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Gold Breaks $4,100 on U.S. Strike Pause Before Profit-Taking Pulls It Back

Gold pierced $4,100 an ounce on Friday after the United States paused overnight airstrikes on Iran, but the break proved short-lived as profit-taking and a rebo…

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Gold Breaks $4,100 on U.S. Strike Pause Before Profit-Taking Pulls It Back
Article image: Gold Breaks $4,100 on U.S. Strike Pause Before Profit-Taking Pulls It Back

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Excerpts from the article

  • Gold pierced $4,100 an ounce on Friday after the United States paused overnight airstrikes on Iran, but the break proved short-lived as profit-taking…
  • Spot gold fell 0.6% to $4,076.53 per ounce as of 0253 GMT, while August Comex futures slipped 0.4% to $4,074.20, according to multiple market…
  • The metal is still on track for its first monthly gain in five months, up roughly 1.7% in July and about 0.6% for the week, snapping a four-month…

The Senate on Thursday rejected a war-powers resolution to end U.S. military action in Iran for the 13th time, voting 49–50, underscoring that political pressure to de-escalate remains insufficient to halt operations. With the strike pause unconfirmed as permanent and the dollar's rebound still nascent, the $4,000–$4,200 range looks set to define near-term trade. Will the next geopolitical flare-up or Fed signal finally push gold through $4,200 on a closing basis?

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