Gold price prediction today: Why are gold prices under pressure? Check July 21, 2026 outlook
Gold prices remain under pressure due to geopolitical tensions between the US and Iran, which have caused volatility in oil markets. Analysts suggest downside risks persist as the conflict impacts global supply chains and commodity stability.
Why it matters
Gold is a key safe-haven asset; its price fluctuations reflect global investor sentiment regarding geopolitical instability and energy security.
Gold price prediction today: Gold prices continue to be under pressure and downside risks remain, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.Gold Performance:Gold came under pressure at the start of the week as oil prices jumped in overnight trading Monday due to escalating conflict between the US and Iran. However, oil surrendering its gains on possibility of renewed diplomatic efforts to address the Middle East crisis helped the metal stabilize.The yellow metal, at the time of writing this report on Monday night was trading slightly lower at $4116.Earlier, in the week ending July 17, spot gold closed with a minor loss of $3 at $4017 as it extended its weekly losing streak to the second consecutive week.Geopolitics and oil:The US and Iran have intensified attacks on each other as the present conflict entered tenth day Monday.
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