Gold at $3,996 amid Iran-US tensions, oil price surge
Gold was steady on Friday, though the metal remained on pace for its steepest weekly drop in six weeks as intensifying US-Iran hostilities pushed oil prices upward, stoking inflation concerns and bolstering expectations of tighter US monetary policy.
July 17, 2026 (MLN): Gold was steady on Friday, though the metal remained on pace for its steepest weekly drop in six weeks as intensifying US-Iran hostilities pushed oil prices upward, stoking inflation concerns and bolstering expectations of tighter US monetary policy. Currently, spot gold is down 1.35% to $3995.97 an ounce as of [11:45 am] PST, according to data reported by Mettis Global. Bullion remains down 3.4...