spot gold

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Gold and Silver Prices Drop Over 1% as Middle East Tensions Drive Oil Higher

Spot gold fell 1.2% to $4,072.78 an ounce and US gold futures slipped 0.8% to $4,081.70 amid escalating US-Iran tensions over the Strait of Hormuz, which drove oil prices sharply higher and revived inflation concerns. Analysts expect bullion to remain in a corrective phase unless stronger fundamental triggers emerge, with market attention on geopolitical developments and upcoming Chinese economic data.

Jul 13, 2026 1 source

Commodities

Metals & Mining #gold#silver

Spot Gold Hits One-Week Low at $4,100 per Ounce as Strong Dollar and Crude Rally Weigh on Bullion

Spot gold dropped to its lowest in a week at $4,100.32 per ounce, pressured by a stronger US dollar and rising crude oil prices following US strikes on Iran. Domestic gold prices in India fell by Rs 1,400 to Rs 1,49,250 per 10 grams, while silver shed Rs 200. Market participants await key US economic data for direction.

Jul 8, 2026 1 source