---
title: "Gold Market Outlook – July 2026"
site: "Monex Precious Metals"
domain: "https://www.monex.com/"
type: "Post"
last_updated: "July 16, 2026"
canonical_url: "https://www.monex.com/gold-market-outlook-july-2026/"
markdown_url: "https://www.monex.com/gold-market-outlook-july-2026.md"
---

# Gold Market Outlook – July 2026

Gold Price Outlook

“Gold prices weakened during June more strongly than expected. Gold prices slipped to an intraday low of $3,955.30 on 30 June. This was the lowest level that gold prices have touched so far in 2026. Prices rebounded from these lows in the early days of July. That said, prices remained in the shorter term downtrend that has been in place since the end of January 2026. 

Prices are expected to move sideways to lower in the near term, before making a move higher later in the calendar year. Prices are in the midst of a seasonally weak period for the metal. Additionally, markets also are adjusting to the likelihood that interest rates are not likely to decline any further and could potentially rise in the coming months if inflation continues to remain problematic. Earlier this year, markets were expecting lower rates. Until the market fully adjusts to the new interest rate expectations prices could remain under pressure. 

While there is short-term pressure on prices, the longer term reasons for owning gold in one’s portfolio have not changed. This should help to keep gold prices at historically elevated levels in the coming months.”

 

The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, [www.cpmgroup.com](https://cpmgroup.com/store/)