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Gold Rises 0.92% to $4,100.51 Per Ounce on July 27 as Middle East Tensions Ease

2026-07-27 03:23:12

According to Yonhap Infomax, gold spot price rose 0.92% to $4,100.51 per ounce as of 10 a.m. on July 27. The increase followed the U.S. halting air strikes on Iran over the weekend, with Iran also announcing it would suspend retaliatory attacks. The easing of Middle East tensions reduced concerns over oil supply disruptions and inflation, weakening expectations for further Federal Reserve rate hikes, which typically pressure gold prices.

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Lucas Bennett07-24 18:27

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