Gold prices fell toward $4,100 an ounce on Tuesday on the back of firm U.S. yields and a steady dollar.
Spot gold fell 0.9 percent to $4,127.89 an ounce while U.S. gold futures were down 0.7 percent at $4,138.74.
The dollar strengthened on safe-haven demand after reports suggested that two commercial vessels were struck by Iranian missiles while transiting the Strait of Hormuz late Monday, reigniting Middle East tensions and pushing oil and bond yields higher.
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Market Analysis
Gold Edges Lower Amid Hormuz Tensions
2026-07-07 09:57:13
