Gold (GC=F) August futures opened at $4,074.60 per troy ounce on Thursday, 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
ET. 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. On Wednesday, the U.S. House of Representatives approved up to $95 billion in funding for the war, aid to farmers, and parts of the SAVE America Act.