Gold climbs to $4,116 on technical buying

PSX Update • Jul 22, 2026

Gold prices climbed to a two-week high on Wednesday, lifted by technical buying as investors weighed the widening Middle East conflict and looked ahead to next week's US Federal Reserve meeting for signals on the interest rate path.

July 22, 2026 (MLN): Gold prices climbed to a two-week high on Wednesday, lifted by technical buying as investors weighed the widening Middle East conflict and looked ahead to next week's US Federal Reserve meeting for signals on the interest rate path. Currently, spot gold is up 2.74% to $4,116.05 an ounce as of [2:39 pm] PST, according to data reported by Mettis Global. Escalating tensions in the Middle East have...