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fxJul 23, 2026, 2:40 AM

Gold Snaps Recovery, Struggles Above $4,100 Amid Widening Middle East Conflict

Gold prices are slipping early Thursday, pulling back from a recent recovery as the widening Middle East conflict raises caution among traders. The metal is struggling to hold above the $4,100 level.

XAUUSD

Gold (XAU/USD) has reversed its recent gains, trading under pressure near $4,100 early Thursday. The escalation of the Middle East conflict is prompting a cautious stance, weighing on the precious metal.

Technical indicators also point to resistance, adding to the cautious outlook. Traders are monitoring geopolitical developments for further direction.

Source: FXStreet Forex News