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Gold gains 0.6% as oil prices decline

July 24, 2026 / 9:06 PM
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Sharjah 24 – Reuters: Gold prices rose 0.6% on Friday, supported by a drop in Brent crude below $100 per barrel as investors monitored developments in the Middle East and assessed potential inflation risks linked to US interest rate expectations.

Spot gold climbed 0.6% to $4,073.23 per ounce after falling 2% in the previous session, while US gold futures for August delivery also gained 0.6% to $4,075.90.

Performance across other precious metals

Among other precious metals, spot silver advanced 1.9% to $58.77 per ounce, platinum slipped 0.5% to $1,592.89, and palladium edged up 0.2% to $1,259.42.

 

July 24, 2026 / 9:06 PM

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