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Gold (GC=F) August futures opened at $4,176.40 per troy ounce on Tuesday, July 7, 2026, up 0.2% from Monday's closing price. The price of gold moved higher this morning to $4,180.30 per troy ounce as of 8:21 a.m. ET.
Today was another strong opening price for gold following last week's employment report, which reduced the likelihood of an upcoming rate increase by the Fed. While there's still a strong possibility the Fed will raise rates later this year, according to the CME Group's FedWatch tool, the chances for an increase following the Fed's end-of-July meeting are currently just 25.1%, creating more room for gold prices to firm. The chance of a July rate increase last week was 33.1%.
The opening price of gold futures on Tuesday was 0.2% higher than Monday's opening price. Here's a look at how the opening gold price has changed versus last week, month, and year:
One week ago: +4.3%
Gold (GC=F) August futures opened at $4,176.40 per troy ounce on Tuesday, July 7, 2026, up 0.2% from Monday's closing price. The price of gold moved higher this morning to $4,180.30 per troy ounce as of 8:21 a.m. ET.
Today was another strong opening price for gold following last week's employment report, which reduced the likelihood of an upcoming rate increase by the Fed. While there's still a strong possibility the Fed will raise rates later this year, according to the CME Group's FedWatch tool, the chances for an increase following the Fed's end-of-July meeting are currently just 25.1%, creating more room for gold prices to firm. The chance of a July rate increase last week was 33.1%.
The opening price of gold futures on Tuesday was 0.2% higher than Monday's opening price. Here's a look at how the opening gold price has changed versus last week, month, and year:
One week ago: +4.3%
2 months ago
