Gold prices keep climbing during the first trading session of July. Prices are closing in on the 2012 high – just below $1800, and are up 56% since August 2018. Monetary policy seems to be the key driver here – expanding central balance sheets exert upward pressure on many assets and gold is up despite upbeat sentiment on indices.

Market Wrap: A 4% surge in oil prices weighs on indices (08.10.2026)
Morning wrap: Wall Street and precious metals attempt to stabilize as oil gains nearly 2%
Daily summary: Wall Street recovers losses despite a surge in yields 🗽 Gold and silver retreat
Large decline in crude inventories 🛢️📉