Gold Rises as U.S. Pauses Iran Strikes, With Focus on Fed Speech -- Market Talk

0734 GMT - Gold prices rise after the U.S. paused military strikes against Iran, sending Brent crude below $90 a barrel and easing concerns over inflationary pressures. In early European trading, New York gold futures are up 0.9% t $4,107.10 a troy ounce. "The easing in geopolitical tensions has reduced inflation concerns and could lessen pressure on the Fed to tighten policy further, providing near-term support for gold ahead of this week's closely watched Fed meeting," says Soojin Kim, analyst at MUFG. With a hold largely priced in, investors will focus on Fed Chair Kevin Warsh's remarks for clues on the policy outlook and the likely path of interest rates for the remainder of the year.(giulia.petroni@wsj.com)

(END) Dow Jones Newswires

July 27, 2026 03:34 ET (07:34 GMT)