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Gold (GC=F) December futures opened at $4,109.60 per troy ounce on Tuesday, August 4, 2026, up 0.5% from Monday's closing price. The price of gold moved higher this morning to $4,136.30 per troy ounce as of 8:03 a.m. ET.
The opening price of gold continues to hold above $4,100 this week, and the precious metal continues to gain value in early trading, despite inflammatory comments from President Trump. While the president hopes his comments will accelerate a deal to reopen the Strait of Hormuz, they could prolong the war and raise energy costs even further:
"I want to give them every last chance before decapitation," Trump told reporters on Monday. "You'll find out today or tomorrow. I mean, they're going to go quickly, one way or the other. It's not very complex."
This is a "last chance" for Iran to come to an agreement, the president said, after he called off what he described as a major attack on the Islamic Republic over the weekend that would have likely involved Israel.
#last
Gold (GC=F) December futures opened at $4,109.60 per troy ounce on Tuesday, August 4, 2026, up 0.5% from Monday's closing price. The price of gold moved higher this morning to $4,136.30 per troy ounce as of 8:03 a.m. ET.
The opening price of gold continues to hold above $4,100 this week, and the precious metal continues to gain value in early trading, despite inflammatory comments from President Trump. While the president hopes his comments will accelerate a deal to reopen the Strait of Hormuz, they could prolong the war and raise energy costs even further:
"I want to give them every last chance before decapitation," Trump told reporters on Monday. "You'll find out today or tomorrow. I mean, they're going to go quickly, one way or the other. It's not very complex."
This is a "last chance" for Iran to come to an agreement, the president said, after he called off what he described as a major attack on the Islamic Republic over the weekend that would have likely involved Israel.
#last
2 months ago
