Gold steadied after escalating US-Iran clashes over the weekend were followed by reports of mediation efforts. The precious metal climbed above $4,100 as Middle East tensions underpinned prices, though it later held above $4,000 despite continued violence.
Prices first dropped to around $3,960 before rallying to $4,041. Gold is now trading in the $4,014 area. With increased tensions pushing oil higher, gold faces some pressure. The metal is currently moving in a sideways structure around $4,009–$4,012.
The latest gold price is around $4,011.73 per ounce, down 0.13% on the day, down 4.29% over the past month, but still 18.03% higher than a year ago. Gold nears a two-week high as the Fed outlook and Middle East conflict stay in focus.
Reports indicate the US has completed 10 consecutive nights of strikes against Iran, though some sources say 11 or 12. US President Donald Trump warned that attacks will intensify if Iran attempts to rebuild its nuclear infrastructure. Iran continues targeting US military assets across the Gulf while attacks on shipping through the Strait of Hormuz persist.
The Houthis have announced a naval blockade against Saudi Arabia. Brent crude remains near multi-week highs. Markets are pricing roughly an 88% probability of at least one Fed rate hike before year-end, though estimates vary from 83% to over 90%.
Gold showed a slight bullish signal, rebounding from around $4,000 during yesterday’s US session as US-Iran tensions showed signs of cooling down, with mediators proposing a 10-day ceasefire to revive the deal. Consecutive US military strikes combined with statements from Tehran that the previous ceasefire agreement has virtually collapsed.
Gold rises above $4,000 as traders track Middle East tensions and Fed rate outlook. US Secretary of State Marco Rubio publicly stated that Washington remains open to diplomatic negotiations with Tehran. The White House confirmed airstrikes for the 10th consecutive night on Iranian territory, while Tehran retaliated instantly, targeting US bases throughout the Gulf.
The Houthi group in Yemen officially announced a naval blockade on ships heading to Saudi Arabia. The dual closure of the Strait of Hormuz and the Red Sea has kept crude oil prices firmly at a standstill. Based on CME Group FedWatch data, institutional traders are now locking in an 83% probability that the Fed will raise its benchmark rate by 25 basis points before the close of 2026.
Updates
The US-Iran military conflict has escalated following Iran's launch of five ballistic missiles at US forces in Jordan, marking an end to the previous period of mutual attacks and military silence. Additionally, the US Federal Reserve maintained policy interest rates within the 3.50%–3.75% range, though three board members voted for a 25 basis point hike.
The US-Iran conflict has escalated again with renewed mutual attacks following a brief four-day period of silence, and the US military confirmed carrying out fresh airstrikes on Wednesday. Meanwhile, the Federal Reserve maintained interest rates at 3.50%–3.75%, though three board members voted for a 25 basis point hike. Additionally, Iran has officially rejected Oman's peace proposal regarding the joint management of the Strait of Hormuz, which currently remains closed.
The US-Iran conflict has escalated following renewed mutual attacks that ended a four-day period of military silence, specifically after Iran directed five ballistic missiles at US forces in Jordan. Meanwhile, the US Federal Reserve maintained interest rates within the 3.50%–3.75% range, though three board members voted for a 25 basis point hike. Additionally, Iran has reportedly rejected Oman's peace proposal regarding the joint management of the Strait of Hormuz.
The US-Iran military conflict has escalated following Iran's launch of five ballistic missiles at US forces in Jordan, breaking the previous period of mutual silence. Additionally, the US Federal Reserve has maintained the policy interest rate within the 3.50%–3.75% range, although three board members voted for a 25 basis point hike. In related developments, Iran has reportedly rejected Oman's peace proposal regarding the joint management of the Strait of Hormuz.
The US-Iran military conflict has escalated following the end of a four-day silence and Iran's launch of five ballistic missiles at US forces in Jordan. Amidst this tension, the US Federal Reserve has maintained policy interest rates within the 3.50%–3.75% range, though three board members voted for a 25 basis point hike. Additionally, gold futures for August opened at $4,097.50, marking a 0.7% increase from the previous Friday's close.
The US-Iran military conflict escalated after Iran directed five ballistic missiles at US forces in Jordan, ending a period of mutual silence. Additionally, the US Federal Reserve maintained the policy interest rate within the 3.50%–3.75% range, despite three board members voting for a 25 basis point hike.
The US-Iran military conflict escalated as a four-day period of silence ended with renewed mutual attacks, following an incident where Iran directed five ballistic missiles at US forces in Jordan. Meanwhile, the US Federal Reserve maintained the policy interest rate within the 3.50%–3.75% range, despite three board members voting for a 25 basis point hike.
The US-Iran conflict has escalated further after Iran directed five ballistic missiles at US forces in Jordan, breaking the previous period of military silence. Meanwhile, the US Federal Reserve has kept the policy interest rate within the 3.50%–3.75% range, though three board members voted for a 25 basis point hike.
The US-Iran military conflict has escalated following Iran's decision to direct five ballistic missiles at US forces in Jordan, breaking the recent period of military silence. Meanwhile, the US Federal Reserve has maintained the policy interest rate within the 3.50%–3.75% range, despite three board members voting for a 25 basis point hike.
The US-Iran military conflict escalated after Iran directed five ballistic missiles at US forces in Jordan, breaking a period of mutual silence. Meanwhile, the US Federal Reserve kept the policy interest rate within the 3.50%–3.75% range, though three board members voted for a 25 basis point hike.
The US-Iran conflict has escalated following Iran's targeting of US forces in Jordan with five ballistic missiles, effectively ending a four-day military silence. Meanwhile, the Federal Reserve has maintained its policy interest rate within the 3.50%–3.75% range, though three board members voted for a 25 basis point hike.
The US-Iran conflict escalated after Iran directed five ballistic missiles at US forces in Jordan, ending a period of military silence due to renewed mutual attacks. Additionally, the US Federal Reserve maintained the policy interest rate within the 3.50%–3.75% range, following a vote where three board members supported a 25 basis point hike.
The US-Iran military conflict has escalated following Iran's launch of five ballistic missiles at US forces in Jordan, breaking a period of mutual military silence. Additionally, the US Federal Reserve has maintained the policy interest rate within the 3.50%–3.75% range, despite three board members voting for a 25 basis point hike.
The US-Iran conflict escalated after Iran directed five ballistic missiles at US forces in Jordan, following a period of military silence that ended with renewed mutual attacks. Meanwhile, the US Federal Reserve kept the policy interest rate within the 3.50%–3.75% range, though three board members voted for a 25 basis point hike.
The US-Iran conflict has escalated after a four-day military silence ended with renewed mutual attacks and Iran directing five ballistic missiles at US forces in Jordan. Meanwhile, the US Federal Reserve kept the policy interest rate within the 3.50%–3.75% range, though three board members voted for a 25 basis point hike.
The US-Iran military conflict has escalated following renewed mutual attacks, after Iran directed five ballistic missiles at US forces in Jordan. Additionally, the US Federal Reserve has maintained the policy interest rate within the 3.50%–3.75% range, despite three board members voting for a 25 basis point hike.
The US-Iran military conflict has escalated following Iran's targeting of US forces in Jordan with five ballistic missiles and the end of a four-day military silence due to renewed mutual attacks. Meanwhile, the US Federal Reserve has kept the policy interest rate within the 3.50%–3.75% range, with three board members voting for a 25 basis point hike.
The US-Iran military conflict has escalated following Iran's direction of five ballistic missiles at US forces in Jordan, effectively ending a recent period of mutual military silence. Meanwhile, the Federal Reserve has maintained the policy interest rate within the 3.50%–3.75% range, despite three board members voting for a 25 basis point hike.
Gold prices briefly exceeded $4,100/oz during Asian trading following the FOMC decision, although they reached $4,085 during the US session. Amid the geopolitical tension, US President Donald Trump announced that fresh negotiations with Iran would begin later Monday, expressing optimism regarding a deal on denuclearization and the opening of the Strait of Hormuz. Additionally, the Federal Reserve kept the policy interest rate within the 3.50%–3.75% range, though three board members voted for a 25 basis point hike.
Gold prices reached $4,085 during the US session and briefly exceeded $4,100/oz during Asian trading following the Federal Reserve's decision to maintain interest rates within the 3.50%–3.75% range. While the Fed held rates steady, three board members dissented in favor of a 25 basis point hike, and Chair Kevin Warsh indicated that the central bank is more likely to raise rates in 2026 before implementing cuts.
Gold prices briefly exceeded $4,100/oz during Asian trading following the FOMC decision, after reaching $4,085 during the US session. Meanwhile, the US Federal Reserve kept the policy interest rate within the 3.50%–3.75% range, despite three board members voting for a 25 basis point hike. Additionally, US President Donald Trump announced that fresh negotiations with Iran are set to begin later Monday.
Gold prices briefly exceeded $4,100/oz during Asian trading following the FOMC decision, which saw the Federal Reserve maintain interest rates within the 3.50%–3.75% range despite three board members voting for a 25 basis point hike. Amidst geopolitical shifts, President Donald Trump announced that fresh negotiations with Iran would begin on Monday, expressing optimism regarding the country's denuclearization and the opening of the Strait of Hormuz.
The US-Iran conflict escalated as Iran directed five ballistic missiles at US forces in Jordan, breaking a period of mutual military silence. Additionally, the US Federal Reserve maintained the policy interest rate within the 3.50%–3.75% range, though three board members dissented in favor of a 25 basis point hike. Amidst these developments, gold prices briefly exceeded $4,100/oz during Asian trading following the FOMC decision.
The US Federal Reserve kept the policy interest rate within the 3.50%–3.75% range, though three board members dissented in favor of a 25 basis point hike. Following the FOMC decision, gold prices reached $4,085 during the US session and briefly exceeded $4,100/oz during Asian trading. Meanwhile, President Donald Trump announced that fresh negotiations with Iran are set to begin later Monday, expressing optimism regarding the country's denuclearization and the opening of the Strait of Hormuz.
Following the FOMC decision, gold briefly exceeded $4,100/oz during Asian trading after reaching $4,085 during the US session. Meanwhile, the US Federal Reserve kept the policy interest rate within the 3.50%–3.75% range, though three board members voted for a 25 basis point hike. Additionally, US President Donald Trump announced that fresh negotiations with Iran are set to begin later Monday.
Gold prices briefly exceeded $4,100/oz during Asian trading following the Fed's decision to keep interest rates within the 3.50%–3.75% range, despite three board members voting for a 25 basis point hike. Meanwhile, US President Donald Trump announced that fresh negotiations with Iran regarding denuclearization and the Strait of Hormuz would begin later Monday.
Gold prices briefly exceeded $4,100/oz during Asian trading following the Fed's decision to maintain the policy interest rate within the 3.50%–3.75% range. While the rate remained unchanged, three Fed board members dissented, voting for a 25 basis point hike, as Chair Kevin Warsh indicated the central bank is more likely to raise rates in 2026 before implementing cuts.
Gold prices briefly exceeded $4,100/oz during Asian trading following the FOMC decision, where the Federal Reserve maintained interest rates within the 3.50%–3.75% range despite three board members voting for a 25 basis point hike. Amidst geopolitical tensions, US President Donald Trump announced that fresh negotiations with Iran would begin later Monday, expressing optimism regarding the country's denuclearization and the opening of the Strait of Hormuz.
Gold prices briefly exceeded $4,100 per ounce during Asian trading following the Fed's decision to keep interest rates within the 3.50%–3.75% range. While the central bank held rates steady, three board members dissented in favor of a 25 basis point hike, and Chair Kevin Warsh indicated that the Fed is more likely to raise rates in 2026 before implementing cuts.
Gold prices briefly exceeded $4,100/oz during Asian trading following the FOMC decision. In the recent meeting, the Federal Reserve kept the policy interest rate within the 3.50%–3.75% range, though three board members dissented in favor of a 25 basis point hike. Additionally, US President Donald Trump announced that fresh negotiations with Iran are set to begin later Monday.
Following the Fed's decision to maintain interest rates within the 3.50%–3.75% range, gold prices briefly exceeded $4,100/oz during Asian trading. Although three Fed board members dissented in favor of a 25 basis point hike, Chair Kevin Warsh indicated that the central bank is more likely to raise rates in 2026 before implementing cuts.
Following the FOMC decision, gold prices reached $4,085 during the US session and briefly exceeded $4,100/oz during Asian trading. Additionally, the US Federal Reserve maintained the policy interest rate within the 3.50%–3.75% range, though three board members dissented in favor of a 25 basis point hike. In related developments, US President Donald Trump announced that fresh negotiations with Iran are set to begin later Monday.
The US Federal Reserve kept the policy interest rate within the 3.50%–3.75% range, though three board members dissented in favor of a 25 basis point hike. Gold prices briefly exceeded $4,100/oz during Asian trading following the Fed's decision. Additionally, US President Donald Trump announced that fresh negotiations with Iran are set to begin later Monday, expressing optimism regarding the Strait of Hormuz and denuclearization.
Gold prices briefly exceeded $4,100 per ounce during Asian trading following the FOMC decision, after reaching $4,085 during the US session. Meanwhile, the US Federal Reserve kept the policy interest rate within the 3.50%–3.75% range, although three board members dissented in favor of a 25 basis point hike. Additionally, US President Donald Trump announced that fresh negotiations with Iran are set to begin later Monday.
Gold prices briefly exceeded $4,100/oz during Asian trading following the FOMC decision, which saw the Federal Reserve maintain the policy interest rate within the 3.50%–3.75% range. While the decision was met with dissent from three Fed board members who voted for a 25 basis point hike, Fed Chair Kevin Warsh indicated the central bank is more likely to raise rates in 2026 before implementing cuts.
Gold prices briefly exceeded $4,100/oz during Asian trading following the Fed's decision to keep interest rates within the 3.50%–3.75% range, despite three board members voting for a 25 basis point hike. Amidst the geopolitical tension, US President Donald Trump announced that fresh negotiations with Iran would begin later Monday, expressing optimism regarding denuclearization and the opening of the Strait of Hormuz.
Gold prices briefly exceeded $4,100/oz during Asian trading following the FOMC decision, after reaching $4,085 during the US session. Amidst this volatility, the US Federal Reserve kept the policy interest rate within the 3.50%–3.75% range, though three board members dissented in favor of a 25 basis point hike. Additionally, US President Donald Trump announced that fresh negotiations with Iran are set to begin later Monday.
Gold prices briefly exceeded $4,100/oz during Asian trading following the Fed's decision to keep interest rates within the 3.50%–3.75% range, even as three board members dissented in favor of a 25 basis point hike. Amidst the volatility, US President Donald Trump announced that fresh negotiations with Iran would begin later Monday, expressing optimism regarding denuclearization and the opening of the Strait of Hormuz.
While gold prices briefly exceeded $4,100 during Asian trading following the FOMC decision, the Federal Reserve opted to keep policy interest rates within the 3.50%–3.75% range, despite three board members voting for a 25 basis point hike. Additionally, US President Donald Trump announced that fresh negotiations with Iran would begin later Monday, expressing optimism regarding a deal for the country's denuclearization and the opening of the Strait of Hormuz.
Gold prices briefly exceeded $4,100/oz during Asian trading following the FOMC decision, after reaching $4,085 during the US session. Amidst these movements, the US Federal Reserve kept the policy interest rate within the 3.50%–3.75% range, though three board members dissented in favor of a 25 basis point hike. Additionally, US President Donald Trump announced that fresh negotiations with Iran are set to begin later Monday.
Gold prices briefly exceeded $4,100/oz during Asian trading and reached $4,085 during the US session following the Federal Reserve's decision to keep policy rates within the 3.50%–3.75% range. While the Fed maintained current levels, three board members voted for a 25 basis point interest rate hike, and Chair Kevin Warsh indicated that rate hikes are more likely in 2026 before any cuts occur. Additionally, US President Donald Trump announced that fresh negotiations with Iran regarding denuclearization and the Strait of Hormuz are set to begin later Monday.
Gold prices briefly exceeded $4,100/oz during Asian trading following the Fed's decision to keep the policy interest rate within the 3.50%–3.75% range. Despite the holding pattern, three Fed board members dissented, voting instead for a 25 basis point interest rate hike. Additionally, US President Donald Trump announced that fresh negotiations with Iran are set to begin later Monday.
Gold prices briefly exceeded $4,100 per ounce during Asian trading following the Fed's decision to keep interest rates within the 3.50%–3.75% range. Although the Fed maintained current levels, three board members dissented in favor of a 25 basis point hike, while Chair Kevin Warsh indicated that rate hikes are more likely in 2026 before any cuts occur.
Following the FOMC decision, gold prices briefly exceeded $4,100/oz during Asian trading after reaching $4,085 in the US session. Meanwhile, the US Federal Reserve maintained interest rates within the 3.50%–3.75% range, though three board members dissented in favor of a 25 basis point hike. Additionally, President Trump announced that fresh negotiations with Iran are set to begin later Monday, expressing optimism regarding a deal on denuclearization and the opening of the Strait of Hormuz.
The US Federal Reserve maintained the policy interest rate within the 3.50%–3.75% range, though three board members dissented in favor of a 25 basis point hike. Following the FOMC decision, gold prices reached $4,085 during the US session and briefly exceeded $4,100 per ounce during Asian trading. Additionally, President Donald Trump announced that fresh negotiations with Iran are set to begin later Monday, expressing optimism regarding a potential deal on denuclearization and the opening of the Strait of Hormuz.
Gold prices briefly exceeded $4,100 per ounce during Asian trading following the Fed's decision to keep policy interest rates within the 3.50%–3.75% range. While the Fed maintained current rates, three board members dissented in favor of a 25 basis point hike, and Chair Kevin Warsh indicated a higher likelihood of rate increases before any cuts in 2026.
Gold prices briefly exceeded $4,100/oz during Asian trading following the FOMC decision, where the Federal Reserve kept policy interest rates within the 3.50%–3.75% range despite three members voting for a 25 basis point hike. Additionally, while the US-Iran conflict has seen periods of mutual attacks and military silence, President Donald Trump announced that fresh negotiations regarding the Strait of Hormuz and denuclearization would begin on Monday.
Following the FOMC decision, gold prices briefly exceeded $4,100/oz during Asian trading after reaching $4,085 in the US session. While the Federal Reserve kept the policy interest rate within the 3.50%–3.75% range, three board members dissented, voting for a 25 basis point increase. Additionally, Fed Chair Kevin Warsh indicated that the central bank is more likely to raise rates in 2026 before implementing cuts.
Following the FOMC decision, gold prices reached $4,085 during the US session and briefly surged above $4,100/oz during Asian trading. Meanwhile, the Federal Reserve maintained the policy interest rate within the 3.50%–3.75% range, despite three board members voting for a 25 basis point hike. Additionally, US President Donald Trump announced that fresh negotiations with Iran are scheduled to begin later Monday.
Gold prices briefly exceeded $4,100/oz during Asian trading following the FOMC decision, where the Federal Reserve kept policy interest rates within the 3.50%–3.75% range. While the decision was met with dissent from three Fed board members who voted for a 25 basis point hike, Fed Chair Kevin Warsh indicated the central bank is more likely to raise rates in 2026 before implementing cuts.
Gold prices briefly exceeded $4,100/oz during Asian trading following the FOMC decision, which saw the Federal Reserve maintain interest rates within the 3.50%–3.75% range despite three board members voting for a 25 basis point hike. Additionally, US President Donald Trump announced that fresh negotiations with Iran would begin later Monday, expressing optimism regarding a deal for the opening of the Strait of Hormuz.
Gold prices briefly surpassed $4,100/oz during Asian trading after the Fed held rates at 3.50%–3.75% with three officials voting for a hike, while the US-Iran conflict escalated anew with Iran firing five ballistic missiles at US forces in Jordan and renewed mutual airstrikes ending a four-day pause — though President Trump announced fresh negotiations would begin Monday, expressing optimism on Hormuz access and denuclearization.
Gold prices briefly surpassed $4,100/oz in Asian trading after the FOMC decision, closing the week at $4,085 as the Fed held rates at 3.50%–3.75%—though three officials voted for a 25-basis-point hike—while renewed US-Iran strikes followed a four-day pause, prompting Trump to announce new negotiations and reaffirm optimism on Hormuz access and denuclearization, with gold on track for its first monthly gain in four months at approximately 1.7%.
Gold prices briefly exceeded $4,100/oz during Asian trading following the FOMC decision, though they later pulled back to around $4,085, as the Fed held rates at 3.50%–3.75% with three officials voting for a hike; meanwhile, US-Iran hostilities resumed after a four-day pause, with new US airstrikes in Iran and Iran firing five ballistic missiles at US forces in Jordan, while President Trump announced renewed negotiations aiming for a deal on the Strait of Hormuz and denuclearization.
Gold prices briefly surpassed $4,100/oz during Asian trading after the Fed held rates at 3.50%–3.75% with three officials voting for a hike, while the US-Iran conflict escalated anew following Iran’s ballistic missile strike on US forces in Jordan and renewed mutual airstrikes, though President Trump announced fresh negotiations are set to begin Monday, with gold closing July up 1.7%—its first monthly gain in four months.
Gold prices briefly surpassed $4,100/oz during Asian trading after the Fed held rates at 3.50%–3.75% with three officials voting for a hike, while the US-Iran conflict escalated anew following Iran’s missile strike on US forces in Jordan and renewed US airstrikes, though both sides have since paused hostilities ahead of planned negotiations; gold is on track to close July up 1.7%, its first monthly gain in four months, with analysts viewing pullbacks as buying opportunities.
