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The New Indian Express

Gold posts steep weekly drop in July 13–18, 2026 as Fed rate outlook and strong dollar dominate

AI Market Summary
Gold fell sharply during July 13–18 as higher-for-longer Fed expectations lifted US Treasury yields and strengthened the dollar, reducing demand for nonyielding bullion. Despite escalating Middle East conflict and intermittent safe-haven flows, rates and FX dynamics dominated, prompting profit-taking after a strong prior rally. Central bank buying and ongoing geopolitical risk tempered downside, but near-term trading is likely to remain yield- and dollar-sensitive.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+0.24%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Global gold prices fell sharply in the week of July 13–18, 2026, with spot gold down about 2–3% for its biggest weekly loss in more than a month. Comex Gold for July delivery settled at $4012.70 per troy ounce, down 2.23% on the week. Expectations that the Federal Reserve will keep interest rates higher for longer, alongside rising U.S. Treasury yields and a stronger dollar, weighed on the appeal of non-yielding gold. Despite escalating Middle East tensions, safe-haven buying did not materially offset the pressure.
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