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Gold August (GC=F) futures opened at $4,059.80 this morning, Wednesday, July 15, 2026, down 0.2% compared to Tuesday's closing price. The price of gold is falling this morning, moving down to $4,035.40 as of 7:41 a.m. ET.
U.S. airstrikes have targeted Iranian military sites for the fourth day in a row this week in retaliation for Iranian attacks on ships trying to navigate the Strait of Hormuz. President Trump says the U.S. will continue their selective bombardment until the strait is opened and safe for merchant ships.
Yesterday's softer-than-expected inflation report aligns with more peaceful conditions between the warring countries last month, but renewed escalations in July have sent oil prices sharply upward once again. Oil prices (BZ=F) are up over 9% in the last five days.
While most market observers are confident the Fed will not raise rates later this month to battle inflation, September will remain a focal point, especially if the violence continues.
Gold August (GC=F) futures opened at $4,059.80 this morning, Wednesday, July 15, 2026, down 0.2% compared to Tuesday's closing price. The price of gold is falling this morning, moving down to $4,035.40 as of 7:41 a.m. ET.
U.S. airstrikes have targeted Iranian military sites for the fourth day in a row this week in retaliation for Iranian attacks on ships trying to navigate the Strait of Hormuz. President Trump says the U.S. will continue their selective bombardment until the strait is opened and safe for merchant ships.
Yesterday's softer-than-expected inflation report aligns with more peaceful conditions between the warring countries last month, but renewed escalations in July have sent oil prices sharply upward once again. Oil prices (BZ=F) are up over 9% in the last five days.
While most market observers are confident the Fed will not raise rates later this month to battle inflation, September will remain a focal point, especially if the violence continues.
2 months ago
