Gold Price Outlook For July 2026
The post Gold Price Outlook For July 2026 appeared on BitcoinEthereumNews.com. Gold trades near $4,140 on Tuesday, down 26% from January’s record high of $5,598 per ounce. This gold price prediction for July 2026 examines why the metal keeps falling and where it could bottom. Five fundamental forces continue to weigh on the metal. Meanwhile, the weekly and daily charts point to deeper downside targets. Why is Gold Going Down? Gold’s decline started with the Strait of Hormuz. Iran has blocked the waterway since late February, driving up energy prices worldwide. As a result, US inflation reached 4.2% in June, its highest level in three years. That inflation spike flipped the Federal Reserve narrative. Markets no longer expect rate cuts and now lean the other way. According to CME FedWatch data, traders are pricing a 47.1% chance of a 25-basis-point hike in September. Another 11.1% expect a 50-basis-point move, so tightening odds total roughly 58%. Higher rates hurt gold because the metal