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World Gold Council Sees Gold Trading Near $4,100 Unless Geopolitics Or Growth Deteriorate
The World Gold Council expects gold to remain broadly range-bound through the second half of 2026 unless geopolitical tensions intensify or the global economy weakens more sharply than markets currently anticipate. In its Gold Mid-Year Outlook 2026, published on July 1, the industry body argues that the precious metal has entered a more balanced phase after one of its most volatile six-month periods in years. While gold remains among the best-performing major assets over the past 12 months, the report suggests much of the easy upside has already been priced in unless macroeconomic conditions deteriorate further. The ... (full story)
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Gold's sharp correction from its record highs may have rattled investors, but MKS PAMP is urging them not to mistake the recent selloff for the end of the precious metal's secular bull market. In her mid-year outlook, Nicky Shiels, Head of Research and Metals Strategy at MKS PAMP, said she is maintaining her 2026 average gold price forecast of $4,500 an ...
*US IS REVOKING IRAN-RELATED GENERAL LICENSE TO EXPORT OIL *IRAN'S ACTIONS IN STRAIT OF HORMUZ WHOLLY UNACCEPTABLE: OFFICIAL 
Revocation and Wind Down of June 21, 2026 Authorization for the Production, Delivery and Sale of Crude Oil Products of Iranian Origin Effective July 7, 2026, General License X, dated June 21, 2026, is revoked and superseded in its entirety by General License X1. Except as provided in paragraph, all transactions prohibited by the above-listed authorities that are ordinarily incident and necessary to the wind down of transactions previously authorized by General License X are authorized through 12:01 a.m. eastern daylight time, July 17, 2026, provided that any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States. Note to paragraph (b). Except to the extent ordinarily incident and necessary to the wind down of transactions previously authorized by General License X for the production, sale, delivery, or offloading of crude oil, petrochemical products, or petroleum products of Iranian origin, paragraph (b) does not authorize any new transactions, including purchases or loading of such products on or after July 7, 2026.
Revocation and Wind Down of June 21, 2026 Authorization for the Production, Delivery and Sale of Crude Oil Products of Iranian Origin Effective July 7, 2026, General License X, dated June 21, 2026, is revoked and superseded in its entirety by General License X1. Except as provided in paragraph, all transactions prohibited by the above-listed authorities that are ordinarily incident and necessary to the wind down of transactions previously authorized by General License X are authorized through 12:01 a.m. eastern daylight time, July 17, 2026, provided that any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States. Note to paragraph (b). Except to the extent ordinarily incident and necessary to the wind down of transactions previously authorized by General License X for the production, sale, delivery, or offloading of crude oil, petrochemical products, or petroleum products of Iranian origin, paragraph (b) does not authorize any new transactions, including purchases or loading of such products on or after July 7, 2026.
Gold fell about 0.50% on Monday, with XAU/USD trading at $4,153, as firm US yields and a steady dollar limited a post-jobs data bounce even as markets pared expectations for a more hawkish Federal Reserve. The ISM Services PMI eased to 54 from 54.5; however, the Employment Index firmed and the prices paid gauge slowed to 67.7 from 71.3. Rate pricing ...
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- Jul 7, 9:40am | 5 hr ago Posted byFundamental Analysis81
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