Gold (GC=F) August futures opened at $4,005.90 per troy ounce on Tuesday, July 14, 2026, essentially unchanged from Monday’s closing price.
The price of gold moved slightly higher this morning to $4,007.70 per troy ounce as of 7:50 a.m
ET. Today’s opening price of gold is the lowest since late June, as conflict continues to escalate between the U.S. and Iran. The United States says they are reinstituting a naval blockade of Iranian ports, and is proposing a 20% fee to guard the ships passing through the Strait of Hormuz.
The renewed tensions in the Middle East continue to push oil prices higher. Brent crude prices (BZ=F) are up 13.7% in the last five-day period, thrusting inflation concerns back to the forefront of consumers’ minds around the globe. The June Consumer Price Index will be released today at 8:30 a.m.