Gold Tops $4,100 After U.S. Pauses Strikes on Iran
2026-07-27 23:52:38
London spot gold rose above $4,100 an ounce on July 27, up more than 1% intraday, while WTI and Brent crude futures at one point fell as much as 8% after news that the United States had suspended military strikes on Iran, according to Jiemian News. Gold had been consolidating since June and recently traded around $4,000 an ounce before breaking higher. Market participants said near-term U.S.-Iran tensions remain the main driver for gold, while rising-rate trades are nearing their limit and oil has shifted from a suppressive factor to one of several influences on prices.
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