rates unchanged. Still, markets continue to price in the possibility of a rate hike later this year, with traders assigning a 61% probability of an increase in September. Elsewhere, the ECB is widely expected to hold rates steady but keep the door open to a potential September hike.

Gold fell to 4,090.58 USD/t.oz on July 23, 2026, down 0.97% from the previous day. Over the past month, Gold's price has risen 2.27%, and is up 21.44% compared to the same time last year, 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 23 of 2026.

Gold fell to 4,090.58 USD/t.oz on July 23, 2026, down 0.97% from the previous day. Over the past month, Gold's price has risen 2.27%, and is up 21.44% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold is expected to trade at 4090.93 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 4389.32 in 12 months time.



Price Day Month Year Date
Gold 4,091.33 -39.26 -0.95% 2.29% 21.46% Jul/23
Silver 58.87 -0.847 -1.42% 2.63% 50.75% Jul/23
Copper 6.41 -0.0382 -0.59% 7.81% 11.01% Jul/23
Steel 3,072.00 -5.00 -0.16% -0.32% -5.71% Jul/23
Lithium 146,500.00 3500 2.45% -6.98% 107.65% Jul/23
Platinum 1,637.90 -15.40 -0.93% 2.49% 14.97% Jul/23
Iron Ore 98.38 -0.27 -0.27% -2.14% 0.11% Jul/22



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 3.50 4.20 percent Jun 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
4090.58 4130.59 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Falls From 2-Week High
Gold fell below $4,100 per ounce on Thursday, easing from a two-week high, as escalating Middle East tensions pushed oil prices higher. Iran-backed Houthi militants claimed attacks on two Saudi oil tankers in the Red Sea, raising risks of broader energy supply disruptions, while President Trump warned of strikes on Iranian infrastructure if shipping through the Strait of Hormuz is targeted. The developments pushed crude prices to fresh six-week highs, keeping inflation pressures elevated and reinforcing expectations that interest rates could stay higher for longer. Investors now looked ahead to next week’s Federal Reserve meeting, where policymakers are expected to keep rates unchanged. Still, markets continue to price in the possibility of a rate hike later this year, with traders assigning a 61% probability of an increase in September. Elsewhere, the ECB is widely expected to hold rates steady but keep the door open to a potential September hike.
2026-07-23
Gold Rises to Two-Week High
Gold climbed to $4,150 an ounce on Wednesday, touching its highest level since July 7, supported by safe-haven demand and technical buying as investors monitored escalating Middle East tensions and awaited next week's Federal Reserve meeting for clues on the US interest rate outlook. Geopolitical risks intensified after President Donald Trump warned of further strikes on Iran and pledged retaliation if Iran-backed Houthi rebels disrupt shipping through the Red Sea. Meanwhile, Secretary of State Marco Rubio said the US remains open to a deal with Iran but questioned whether Tehran is willing to reach acceptable terms. Still, gold remained below the record highs reached in January, as elevated oil prices have fueled inflation concerns and strengthened expectations that interest rates will stay higher for longer. Markets continue to price in two 25-basis-point rate hikes by March 2027, with a 70% chance of the first increase coming as early as September.
2026-07-22
Gold Extends Gains Despite Rising Oil Prices
Gold climbed above $4,100 an ounce on Wednesday, extending gains from the previous session as investors continued to monitor Middle East uncertainties and rising oil prices and their impact on inflation and interest rates. President Donald Trump downplayed the chances of near-term talks with Iran and warned of additional strikes, lifting oil prices. Iran-backed Houthi rebels in Yemen also disrupted shipping through the Red Sea, while a series of attacks on the Caspian Pipeline Consortium terminal along Russia’s Black Sea coast added to supply concerns. Meanwhile, ADP data showed US private employers added an average of 16,500 jobs per week over the four weeks ending July 4, down from an average weekly gain of 19,250 in the prior four-week period, marking a fourth straight slowdown in hiring. Markets widely expect the Federal Reserve to leave interest rates unchanged at next week’s meeting, while pricing in more than a 55% chance of a rate hike in September.
2026-07-22