Track market-moving stories before they get noisy

Gold prices fell in Pakistan on Friday, according to data compiled by FXStreet.

The price for Gold stood at 35,996.38 Pakistani Rupees (PKR) per gram, down compared with the PKR 36,175.62 it cost on Thursday.

The price for Gold decreased to PKR 419,854.70 per tola from PKR 421,945.30 per tola a day earlier.

Unit measure

Gold Price in PKR

1 Gram

35,996.38

10 Grams

359,963.30

Tola

419,854.70

Troy Ounce

1,119,613.00

FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Gold prices fell in India on Friday, according to data compiled by FXStreet.

The price for Gold stood at 12,504.78 Indian Rupees (INR) per gram, down compared with the INR 12,566.10 it cost on Thursday.

The price for Gold decreased to INR 145,853.30 per tola from INR 146,568.50 per tola a day earlier.

Unit measure

Gold Price in INR

1 Gram

12,504.78

10 Grams

125,047.80

Tola

145,853.30

Troy Ounce

388,942.40

FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

TSXV: ITR; NYSE American: ITRG
www.integraresources.com

, /PRNewswire/ -- Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to provide an interim operational update for the second quarter ended June 30, 2026. Florida Canyon produced 16,379 ounces of gold during the quarter, a 30% increase from the first quarter of 2026. The increase in gold production was supported by record total material movement, including a 47% increase in ore mined and a 45% increase in ore placed on the heap leach pads quarter-over-quarter. With significantly more ore being placed on the heap leach pad in the second half of this year, the Company expects gold production to increase in the third and fourth quarters and is maintaining full-year gold production guidance of 70,000 to 75,000 ounces.

The Company plans to release its second quarter 2026 financial results after market close on Tuesday, August 11, 2026, followed by a conference call hosted by senior management on Wednesday, August 12, 2026 at 10:00 AM Eastern Time / 7:00 AM Pacific Time. 

(All amounts in United States ("U.S.") dollars as at June 30, 2026, unless otherwise stated.)

Q2 2026 Operational Highlights:

Key Operating Metric Improvements Quarter-over-Quarter1: 30% increase in gold produced 16% increase in total tonnes mined 47% increase in ore mined 45% increase in ore placed on heap leach pads 21% increase in processed grade 38% decrease in strip ratio 8% decrease in waste mined The Company mined 4.4 million ("M") tonnes of ore and 3.6 M tonnes of waste at a strip ratio of 0.81 at the Florida Canyon Mine ("Florida Canyon" or the "Mine"). As a result, mining rates averaged 87,867 total tonnes per day ("tpd"), representing a record rate of total material movement at the Mine.   The Florida Canyon Mine produced 16,379 ounces of gold and sold 15,794 ounces of gold during the second quarter, a 30% increase in gold production quarter-over-quarter. Gold production is expected to continue increasing through the second half of 2026, supported by the implementation of the N2 ore blending strategy, higher mining rates and increased ore stacking rates on the heap leach pads. Florida Canyon achieved record mining rates during the second quarter, with total tonnes mined increasing 16% from the first quarter. The higher mining rates reflect the successful integration of new mining equipment into the fleet, positioning the operation for stronger gold production in the second half of 2026. The Company released an updated Feasibility Study and Life of Mine Plan (the "Technical Report") for Florida Canyon which highlighted a materially enhanced operation with an 8-year mine life, a 74% increase in Proven and Probable Mineral Reserve, a 17% increase in annual gold production and $0.8 billion ("B") in after-tax free cash flow2. (1)

See first quarter and second quarter results below in the table titled: Second Quarter and Year-to-Date 2026 Florida Canyon Mine Operational Update.

(2)

See news release dated June 25, 2026. This is a non-GAAP financial measure, please refer to the "Cautionary Note Regarding Non-GAAP Measures" disclosure at the end of this news release for a description of this measure.

George Salamis, President, CEO and Director of Integra commented:

"Florida Canyon continued to build operational momentum during the second quarter, with gold production increasing 30% from the first quarter and both total material moved and ore placed on the heap leach pads reaching record levels. Approximately 4.2 million tonnes of ore were placed on the heap leach pads during the quarter, a 45% increase over the first quarter, creating a large inventory of recoverable gold ounces that is expected to support stronger gold production through the balance of this year.

Beyond 2026, work is underway for the long-term transformation of Florida Canyon. As outlined in the June 2026 Technical Report news release, beginning in 2027 the Company expects higher annual gold production, lower operating costs, and stronger cash flow from an 8-year mine life, creating a stable operation to support the continued advancement of the DeLamar and Nevada North Projects."

Second Quarter and Year-to-Date 2026 Florida Canyon Mine Operational Update

Three months ended

March 31,

Three months ended
June 30,

Six months ended
June 30,

Unit (1)

2026

2026

2026

Ore mined

kt

3,008

4,417

7,425

Waste mined

kt

3,902

3,579

7,481

Strip ratio

waste/ore

1.30

0.81

1.01

Ore direct to heap leach pads

kt

1,074

2,332

3,406

Ore crushed

kt

1,784

1,824

3,608

Total ore to heap leach pads

kt

2,858

4,156

7,014

Processed grade

g/t Au

0.19

0.23

0.22

Gold recovery rate

%

59.9 %

57.8 %

58.5 %

Gold produced

oz

12,635

16,379

29,014

Gold sold

oz

12,518

15,794

28,312

Silver produced

oz

11,622

12,392

24,014

Silver sold

oz

11,466

12,581

24,047

(1)

Unit abbreviations: kt = 1,000 metric tonnes, g/t = grams per tonne, Au = gold, oz = troy ounce

(2)

Ore crushed includes material from stockpiles and ore mined.

Florida Canyon produced 16,379 ounces of gold in the second quarter 2026, with 29,014 ounces of gold produced year-to-date. The blending strategy developed in the first quarter of 2026 for N2 ore continues to leach as expected.

Mining activity at Florida Canyon continued to accelerate during the second quarter, with approximately 8 M tonnes mined in total at an average mining rate of approximately 87,867 tpd. Record mining rates were achieved this quarter due to the integration of new mining equipment into the fleet over the last two quarters and shorter haul distances. Subsequent to quarter-end, ore stacking on the heap leach pads has exceeded expectations in July, positioning the operation for stronger gold production over the next two quarters. As a result of these mining rates, the Company maintains annual gold production guidance in 2026 of 70,000 to 75,000 ounces, with increased gold production expected over the balance of the year.

Second Quarter 2026 Consolidated Financial Position

Consolidated Financial Position

Unit (1)

June 30, 2026

Cash and cash equivalents

$000s

$111,132

(1)

Unit abbreviations: $000s = thousands of U.S. dollars

The financial information presented above is preliminary in nature and subject to completion of the Company's quarter-end financial reporting process. Final unaudited financial results may differ from these amounts and will be reported as part of the Company's quarter-end financial statements. Complete financial results for the second quarter 2026 will be reported and filed on Integra's profile on SEDAR+ at www.sedarplus.ca and EDGAR profile at www.sec.gov on Tuesday, August 11, 2026.

Second Quarter 2026 Conference Call

Integra will host a conference call and webcast on Wednesday, August 12, 2026, at 10:00 AM Eastern Time / 7:00 AM Pacific Time, to discuss the second quarter 2026 results. Details for the conference call and webcast are included below.

Dial-In Numbers / Webcast:

Conference ID: 4645464
Toll Free: (800) 715-9871
Toll: +1 (646) 307-1963
Webcast: https://events.q4inc.com/attendee/102640394

About Integra Resources Corp.

Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.

ON BEHALF OF THE BOARD OF DIRECTORS

George Salamis
President, CEO and Director

CONTACT INFORMATION
Corporate Inquiries: [email protected]
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576

Qualified Person 

The scientific and technical information contained in this news release has been reviewed and approved by James Frost, P.Eng., Director, Technical Services of Integra, who is a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

Forward Looking Statements

Certain information set forth in this news release contains "forward‐looking statements" and "forward‐looking information" within the meaning of applicable Canadian securities legislation and in applicable United States securities law (referred to herein as forward‐looking statements). Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Except for statements of historical fact, certain information contained herein constitutes forward‐looking statements which includes, but is not limited to, statements with respect to: the future financial or operating performance of the Company and its mineral properties; the expected increase in gold production in the second half of 2026; the Company's 2026 guidance; the development, operational and economic results of the Technical Report for Florida Canyon, including cash flows, revenue potential, development, expenditures, and timing thereof, extraction rates, life-of-mine projections and cost estimates; the realization of the expected economics of Florida Canyon; future development plans; and the date and timing of the conference call and webcast to the second quarter 2026 results. Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the Company's mineral properties; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Company's mineral properties economic; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward‐looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward‐looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; benefits of certain technology usage; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's public disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in Integra's Annual Information Form dated March 24, 2026 for the fiscal year ended December 31, 2025, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and available as Exhibit 99.1 to Integra's Form 40-F, which is available on the EDGAR profile for the Company at www.sec.gov.

Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at www.sedarplus.ca.

Cautionary Note Regarding Non-GAAP Financial Measures

Alternative performance measures in this news release such as "free cash flow" are furnished to provide additional information. These non-GAAP performance measures are included in this news release because these statistics are used as key performance measures that management uses to monitor and assess performance of Florida Canyon, and to plan and assess the overall effectiveness and efficiency of mining operations. These performance measures do not have a standardized meaning within International Financial Reporting Standards ("IFRS") and, therefore, amounts presented may not be comparable to similar data presented by other mining companies. These performance measures should not be considered in isolation as a substitute for measures of performance in accordance with IFRS.

Free Cash Flow

Free cash flows are revenues net of operating costs, royalties, capital expenditures and cash taxes. The Company believes that this measure is useful to the external users in assessing the Company's ability to generate cash flows from the Project.

Cautionary Note for U.S. Investors Concerning Mineral Resources and Reserves

NI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure contained in this news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and resource and reserve information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Email: [email protected] 

SOURCE Integra Resources Corp.

Orbex Group Limited is the holding company of Orbex Global Limited, Orbex Limited is an affiliate with Orbex Global Limited. Orbex Global Limited is authorized and regulated by Mauritius Financial Services Commission “FSC” (View License). Orbex.com is owned by Orbex Group Limited and is operated by Orbex Global Limited with registered address: Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius

Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Orbex Global does not offer its services to residents of certain jurisdictions such as Mauritius, USA, and North Korea.

TORONTO, July 23, 2026 /PRNewswire/ -- Mayfair Gold Corp. ("Mayfair", "Mayfair Gold", or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to provide a progress update on activities completed during Q2 2026 and ongoing key work streams to advance and de-risk the Company's 100% controlled Fenn-Gib Gold Project ("Fenn-Gib" or the "Project") in Northern Ontario. Key Highlights: Engineering & Design: Advancing front-end engineering design with Ausenco leading plant engineering, and site layout work for the planned 4,800 tonne-per-day process plant Grade Control Drilling: Concluded the grade control drilling program, which confirmed Resource model confidence and identified upside in higher-grade material Environmental Work and Advancing Permitting: Progressing environmental baseline studies and preparing the Ontario-led One Project, One Process environmental approval submission Infrastructure: Advanced powerline planning and engagement with HONI and IESO, while progressing site access options; advanced condemnation drilling review and geotechnical investigations for key infrastructure and plant site locations Exploration: Advancing compilation, mapping and prospecting across the expanded regional land package Capital Markets: Initiated early engagement with potential project financing parties Planned Activities for Q3: Plans to complete process plant FEED and tender detailed engineering, advance the 1P1P submissions and project financing discussions, and further de-risk earthworks, tailings storage facility and water management designs Drew Anwyll, P.Eng.

Summary:

USD/ZAR entered a three-day losing streak after failing to breach key technical resistance at 16.60, a solid barrier since mid-May Persistent weakness in the US dollar cross could push USD/ZAR down toward the 16.20 support zone during upcoming central bank updates High domestic interest rates, political stability under a coalition government, and strong precious metal exports have driven the rand's 6% year-to-date gain The USD/ZAR currency pair has seen a three-day decline, failing to break through the significant 16.60 resistance level that has been in place since mid-May. This is occurring even as the US dollar shows general strength against other major currencies, indicating a notable resilience from the South African rand. The rand’s performance has contributed to a year-to-date depreciation of the USD/ZAR pair by over 6%.

This dynamic invites closer examination of the underlying forces at play. What is driving the pair’s current momentum, and what broader signals does it convey about the economies involved? Looking ahead, investors must consider both near-term and medium-term prospects to inform their positioning.

What Is Driving the Rand’s Outperformance? The rand’s current strength stems from a blend of domestic political stability, appealing yield differences, and strong commodity exports. In May, South Africa’s Reserve Bank surprised markets, hiking rates for the first time in three years. After a split vote, it pushed the repo rate to 7.00%.

That wasn’t a random decision. June’s inflation hit a two-year high of 5.0%, hotter than the 4.7% economists had penciled in. Many analysts now expect a second consecutive hike this week. Higher South African rates make the rand more appealing to carry traders seeking yield, propping up the currency even with soft domestic growth.

Globally, expectations for potential interest rate cuts by the US Federal Reserve, influenced by softening labor market data and moderating inflation, have reduced upward pressure on the US dollar. While the dollar remains a key safe-haven asset, its recent trend has moderated, allowing currencies from emerging markets with higher yields, such as the rand, to perform better.

The Federal Reserve maintained its interest rate range at 3.50%–3.75% in its June meeting. Although the projected rate path still suggests one more increase this year, a weaker-than-expected June jobs report of only 57,000 new positions has tempered expectations of aggressive rate hikes.

Firmer gold prices also boost the rand. South Africa benefits directly from strong worldwide demand and favorable prices for precious metals, especially gold and platinum group metals. Healthy export revenues have helped shore up the national trade balance and brought in steady foreign currency.

Near-Term and Medium-Term Outlook Looking ahead, the South African Reserve Bank’s (SARB) upcoming policy decision this week is a key factor in the near term. A further 25-basis-point rate increase would likely sustain rand support and keep USD/ZAR below 16.60 until the Federal Reserve’s July meeting. Any indications from the Fed signaling potential rate cuts could lead to a downward revision for USD/ZAR, potentially testing the 16.20 support level.

Over the medium term, the pair’s trajectory will depend heavily on global risk appetite and commodity demand. If South Africa successfully implements structural reforms in its energy and logistics sectors and global central banks begin to ease monetary policy, the rand may continue to appreciate.

What has driven USD/ZAR’s recent losing streak?

Strong rand performance from commodity exports, SARB policy, and moderating US dollar strength have kept the pair below 16.60 resistance.

What domestic monetary factor attracts global investors to the South African rand?

Elevated interest rates set by the South African Reserve Bank offer an attractive carry trade yield for foreign investors.

What triggered the SARB’s first rate hike in three years?

Inflation accelerated to a two-year high of 5.0% in June, prompting policymakers to hike rates to protect price stability and currency credibility.

Gold prices remained broadly unchanged in India on Thursday, according to data compiled by FXStreet.

The price for Gold stood at 12,809.96 Indian Rupees (INR) per gram, broadly stable compared with the INR 12,820.56 it cost on Wednesday.

The price for Gold was broadly steady at INR 149,412.40 per tola from INR 149,536.50 per tola a day earlier.

Unit measure

Gold Price in INR

1 Gram

12,809.96

10 Grams

128,101.40

Tola

149,412.40

Troy Ounce

398,434.50

FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Gold price (XAU/USD) trades in positive territory around $4,125 during the early Asian session on Thursday. The precious metal extends its recovery as ongoing geopolitical uncertainties continue to underpin safe-haven demand.

Traders are scrambling back into the yellow metal after attacks between the United States (US) and Iran are widening into a second week. US President Donald Trump on Wednesday vowed that the US will blow up an Iranian bridge or power plant, including those in the country’s capital city of Tehran every time Iran shoots at a ship in the Strait of Hormuz.

Meanwhile, Iran threatened to strike US-linked infrastructure and energy facilities across the region if Washington carries out Trump’s threat. Earlier Wednesday, US Secretary of State Marco Rubio accused Iran of not being “serious” about making an agreement with the US while emphasizing that Washington was “committed to diplomacy” in the Middle East.

“The recent rebound feels mostly flow-driven, sparked by a bit of dip-buying and sheer relief that the US$4,000-an-ounce floor held,” says Ryan McKay, senior commodity strategist at TD Securities. “However, I don’t expect this to be the start of a new structural trend. Energy prices are just starting to pick up again, and that concern will ultimately cap the upside,” McKay added. 

Fed funds futures traders were pricing in a nearly 34% probability of a rate hike from the Fed this month, up from 10% a week ago. Traders were also pricing in a 78% odds of at least a 25 basis points (bps) rate increase in September, according to the CME FedWatch tool.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

22.7.2026 17:52

Index Dow Jones +0,32 % na 52390,54 b. S&P 500 +0,12 % na 7518,33 b. Nasdaq Composite -0,09 % na 25812,72 b.

Ve středeční seanci se americké indexy ze začátku mírně korigují, protože investoři jsou opatrní před zveřejněním klíčových zpráv o hospodaření společností jako Alphabet a Texas Instruments, které by mohly poskytnout další signály o obchodu s umělou inteligencí. Trhy se také soustřeďují na americko-íránský konflikt, jelikož obě strany pokračovaly ve vzájemných úderech již jedenáctý den po sobě. Začínají tak vznikat opět obavy z narušení dodávek ropy způsobených potenciálně se rozšiřujícím konfliktem na Blízkém východě. Bohužel, diplomatické jednání nepřineslo okamžitý pokrok. Americký prezident Donald Trump v úterý nabídl na nová jednání s představiteli Iránu  pesimistický pohled a uvedl, že Washington „nemá zájem se s Íránem zatím  setkat“. Dolar na páru s eurem  zatím opslabuje o -0,2% tj. 1,1414 USD/EUR.

V hledáčku investorů je stále ropa, která stále roste a dnes WTI přidává 2,4% a dostává se k úrovni 86,4 USD/barel. Jak ropa roste , tak se opět vynořují obavy investorů že energetický šok způsobený válkou by mohl vyvolat globální inflační výbuch a vlnu zvyšování úrokových sazeb centrálních bank. Tyto komentáře přicházejí v době, kdy média naznačují, že se mediátoři nadále snaží oživit diplomatické řešení íránského konfliktu, který nyní hrozí rozšířením do dalších částí Perského zálivu. Dnes byly také zveřejněny zásoby surové ropy a podle EIA zásoby vzrostly o 2,010 mil. barelů, když trh předpokládal pokles o 1,950 mil. barelů. Tato situace vyhovuje akciím v těžebním sektoru černého zlata a tak akcie těžebního obra Exxon Mobil ( XOM ) přidávají 1,5% a hned v závěsu jsou akcie konkurenta Baker Hughes ( BKR ), jež se posunují výš na tržní ceně více než 1%. Podobně si vedou také akcie Marathonu Petroleum ( MPC ) se ziskem více než 1% a také akcie britské skupiny BP ( BP ) se posouvají výš o více než 1,5%. Solidně si vedou také akcie APA ( APA ), které se přehouply přes 1% a také konkurenční akcie Occidentalu Petroleum ( OXY ) na tržní ceně přidávají cca 1,5%. Velmi slušně si vedou také akcie brazilského těžaře  Petrobrasu ( PBR ), jež se pohybují v kladném se ziskem 2,5%. Dnes přidávají na tržní ceně také akcie francouzského výrobce a dodavatele těžní techniky Schlumbergeru ( SLB ) o více než 2% a také akcie amerického konkurenta Halliburtonu ( HAL ) 0,6% a do této skupiny patří také akcie Chevronu  ( CVX ), které přidávají cca 1%.

S oslabením dolaru si dnes dobře vede žlutý kov, který přidává 1,4% a zlato se tak dostává l úrovni 4 138 USD/Troy. unci. Tato situace je tak příznivě nakloněna akciím v těžebním sektoru zlata a tak akcie největšího kanadského těžaře Barrick Mining ( B ) dnes zpevňují o 3,9% a hned v závěsu jsou akcie jeho amerického konkurenta Newmontu ( NEM ) s ještě větším  ziskem cca 4,5%. Za zmínku stojí také akcie známého těžaře Eldorado Gold ( EGO ), jež se posunují výš o 6,7%.

Za pozornost investorů stojí dnes tabáková skupina Philip Morris ( PM ) vykázala zisk za druhé čtvrtletí, který překonal odhady díky robustním tržbám poháněným poptávkou po jejím nekuřáckém produktu. Náladu však utlumilo určité zklamání z jejího ročního výhledu. Tržby  společnosti meziročně vzrostly o 10,4 % na 11,19 mld. USD. Organické tržby byly meziročně vyšší o 7,6 %, zatímco trh očekával růst pouze o 4,91 %. Philip Morris celkově dodal 205,2 mld. jednotek produktů, což představuje meziroční růst o 2,5 %. Zisk na akcii meziročně klesl o 7,7 % na 1,80 USD, a to vlivem nepeněžního odpisu podílu v kanadské RBH ve výši 511 mil. USD (dopad 0,33 USD na akcii). Očištěný zisk na akcii naopak vzrostl o 15,2 % na 2,20 USD (bez měnového vlivu +13,6 %) a překonal očekávání trhu ve výši 2,04 USD. I když výhled byl opatrný, tak investoři pozitivně vnímají reportovaná čísla a akcie Philip Morris ( PM ) posilují na tržní ceně o více než 1,9%.

Své výsledky za 2Q. 2026 dnes představila také telekomunikační společnost AT&T ( T ) Čistý přírůstek postpaid mobilních zákazníků překonal průměrný odhad analytiků. Nad očekávání byl rovněž reportován očištěný zisk na akcii a očištěný zisk EBITDA. Akcie AT &T ( T ) se tak dnes těší z přízně investorů  a posilují o cca 3,2%. 

Index S&P 500 +0,12 % na 7518,33 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Utility +1,6 % Zbytná spotřeba -0,6 % Základní materiály +1,3 % Reality -0,2 % Energie +0,9 % Komunikační služby -0,1 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Super Micro Computer (SMCI) +24 % TE Connectivity (TEL) -7,7 % Westinghouse Air Brake Technologies Corp (WAB) +11 % GE Vernova (GEV) -6,9 % Dell Technologies (DELL) +9,6 % ServiceNow (NOW) -4,9 % EQT Corp (EQT) +6,9 % PTC (PTC) -4,7 % CME Group (CME) +6,0 % DoorDash (DASH) -4,7 %
Luboš Bedrník
Fio banka, a.s.
Prohlášení

Ultimately, the market will be paying attention to interest rates as they are rising, and typically this will work against gold. Whether or not anything has changed from a longer-term standpoint remains to be seen, but as things look right now, it seems like the market is in a bit of consolidation. The top of that consolidation is at the $4,200 level, so that will be worth watching very closely. A break above that would have traders excited to say the least.

Death Cross Signals and Support Levels We recently had the death cross when the 50-day EMA breaks down below the 200-day EMA, a signal that longer-term traders normally view as very negative.

The $4,000 level continues to be a bit of a floor, but we’ll see how that plays out. It’s more of a range based on price history down to the $3,900 level. Breaking below there would obviously have people thinking lower pricing. It would be a major breach of support.

As things stand right now, it looks like we’re just simply content to go back and forth in this range, and range-bound traders are probably living it up right now, as it is such a well-defined area. This remains a market that seems to be looking to make a bigger move, but with so much uncertainty, it is possible that traders are simply waiting for a clearer signal.

Posted by Defense World Staff on Jul 22nd, 2026

D.A. Davidson & CO. lifted its position in Gold.com Inc. (NYSE:GOLD – Free Report) by 109.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,595 shares of the company’s stock after purchasing an additional 20,139 shares during the quarter. D.A. Davidson & CO. owned 0.15% of Gold.com worth $1,547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC bought a new stake in Gold.com in the 4th quarter valued at $35,000. Larson Financial Group LLC acquired a new position in shares of Gold.com in the 4th quarter valued at $41,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Gold.com during the 4th quarter worth about $42,000. State of Alaska Department of Revenue bought a new position in shares of Gold.com during the 4th quarter worth about $44,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of Gold.com during the 4th quarter valued at about $55,000. 62.85% of the stock is owned by institutional investors.

Gold.com Stock Performance GOLD opened at $39.88 on Wednesday. The stock has a 50-day moving average price of $41.36. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. Gold.com Inc. has a twelve month low of $20.55 and a twelve month high of $66.70. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 13.66 and a beta of 0.55.

Gold.com (NYSE:GOLD – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $1.62. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $4.81 billion. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. As a group, sell-side analysts anticipate that Gold.com Inc. will post 5.31 EPS for the current fiscal year.

Gold.com Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Gold.com’s dividend payout ratio (DPR) is presently 27.40%.

Gold.com announced that its Board of Directors has approved a stock repurchase program on Wednesday, April 8th that allows the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization allows the company to buy up to 7.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Canaccord Genuity Group started coverage on shares of Gold.com in a research note on Tuesday, June 9th. They set a “buy” rating and a $70.00 price target for the company. Roth Capital set a $52.00 price objective on Gold.com in a report on Thursday, May 7th. Zacks Research lowered Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, DA Davidson reissued a “buy” rating and issued a $60.00 target price on shares of Gold.com in a report on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Gold.com presently has an average rating of “Moderate Buy” and an average price target of $59.75.

View Our Latest Analysis on GOLD

Insider Activity at Gold.com In other Gold.com news, major shareholder Tether Global Investments Fund purchased 58,536 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $43.11 per share, for a total transaction of $2,523,486.96. Following the transaction, the insider directly owned 200,000 shares in the company, valued at approximately $8,622,000. The trade was a 41.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory N. Roberts sold 40,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total value of $1,663,200.00. Following the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at $1,172,639.16. This represents a 58.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have bought 730,338 shares of company stock valued at $31,842,096. Company insiders own 23.10% of the company’s stock.

Gold.com Profile (Free Report)

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.

Read More Five stocks we like better than Gold.com Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible

Receive News & Ratings for Gold.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold.com and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEBessemer Group Inc. Has $3.59 Million Stock Holdings in Werner Enterprises, Inc. $WERN

NEXT HEADLINE »Bessemer Group Inc. Purchases Shares of 78,656 Guardian Pharmacy Services, Inc. $GRDN

ING’s commodities team notes Gold and Silver have extended gains on dip-buying and geopolitical concerns in the Middle East. They highlight Gold trading above $4,000/oz and Silver near $60/oz, supported by safe-haven flows and stronger industrial metals sentiment. ING expects Gold to stay sensitive to energy markets and US monetary policy, with Silver potentially outperforming if industrial strength persists.

Precious metals lifted by dip-buying"Gold and silver extended gains, supported by bargain hunting after recent weakness and investors continuing to assess geopolitical risks in the Middle East. The move came despite lingering concerns that higher energy prices could add to inflationary pressures, complicating the Federal Reserve's path towards interest rate cuts."

"Gold climbed back above the $4,000/oz level, while silver outperformed, trading close to $60/oz. Silver’s performance reflects not only its safe-haven appeal but also support from improving sentiment across the industrial metals complex, particularly copper."

"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. While tensions in the Middle East remain supportive for precious metals, markets are weighing softer US economic data against the inflationary risks from higher energy costs."

"Gold is likely to remain sensitive to developments in energy markets and expectations for US monetary policy. Silver could continue to outperform if strength in industrial metals persists alongside safe-haven demand."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Gold prices rose in Saudi Arabia on Wednesday, according to data compiled by FXStreet.

The price for Gold stood at 498.23 Saudi Riyals (SAR) per gram, up compared with the SAR 492.14 it cost on Tuesday.

The price for Gold increased to SAR 5,811.27 per tola from SAR 5,740.20 per tola a day earlier.

Unit measure

Gold Price in SAR

1 Gram

498.23

10 Grams

4,982.24

Tola

5,811.27

Troy Ounce

15,496.74

FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Gold price (XAU/USD) gains ground to around $4,080 during the early Asian session on Wednesday. The precious metal rebounds as safe-haven demand intensified globally after retreating to the $4,000 psychological level in the previous session. 

Renewed military tensions between the United States (US) and Iran have injected high volatility into commodities, prompting traders to rotate capital back into safe-haven yellow metal. Additionally, analysts said that the buying comes with the macro backdrop largely unchanged. “Today’s move looks more like dip-buying than a response to new headlines,” said Ewa Manthey, commodities strategist at ING. 

Traders continue to weigh escalations in the US-Iran war. The US Central Command (CENTCOM) has carried out its 11th consecutive night of strikes on Iran since US President Donald Trump declared the ceasefire “over,” while Tehran’s forces have struck US military assets across the Middle East and its Houthi allies have declared a maritime embargo against Saudi Arabia.

Markets will closely monitor Middle East tensions for signs that higher energy costs could stoke inflation, putting pressure on the Federal Reserve (Fed) to tighten policy. Swap traders see low odds of the Fed raising rates at its next meeting in July after softer US inflation data, although traders have fully priced in at least one hike by the end of the year.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

The swing top at $4202.71 is inside that zone. And taking it out will break the pattern of consecutive lower lows. After this, the 50-day moving average at $4263.78 comes into focus and if tested, we may finally get to see how much conviction the bullish gold traders have.

What to Watch Gold is holding Tuesday’s bid despite oil rallying and yields pressing higher because the ceasefire proposal is keeping the diplomatic track alive. That is fragile. A tanker was already hit in the Strait of Hormuz and both sides are still striking. If the talks collapse and crude extends, the rate pressure returns and gold gives this back. If diplomacy holds and oil starts pulling back, September hike odds continue to drop and gold can keep building on the base.

The price action is developing a secondary higher bottom above long-term support. Gold is still inside a resistance zone and needs to clear the upper end with volume to open the path toward the 50-day average. That level is where the market finds out whether this recovery has real conviction or whether it is just a pause in the selling.

If you’d like to know more about how to trade gold, please visit our educational area.

Gold rose around 1.5% on Tuesday as fresh signals of diplomatic action to de-escalate US-Iran war cooled inflation risks and expected to ease pressure on the US central bank.

Quick change in sentiment made the yellow metal more attractive to investors, with the latest bounce from very significant $4000 support zone (contained several attacks in past one month) has so far retraced 50% of $4203/$3960 bear-leg and eased immediate downside risk.

Improving technical picture (price broke above 10 and 20 DMAs ($4050 and $4062 respectively and 14-d momentum rises into positive territory) supports the action, although recent gains are still insufficient to generate signal of direction change.

The price may extend gains if favorable fundamentals persist, with break through $4110 (Fibo 61.8%) and $4145 (Fibo 76.4%) to further strengthen near-term structure and expose upper breakpoint at $4203 (recovery top / near-term range ceiling) violation of which to generate initial reversal signal.

Res: 4085; 4110; 4145; 4203
Sup: 4050; 4017; 4000; 3960

Windsor Brokers Ltdhttp://www.windsorbrokers.com/

The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

Gold price (XAU/USD) is up 1.5% to near $4,067 during the European trading session on Tuesday. The precious metal outperforms as the rally in oil prices has stalled, with investors turning confident that negotiations between the United States (US) and Iran towards peace have resumed.

In European trade, the WTI Oil price turns positive to near $82.65 after recovering early losses, but corrected sharply after registering a fresh monthly high at $84.42.

Lower oil prices ease inflation expectations and fears of interest rate hikes from central banks, a scenario that bodes well for non-yielding assets, such as Gold.

Meanwhile, a slight correction in the US Dollar due to risk-on market sentiment is also supporting the Gold price. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.1% lower to near 100.90.

Technically, a lower US Dollar makes the Gold price a favorable risk-reward bet for investors.

On the US interest rate front, the Federal Reserve (Fed) is almost certain to leave interest rates unchanged in the policy meeting next week.

Gold technical analysis

XAU/USD trades higher at around $4,069.52, closer to the 20-day Exponential Moving Average (EMA), which is at $4,089.31. The precious metal attempts a breakout of the Descending Triangle formation after remaining sideways for almost a month.

Momentum remains subdued with the 14-period Relative Strength Index (RSI) hovering around 45 and signaling a lack of bullish conviction.

On the downside, immediate support is seen around the recent break-price area near $4,043, before the rising trend-line floor at $3,941.63. On the topside, the 20-period EMA at $4,089.31 is the first meaningful barrier that gold must reclaim to ease near-term downside pressure and open the way for a more constructive recovery towards the July 6 high around $4,200.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

Gold prices rose in Malaysia on Tuesday, according to data compiled by FXStreet.

The price for Gold stood at 531.49 Malaysian Ringgits (MYR) per gram, up compared with the MYR 526.67 it cost on Monday.

The price for Gold increased to MYR 6,199.51 per tola from MYR 6,142.99 per tola a day earlier.

Unit measure

Gold Price in MYR

1 Gram

531.49

10 Grams

5,315.17

Tola

6,199.51

Troy Ounce

16,531.32

FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Gold prices rose in Pakistan on Tuesday, according to data compiled by FXStreet.

The price for Gold stood at 36,200.27 Pakistani Rupees (PKR) per gram, up compared with the PKR 35,863.88 it cost on Monday.

The price for Gold increased to PKR 422,232.90 per tola from PKR 418,309.20 per tola a day earlier.

Unit measure

Gold Price in PKR

1 Gram

36,200.27

10 Grams

362,002.70

Tola

422,232.90

Troy Ounce

1,125,954.00

FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Gold prices rose in Philippines on Tuesday, according to data compiled by FXStreet.

The price for Gold stood at 8,037.94 Philippine Pesos (PHP) per gram, up compared with the PHP 7,955.80 it cost on Monday.

The price for Gold increased to PHP 93,753.77 per tola from PHP 92,794.92 per tola a day earlier.

Unit measure

Gold Price in PHP

1 Gram

8,037.94

10 Grams

80,382.97

Tola

93,753.77

Troy Ounce

250,009.00

FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Gold Talking Points: While rate cuts amidst high inflation drove a massive breakout in gold back in 2024 the possibility of inflation-fueled rate hikes has driven a 28% pullback in the metal. The $4k level was initially taken-out last October as rate cuts fueled the rally but that price has become a massive spot of contention with buyers stepping in on tests below over the past month.

It’s been a brutal four-month stretch for Gold and that statement really can be spanned back to six months, as it was January 29th when the metal had set its current all-time-high just below $5600/oz. The initial pullback from that move was violent, with prices testing just above the $4400 handle a few days later, but that move was bid as late-stage buyers posed a bounce, and that move inevitably topped out at a lower-high of $5400/oz in early-March.

Since then, sellers have very much been in-charge with lower-lows and lower-highs, but over the past month they’ve largely been stalled as we’ve seen continued buying interest upon tests below the $4k level.

Gold Weekly Chart Chart prepared by James Stanley; data derived from Tradingview Gold: All About $4k On the initial approach towards the $4k level back in March, buyers stepped in about $100 before the big figure could come into play. That bounce, like the bounce from the $5600 reversal, was faded by sellers, leaving another lower-high on the chart. In the four months since, buyers have continued to show demand around the $4k level although that’s been slipping of late.

As to where sellers have been showing more aggression, we have lower-highs at both $4200 and $4100 and that sets up for some important context as the $4k support test from the weekly chart has continued, as each of those prices represent waypoints that buyers will need to take out to exhibit greater control of the trend in Gold.

Gold Four-Hour Price Chart Chart prepared by James Stanley; data derived from Tradingview Gold Strategy Moving Forward Last week saw two tests and failures at $4100 following below expected inflation data out of the US, and this further indicates that sellers are using bounces to build positions in the metal. When that sees initial signs of change, then we can begin to plot for bigger picture bullish themes, with that price and $4200 both representing important spots on the chart with which sellers have so far exhibited control.

Outside of that, sellers have an open door to make a move as the daily chart can be argued as a descending triangle formation, which is a bearish continuation pattern marked by horizontal support to go along with lower-highs. The logic being that successive bounces from that horizontal support are bringing less and less buying activity, and a persistent effort from sellers can, eventually, play through to a downside break of that important line-in-the-sand.

In that bearish scenario, spots of prior resistance-turned-support stand out, just below both $3900 and $3800, with the levels specifically plotted at $3895 and $3791.

Gold Daily Chart Chart prepared by James Stanley; data derived from Tradingview --- written by James Stanley, Senior Market Analyst, Global Macro

Orbex Group Limited is the holding company of Orbex Global Limited, Orbex Limited is an affiliate with Orbex Global Limited. Orbex Global Limited is authorized and regulated by Mauritius Financial Services Commission “FSC” (View License). Orbex.com is owned by Orbex Group Limited and is operated by Orbex Global Limited with registered address: Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius

Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Orbex Global does not offer its services to residents of certain jurisdictions such as Mauritius, USA, and North Korea.

Gold prices remained broadly unchanged in United Arab Emirates on Monday, according to data compiled by FXStreet.

The price for Gold stood at 474.81 United Arab Emirates Dirhams (AED) per gram, broadly stable compared with the AED 474.54 it cost on Friday.

The price for Gold was broadly steady at AED 5,538.14 per tola from AED 5,534.89 per tola on friday.

Unit measure

Gold Price in AED

1 Gram

474.81

10 Grams

4,748.14

Tola

5,538.14

Troy Ounce

14,768.37

FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Gold prices rose in Pakistan on Monday, according to data compiled by FXStreet.

The price for Gold stood at 35,945.31 Pakistani Rupees (PKR) per gram, up compared with the PKR 35,906.22 it cost on Friday.

The price for Gold increased to PKR 419,258.50 per tola from PKR 418,803.20 per tola on friday.

Unit measure

Gold Price in PKR

1 Gram

35,945.31

10 Grams

359,453.10

Tola

419,258.50

Troy Ounce

1,118,025.00

FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Spot gold weekly chart shows long-term trend. Source: TradingView Mixed Signals Create a Critical Decision Point The combination of a break below a rising trendline and consistent confirmed resistance at the 20-day moving average, shows long-term and short-term alignment. Although this adds to downward pressure, the reluctance of selling pressure to increase noticeably since last week’s lower swing high, leaves open the possibility for a relatively quick recovery of the two trending indicators. The 20-day moving average is now near $4,071 and Wednesday’s high of $4,081 can be used as a proxy for the indicator.

Lower Support Levels Come into Focus If the current trend low of $3,942 is broken to the downside, the higher swing low of $3,886 becomes a target, and it is at risk of failure as well. A decisive break below that initial target leads to a possible eventual test of support in a range from around $3,702 to $3,650, consisting of the 50% retracement of a prior upswing and the 78.6% Fibonacci retracement of a larger previous upswing.

A Reversal Requires Stronger Confirmation Despite the signs of strength indicated by a reclaim of the 20-day moving average, a bullish reversal of structure above last week’s high would be needed for a more reliable sign of a bullish reversal. However, the next upside target is at the falling 50-day moving average at $4,291 and it is rapidly falling towards last week’s high.

If you’d like to know more about how to trade gold and silver, please visit our educational area.