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Gold slips as U.S. strikes on Iran extend for a fourth day
Gold August futures were down 0.2% at the open and trading near $4,035.4 per ounce as renewed tensions around the Strait of Hormuz helped push oil more than 9% higher over the past five days.
Gold prices were lower on Wednesday, July 15, 2026, with August gold futures (GC=F) opening at $4,059.8, down 0.2% from Tuesday’s close.
By 7:41 a.m. ET, gold had moved down to $4,035.4 as U.S. airstrikes targeted Iranian military sites for a fourth straight day, according to Yahoo Finance.
Yahoo Finance said the strikes are in retaliation for Iranian attacks on ships navigating the Strait of Hormuz, with President Trump stating the U.S. would continue selective bombardment until the strait is open and safe for merchant vessels.
The article linked gold’s lack of advance to a renewed escalation in July, even as it noted observers are generally confident the Fed will not raise rates later this month, while September remains a focus and oil prices have risen sharply once again.
Latest closeGold $4,067.10 ▲0.1%