Economy

Gold Declines

Publication Date: July 23, 2026 09:47 KSA

Gold prices retreated from a two-week high today amid escalating tensions in the Middle East and rising oil prices.

Spot gold stabilized at $4,132.01 per ounce, after rising to $4,165.87 in the previous session, its highest level since July 7. U.S. gold futures for August delivery fell 0.4% to $4,134.60.

As for other precious metals, spot silver rose 0.3% to $59.90 per ounce, platinum climbed 0.7% to $1,656.24, and palladium increased by 0.8% to $1,301.25.