Wire flash
FinanceSpot gold climbs 1.6% to two-week high as Fed outlook, Middle East tensions stay in focus
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
Gold prices surged to a two-week high on Wednesday, with spot gold climbing 1.6% to US$4,139.64 per ounce by 0307 GMT, reaching its highest level since July 7. The rally was driven by ongoing market focus on the Federal Reserve's monetary policy outlook and escalating tensions in the Middle East. US gold futures for August delivery also jumped 1.7% to US$4,144.20. The precious metal's safe-haven appeal was bolstered by geopolitical uncertainty and expectations regarding the Fed's interest rate decisions.
Source report
Here is the rewritten news content in clean, professional English Markdown.
Publication Date: 2026-07-22 04:25:59
Gold Hits Two-Week High as Fed Outlook, Middle East Conflict Stay in Focus
Spot gold climbs 1.6% to US$4,139.64 per ounce by 0307 GMT, having hit its highest level since Jul 7 earlier on Wednesday.
Published: Wed, Jul 22, 2026 · 09:21 AM Updated: Wed, Jul 22, 2026 · 12:25 PM
- US gold futures for August delivery jumped 1.7% to US$4,144.20. (PHOTO: REUTERS)
Source
The Business TimesRegional
Part of this Story
Gold Surges on Easing Fed Rate Hike Expectations After Weak US Jobs Data