Iran Market Pulse: Friday Midday, July 24, 2026; Global Gold Steadies Near $4,046 as Money Rotates Toward Risk

Today, Friday, the market's winner was risk money, and the loser of two weeks was fear. Spot gold steadied near four thousand forty-six dollars, about a hundred below this week's record. As the odds of Hormuz de-escalation rise, crisis-insurance money flows back out of gold. Brent crude fell from its ninety-six dollar peak toward eighty-eight, and the dollar index held near one hundred one. Simply put, the war-risk premium that ran markets hot for two weeks is draining out. On the other side, Bitcoin climbed to around sixty-five thousand six hundred fifty dollars. Bitcoin is up nearly thirteen percent from its July first low, and Ethereum was positive too. The main driver is renewed institutional inflows into Bitcoin funds and short covering. Three scenarios lie ahead: consolidation, more rotation, or fear's return on a fresh Hormuz headline. The domestic market is shut Friday; the free dollar near one hundred ninety-three thousand toman at Thursday's close. For Saturday watch four things: the domestic open, Hormuz, Bitcoin, and the Federal Reserve. Today's verdict is clear: this was a day of rotation, not calm. So Saturday the market realigns with cheaper gold; today's winner was risk. Full analysis on Sahmino.com.