Gold slipped on Friday but is set for its first monthly rise in five months as investors monitor developments in the Middle East. A Sukdun Financial analyst said weak US GDP data dented the dollar and supported precious metals, but the rally lacks conviction without a clear decline in US Treasury yields. The Federal Reserve left rates unchanged at its July meeting and the chair provided little guidance on next steps.

2026-07-31

Gold slipped on Friday but is set for its first monthly rise in five months as investors monitor developments in the Middle East. A Sukdun Financial analyst said weak US GDP data dented the dollar and supported precious metals, but the rally lacks conviction without a clear decline in US Treasury yields. The Federal Reserve left rates unchanged at its July meeting and the chair provided little guidance on next steps.