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Spot Gold Rallies to $4,080 on Haven Demand Despite Rising Yields, Up 1.83% on Tuesday

2026-07-22 16:10:03

According to Kitco NewsWire, spot gold rallied to $4,080.20 per ounce, up 1.83%, during late-afternoon U.S. trading on Tuesday, while spot silver rose 4.29% to $58.70. Short covering and renewed haven demand lifted both metals despite headwinds from rising Treasury yields, a firmer U.S. dollar and higher crude oil prices tied to escalating U.S.-Iran military activity near the Strait of Hormuz. Brent crude settled at $91.01 a barrel and WTI closed at $84.91.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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