Gold prices today, Thursday, July 16, 2026: Prices struggle to remain just over $4,000

Gold (GC=F) August futures opened astatine $4,068.90 per troy ounce connected Thursday, July 16, 2026, up 0.4% compared to Wednesday's closing price. The terms of golden moved little this morning, trading astatine $4,041.10 arsenic of 8:02 a.m. ET.

Gold prices stay conscionable supra $4,000 an ounce this greeting arsenic the U.S. continues to onslaught Iranian subject sites for the 5th consecutive day. The back-and-forth attacks from some countries person erstwhile again led to the closing of the Strait of Hormuz and the implementation of a U.S. naval blockade connected Iranian ports.

While some sides don't look funny successful relenting their positions, the U.S. says it's inactive unfastened to negotiations and remains focused connected reopening the strait, successful which astir a 5th of the world's lipid and earthy state erstwhile flowed.

The renewed subject actions by the U.S. and Iran person erstwhile again enactment unit connected vigor prices for consumers worldwide, prompting analysts to stake connected higher involvement rates astatine immoderate constituent this year. Higher involvement rates are a earthy headwind for golden prices since the precious metallic doesn't wage interest.

Current terms of golden

The opening terms of golden futures connected Thursday, July 16, 2026, was up 0.4% from Wednesday's close. Here's a look astatine however the opening golden terms has changed versus past week, month, and year:  

• One week ago: +0.1%

• One period ago: -5.6%

• One twelvemonth ago: +21.8%

For context, gold's year-over-year maturation was 95.6% connected Jan. 29.

24/7 golden terms tracking: Don't hide you tin show the existent terms of golden connected Yahoo Finance 24 hours a day, 7 days a week. 

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Gold IRA: What it is, however it works

If you are socking golden bars distant for a rainy day, determination whitethorn beryllium an accidental to gain immoderate taxation perks successful the process. You could found a golden IRA to clasp those assets and diversify your status wealth.

Learn more: How to put successful golden successful 4 steps

A golden IRA is simply a specialty signifier of self-directed IRA that's designed for golden and different precious metals. 

Gold IRA vs. accepted IRA

The array beneath compares the main features of modular IRAs and golden IRAs.

IRS restrictions

You indispensable enactment with a specialty supplier that tin guarantee your relationship complies with these IRS restrictions:  

1. Storage: Your golden indispensable beryllium held successful an IRS-approved facility.

2. Asset types: A golden IRA tin clasp carnal gold, silver, platinum, oregon palladium — but not each forms of these metals are eligible. For example, golden bullion, metallic coins, and bars indispensable conscionable purity requirements. Additionally, golden bars indispensable travel from approved refiners.  

Learn more: Gold IRA: Benefits, risks, and however it differs from a accepted IRA

Price of golden illustration

Whether you're tracking the terms of golden since past period oregon past year, the terms of golden illustration beneath shows the precious metal's worth travel truthful acold this year.