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COMEX Gold Falls to $4,008.7, Down 2.55% on July 13 Amid U.S.-Iran Tensions

2026-07-14 01:53:08

XAU-1.39%

According to Jin10 Futures, COMEX gold fell to $4,008.7 per ounce, down 2.55%, on July 13 as geopolitical tensions escalated. According to The New York Times, President Trump stated on Monday that the U.S. would resume naval blockades against Iran following renewed military hostilities, intensifying transit risks through the Strait of Hormuz. Oil prices rebounded sharply on supply concerns, reversing earlier risk-off sentiment in precious metals. U.S. Federal Reserve Governor Christopher Waller signaled the Fed may need to raise rates if core inflation remains elevated, with July rate-hike odds rising slightly. Domestic SHFE gold settled at 873.26 yuan per gram, down 2.12%.

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