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Spot Gold Rises to $4,075.60 as U.S.-Iran De-escalation Pressures Crude Oil

Metals Commodities

2026-07-28 17:54:23

According to Kitco NewsWire, spot gold traded near $4,075.60 an ounce Monday, up 0.59%, as a pause in U.S.-Iran military actions eased energy-driven inflation concerns. Spot silver also gained 0.45% to $58.29. Crude oil prices declined sharply following the de-escalation: Brent crude fell 6.3% to $85.87 a barrel and U.S. crude dropped 7.5% to $82.61. Treasury yields eased alongside oil prices, while positioning remained cautious ahead of Wednesday's Federal Reserve decision.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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