Spot Gold Holds Above $4,050 in Wednesday Trade as Safe-Haven Demand Firms
22 July 2026 | 3 months ago
Spot gold held above $4,050 an ounce in early Wednesday trade on 22 July 2026, rising to around $4,080. The move followed a pullback in the prior session that had taken gold near the $4,000 psychological level.
The main driver was firmer safe-haven demand as the US and Iran exchanged strikes for an 11th day. Some analysts say the gain reflected buying after the recent decline rather than a fresh fundamental shift.
The international gold ounce is the direct benchmark for the price of coins and each gram of 18-carat gold in Iran's domestic market.
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