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FinanceSpot gold climbs 1.6% to two-week high as Fed outlook, Middle East tensions weigh
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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. Investors are weighing the implications of potential Fed rate decisions amid geopolitical uncertainty, which has boosted demand for safe-haven assets like gold. The article, published by The Business Times Singapore on July 22, 2026, highlights the dual catalysts of central bank policy expectations and regional conflict as key drivers of the precious metal's recent price action.
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Publication Date: 2026-07-22 04:25:59
Gold Hits Two-Week High as Fed Outlook and Middle East Conflict Remain 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 TimesNeutral / independent
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