Story
Gold Futures Rebound 1.6% to Close Above $4,100, Snapping Losing Streak
Summary
Gold futures surged on Thursday, ending a two-day decline with their largest single-day gain since July 22. The precious metal settled above the key $4,100 level, securing a positive performance for the month of July.
Gold futures experienced a significant rebound on Thursday, snapping a two-session losing streak with the largest single-day gain in over a week. The precious metal settled above the key $4,100 per ounce level, marking its highest close since July 22.
Thursday's Trading Session
The August delivery gold contract on the Comex division of the New York Mercantile Exchange rose by $63.80, or 1.58%, to close at $4,100.10 per troy ounce. According to exchange data, this was the most significant single-day increase, in both dollar and percentage terms, since July 22.
Price in Context
AdThursday's advance pushed gold into positive territory for the month, finishing July with a 1.92% gain. However, the metal remains well below its peak performance from earlier in the year.
- Gold is currently trading 22.91% below its 52-week and all-time high of $5,318.40, which was reached on January 29, 2026.
- The price has climbed 24.50% from its 52-week low of $3,293.20, recorded on July 31, 2025.
- On a year-over-year basis, gold has risen 24.50%, according to market data.
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