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Gold Rises 1.76% to $4,086.70 on July 21 as Geopolitical Tensions Support Safe-Haven Demand

2026-07-21 21:44:19

XAU1.82%

According to COMEX data, August gold futures (GCQ6) rose $70.80, or 1.76%, to $4,086.70 per troy ounce as of 3:01 p.m. ET on July 21, breaking above the $4,000 support level. The surge reflects sustained safe-haven demand amid escalating U.S.-Iran military tensions now in their tenth consecutive day. President Trump stated that while Iran reportedly seeks ceasefire negotiations, he has no interest in talks until Iran demonstrates meaningful preparation. The gold market has confirmed strong support at the $4,000 level over the past month after last touching below that threshold in October 2025.

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