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Gold (GC=F) August futures opened at$4,074.60per troy ounce onThursday, July 23, 2026, down 1.9% from Wednesday's closing price.
The price of gold moved up this morning, trading at$4,086.60 as of 8:08 a.m.
The gold price closed above $4,100 Wednesday and opened lower on Thursday.
Two opposing forces are keeping the gold price in a tight range.
Investors are weighing the potential for higher interest rates against the likelihood of broader geopolitical and economic instability prompted by the Iran war.
House of Representatives approved up to $95 billion in funding for the war, aid to farmers, and parts of the SAVE America Act.
The plan still needs Senate approval, but the move signals support for ongoing activity in the Middle East — where the war may be at an inflection point.
Yemen's Houthi rebels are now targeting Saudi Arabian oil tankers in the Bab el-Mandeb Strait, threatening to disrupt another critical shipping lane.
The potential for higher interest rates tends to encourage lower gold prices, while global unrest can stimulate safe-haven demand for the precious metal.
The opening price of gold futures onThursday, July 23, 2026, was down 1.9% from Wednesday's close.
Here's a look at how the opening gold price has changed versus last week, month, and year: For context, gold's year-over-year growth was 95.6% on Jan.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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