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1414 ET – Precious metals settle higher, with sentiment shifting to a more optimistic outlook. “Prices are in an upswing that could continue until the end of the year,” says Peter Cardillo of Spartan Capital Securities. Cardillo adds that for gold, central bank buying is starting to return after taking a pause, giving similar support for when gold ran up to record highs last year. Cardillo sets his near-term price target at $4,375 a troy ounce, also noting that next week’s Fed meeting may provide more clarity to how interest rate hikes could materialize going forward. Front-month gold closes up 1.9% to $4,146.90/oz. Front-month silver climbs 2% to $60.019/oz today. ([email protected])
Comex Gold Settles 1.86% Higher at $4146.90
Front Month Comex Gold for July delivery gained $75.80 per troy ounce, or 1.86% to $4146.90 today
—Largest one day dollar and percentage gain since Monday, June 15, 2026
—Up for two consecutive sessions
—Up $136.60 or 3.41% over the last two sessions
—Up three of the past four sessions
—Highest settlement value since Monday, July 6, 2026
—Off 22.03% from its 52-week high of $5318.40 hit Thursday, Jan. 29, 2026
—Up 25.92% from its 52-week low of $3293.20 hit Thursday, July 31, 2025
—Rose 22.18% from 52 weeks ago
—Off 22.03% from its 2026 settlement high of $5318.40 hit Thursday, Jan. 29, 2026
—Up 4.05% from its 2026 settlement low of $3985.60 hit Thursday, July 16, 2026
—Off 22.03% from its record high of $5318.40 hit Thursday, Jan. 29, 2026
—Month-to-date it is up 3.08%
—Year-to-date it is down $178.70 or 4.13%
All prices are calculated based on the settlement price of the current front month contract.
Source: Dow Jones Market Data, FactSet
Comex Silver Settles 2.01% Higher at $60.019
Front Month Comex Silver for July delivery gained $1.1840 per troy ounce, or 2.01% to $60.019 today
—Up for four consecutive sessions
—Up $4.121 or 7.37% over the last four sessions
—Longest winning streak since Monday, July 6, 2026 when the market rose for four straight sessions
—Highest settlement value since Thursday, July 9, 2026
—Off 47.85% from its 52-week high of $115.08 hit Monday, Jan. 26, 2026
—Up 64.20% from its 52-week low of $36.552 hit Thursday, July 31, 2025
—Rose 52.81% from 52 weeks ago
—Off 47.85% from its 2026 settlement high of $115.08 hit Monday, Jan. 26, 2026
—Up 7.37% from its 2026 settlement low of $55.898 hit Thursday, July 16, 2026
—Off 47.85% from its record high of $115.08 hit Monday, Jan. 26, 2026
—Month-to-date it is up 0.91%
—Year-to-date it is down $10.115 or 14.42%
All prices are calculated based on the settlement price of the current front month contract.
Source: Dow Jones Market Data, FactSet
Gold Extends Gains on Softer Dollar, Technical Buying
1451 GMT – Gold prices extend gains, supported by a softer U.S. dollar and technical buying as investors closely watch developments in the Middle East. “We expect markets to remain headline-driven in the near term,” analysts at Sucden Financial say. “Any credible de-escalation would ease pressure on yields and the dollar, but as long as oil stays elevated, the market is likely to keep an inflation premium embedded in rates despite the recent softer CPI print.” In early U.S. trading, New York gold futures rise 2% to $4,156.10 a troy ounce. Meanwhile, silver is up 2.5% to $60.61 an ounce and platinum gains 1.3% to $1,659.20 an ounce. ([email protected])
Gold Past $4,100 on Fresh Buying Interest as Traders Weigh Mideast Risks, Fed Outlook
0808 GMT – Gold prices rise past $4,100 a troy ounce on dip buying as investors weigh risks in the Middle East and await the Federal Reserve’s meeting next week for more cues on the monetary policy outlook. In early trading, New York futures are up 1% to $4,116.10 an ounce, their highest in two weeks. “The rebound appears driven more by fresh buying interest following a period of consolidation rather than a material shift in the geopolitical or macroeconomic backdrop,” analysts at ING say. “While tensions in the Middle East remain supportive for precious metals, markets are weighing softer U.S. economic data against the inflationary risks from higher energy costs.” ([email protected])
Comex Gold Futures Eyeing Resistance at $4,200 an Ounce, Chart Shows
0630 GMT – Comex gold futures are eyeing resistance at $4,200 an ounce, RHB Retail Research’s Aiman Kamil Ahmad Shauqi says in a report. The commodity closed Tuesday with a bullish candlestick pattern on the daily chart, the analyst notes. Also, the relative strength index is pointing toward the 50% threshold, showing that strong bullish momentum is under way. The precious metal could stage a fresh attempt to climb above the 20-day simple moving average, although both the 20- and 50-day simple moving averages are viewed as resistance levels, the analyst adds. Spot gold is 1.1% higher at $4,125.49 an ounce. ([email protected])
Gold Rises Amid Hopes for U.S.-Iran Deal
0035 GMT — Gold advances in Asian trade. Prices are likely supported by a broad pullback in global bond yields and a softer dollar as markets weigh the prospect of renewed U.S.-Iran talks, says Tickmill’s Joseph Dahrieh in commentary. “Optimism around a possible truce could ease concerns over energy-driven inflation, reducing the perceived need for the Federal Reserve to tighten monetary policy aggressively,” he says. A higher interest-rate environment typically weighs on nonyielding assets such as gold. XS.com’s Antonio Di Giacomo expects gold prices to increase gradually from a technical perspective, as long as it maintains above $4,000 a troy ounce, with $4,100 as the immediate resistance level. Spot gold gains 0.5% to $4,094.89 an ounce. ([email protected])