Russia

Gold price down below $4,000 per troy ounce first since July 20

TASS English · 2026-07-29

AI SUMMARY

• What happened: The price of gold futures contracts for August delivery on the Comex exchange fell below $4,000 per troy ounce for the first time since July 20, 2026, closing at $3,993.8 per ounce. • Why it matters: This decline reflects broader economic trends and may impact investment strategies, as gold is often viewed as a safe haven during times of uncertainty. • What to watch next: Market analysts will monitor gold prices closely for further fluctuations and assess the potential implications for global economic conditions and investor behavior.

Gold price down below $4,000 per troy ounce first since July 20 As of 5:13 p.m. Moscow time, the gold price was down by 1.11% at $3,993.8 per troy ounceMOSCOW, July 29. /TASS/. The price of gold futures contracts for August delivery on the Comex exchange has declined below $4,000 per troy ounce for the first time since July 20, 2026, according to trading data. As of 5:00 p.m. Moscow time (2:00 p.m. GMT) the gold price was down by 0.98% at $3,999.1 per troy ounce. By 5:13 p.m. Moscow time (2:13 p.m. GMT) the price of gold had extended losses to 1.11% reaching $3,993.8 per ounce. 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Source: TASS English
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