A retreat in the dollar index has pushed gold back above the $4,100 mark. The Bosera Gold ETF rose 0.14%. As of 1:21 p.m. on July 10, 2026, the ETF's latest price was 8.54 yuan, with a cumulative gain of 0.82% over the past week. International precious metals futures broadly closed higher, with COMEX gold futures up 1.23% at $4,132.60 per ounce. Expectations of a downward revision in the Federal Reserve's core inflation reading supported a dovish stance, while safe-haven sentiment amid Middle East tensions also lent support to gold prices. Institutions noted that although gold has held above $4,100, it will remain in wide-ranging fluctuations during the summer due to three headwinds: inflation pushed up by the U.S.-Iran conflict, expectations of Fed rate hikes, and the physical consumption off-season. After the third quarter, as the market scales back tightening expectations and the Asian gold consumption peak season arrives, gold prices are expected to resume their upward trend.
