Global Gold Climbs Back Above $4,000 After Soft US Inflation Data
14 July 2026 | 3 months ago
Spot gold climbed back above $4,000 an ounce on Tuesday, July 14, after three straight sessions of declines. The rebound followed the release of June US inflation data that came in softer than expected, easing some concern about a Federal Reserve rate hike.
According to Sahmino data, gold traded near $4,076 an ounce during Tehran afternoon hours, up about 1.9% from the previous day. On Monday, gold had slipped below $4,000 to its lowest level since July 1.
A softer dollar and higher oil prices also supported the metal. Swings in the global ounce, together with a weaker rial, are the main drivers of gold and coin prices in Iran's domestic market.
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