Global Markets
Gold Prices on July 24, 2026: Below $4,100 as Markets Weigh Rate Risks and Geopolitical Tensions
724FinanceDr. Yaman Ege

Gold prices opened at $4,053.40 per troy ounce on July 24, 2026, up 0.1% from Thursday's close, but pulled back slightly after reaching $4,100 earlier in the week. Investors are monitoring economic data and Iran war developments to gauge the impact of U.S. rate risks versus global trade disruptions. The ECB held rates steady, and jobless claims came in below expectations.
This volatility reflects the interplay between central bank policies and geopolitical uncertainties. Observing TSMC's semiconductor capacity and ASML equipment trends provides critical insights into how gold demand may shift in the chip industry.