Gold prices today, Tuesday, July 21, 2026: Gold hovers above $4,000 ahead of next week’s Fed meeting
Gold prices today, Tuesday, July 21, 2026: Gold hovers above $4,000 ahead of next week’s Fed meeting
Source: Yahoo Personal Finance
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DW NOTE
Gold at $4,070 is 23.5% below its January high of $5,318 — not hovering above a psychological level, falling toward one. The Fed holds rates steady with markets now pricing a September *hike*, not a cut. In that environment, gold consolidating near $4,000 after a five-month drawdown isn't a breakout watch, it's a test of whether the inflation hedge thesis still works when central banks tighten into supply shocks.