August gold futures hit $4,112.90 as geopolitical tensions ease and the Fed holds rates steady.
Gold August futures opened at $4,102.40 per troy ounce on July 31, 2026, marking a 0.1% gain from Thursday’s close. Prices climbed to $4,112.90 by 8:22 a.m. ET, breaking above $4,100 for the first time in a month.
The move follows a pause in U.S. airstrikes in Iran and the Federal Reserve’s decision to leave interest rates unchanged. Gold has risen 2.5% over the past month and 25.3% year-over-year, though gains have slowed from a 95.6% surge on January 29.
Investors are assessing the Fed’s messaging and diplomatic developments, with cautious optimism supporting the rally.