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Gold on track to end four-month slump as investors weigh Fed signals

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Gold on track to end four-month slump as investors weigh Fed signals
Gold was headed for its first monthly gain in five on Friday, as investors assessed the impact of the U.S.-Iran conflict and parsed the Federal Reserve‘s signals for clues on inflation and the path for interest rates.

FUNDAMENTALS

Spot gold inched 0.2% lower at $4,096.29 per ounce, as of 0107 GMT, but was headed for a weekly ‌rise of ⁠1.1%. U.S. ⁠gold futures for August delivery gained 0.1% to $4,094.10.

The metal was on track to gain more than 2.2% this month, its sharpest gain since February.

Spot gold rose 2% on Wednesday, after the Fed left interest unchanged at its latest policy meeting, and Chairman Kevin Warsh gave little indication on the central bank’s next policy move.

Markets are now pricing in a ⁠63% chance ‌of a rate hike in September, down from about 80% prior to the policy meeting, according to CME Group’s FedWatch tool. [FEDWATCH]

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The dollar gained about 0.3%, after diving 2.4% in its biggest single-day drop since January 2023 on Thursday. [USD/]
A drone strike on gas vessels in Egypt’s Mediterranean port of Damietta signalled a potential new front in the U.S.-Iran war, raising the prospect of threats to navigation through the Suez Canal, one of the last remaining export routes for Saudi oil.
U.S. inflation slowed in June, with the ‌Personal Consumption Expenditures Price Index slipping 0.1% on a month-over-month basis, the weakest reading since April 2020, but the easing is likely to be temporary as renewed ⁠hostilities in the Middle East raise oil prices.
Global gold demand was steady year-on-year at 1,268.9 metric tons in the second quarter of 2026 as central banks sped up purchases, offsetting a slump in investment, the World Gold Council said on Thursday.

Spot silver held steady at $58.98 per ounce, platinum slid 1.3% to $1,638.97, and palladium fell 0.2% to $1,301.94.

DATA/EVENTS (GMT)

0600 UK Nationwide house price mm, yy Jul

0900 EU HICP Flash YY Jul

0900 EU HICP-X F, E, A, T Flash YY, MM Jul

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Cerus Corporation (CERS) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Cerus Corporation’s Second Quarter 2026 Earnings Conference Call. Please be advised, today’s conference is being recorded. I would now like to hand the conference over to Tim Lee, Cerus’ Head of Investor Relations. Tim, you may begin.

Timothy Lee
Head of Investor Relation

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Thank you and good afternoon. I’d like to thank everyone for joining us today. As part of today’s webcast, we are simultaneously displaying slides that you can follow. You can access the slides from the Investor Relations website at ir.cerus.com. With me on the call are Vivek Jayaraman, Cerus’ President and Chief Executive Officer, and Kevin Green, Cerus’ Chief Financial Officer. Cerus issued a press release today announcing our financial results for the second quarter ended June 30, 2026, and describing the company’s recent business highlights. You can access a copy of this announcement on the company’s website at www.cerus.com.

I’d like to remind you that some of the statements we’ll make on this call relate to future events and performance, rather than historical facts and are forward-looking statements. Examples of forward-looking statements include those related to our future financial and marketing results, including our 2026 product revenue guidance, our expectations for gross margins, non-GAAP adjusted EBITDA performance, and our expected expense levels, as well as our commitment to achieving GAAP profitability. Expected future growth in our growth trajectory and market opportunities, our expectations that we will deliver P&L leverage in 2026, the availability and related timing of data from clinical trials, planned regulatory submissions and

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First Solar, Inc. (FSLR) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript