Gold Prices Rise to $4,100 as Fed Holds Interest Rates Steady
On Thursday, July 30, 2026, gold prices climbed above $4,100 per troy ounce after the Federal Reserve decided not to raise interest rates following its two-day policy meeting. Gold futures opened at $4,060.70 and reached a high of $4,130.90 during morning trading. The Fed's decision provided support for gold as an inflation hedge, though comments from Chair Warsh emphasized the central bank’s commitment to price stability. Gold has remained in the $4,100 range for about two weeks amid fluctuating market conditions and geopolitical tensions between the U.S., Iran, and their allies. These factors have kept gold prices within a narrow band as investors balance safe-haven demand against concerns over potential rate hikes later this year.
Topics: Fed rates gold safe-haven assets