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Can Gold Extend Its Rally? Markets Focus on Inflation, Fed Policy and Geopolitics
Gold continues to trade above the key $4,100 level as investors balance geopolitical uncertainty with expectations for future U.S. monetary policy. Renewed tensions in the Middle East have reinforced demand for defensive assets, while markets remain highly sensitive to inflation data and interest-rate expectations. Safe-Haven Demand Remains Elevated: Military developments involving the United States and Iran have renewed demand for traditional safe-haven assets. Even if geopolitical tensions ease temporarily, investors are likely to remain cautious until there is greater clarity over the regional outlook. Should ... (full story)
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Iran's Islamic Revolutionary Guard Corps (IRGC) Navy announced that the Strait of Hormuz will be "temporarily closed until further notice," and no ship will be allowed to sail through the waterway, blaming the United States for violating the memorandum of understanding (MoU). The Strait will remain blocked until the US "ceases its interference in [the] region," the navy said in a statement. "Should the aggressor, exploiting this incident (which it itself caused), commit any further transgressions, we shall respond forcefully, and additional enemy bases in the region will be targeted," the IRGC Navy warned, adding that the blame for such an escalation would fall on the US, Israel, and "countries that have placed their territories" at their disposal. IRGC fired a missile at a commercial cargo ship that tried to pass through the strait of Hormuz, U.S. official says. Ship was hit and suffered damages
From fxstreet.com | Jul 12, 2026
Gold price (XAU/USD) attracts some sellers to near $4,070 during the early Asian trading hours on Monday. The precious metal extends its decline amid escalating tensions between the US and Iran. Traders will take more cues from the release of the US June Consumer Price Index (CPI) inflation data, which is due on Tuesday. The US military said that it ...
Gold declined after the US and Iran exchanged strikes over the weekend of Jul 11 and 12, sending energy prices higher and once more raising the prospects for interest-rate hikes to combat inflation. Bullion fell as much as 1.2 per cent to below US$4,070 an ounce on Monday (Jul 13), having lost 1.4 per cent in the week ended Jul 12. Confusion governed the ...
