Jul 27, 2026
positiveGold Recovers 0.95% to $4,090 as Oil Drops 7% — Safe-Haven Demand Fades but Stays Elevated on Ceasefire Skepticism
Gold rose 0.95% to $4,090.57 an ounce on Monday, recovering from nine-month lows as the US-Iran military pause sent oil sharply lower but left safe-haven demand intact amid market skepticism over the ceasefire's durability. Analysts describe the pause as 'tactical rather than genuine,' preventing a sharp gold selloff even as equities rallied. Gold has risen 23.4% year-over-year but remains 27% below its January all-time high of $5,595 amid elevated Fed rate-hike expectations.