Gold Prices Rise After Hitting One-Week Low

Gold prices climbed on Thursday after earlier trading close to their lowest level in a week. By 12:45 Moscow time, August futures for gold on Comex rose 0.80% to $4,115 per ounce.

Meanwhile, spot gold increased by 0.64% to $4,103.72 per ounce, recovering from a decline on Wednesday to its lowest point since July 1, 2026.

Kelvin Wang, chief market analyst at OANDA, stated that the US dollar weakened slightly due to the possibility of Iran reaching an agreement with the United States, as announced by Trump.

He added that following exchanges of strikes the previous day, the temporary ceasefire agreement between the US and Iran is currently fragile, which may lead to renewed market volatility.