Gold prices today, Wednesday, July 1: Prices remain below $4,100, but could have

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Gold August (GC=F) futures opened at $4,025 this morning, Wednesday, July 1, 2026, down 0.3% compared to Tuesday's closing price. The price of gold was firming this morning, moving up to $4,046.60 as of 8:03 a.m. ET.

Last week we wrote, "Gold prices opened at their lowest level so far this week and are sliding further this morning." Since last Wednesday, gold prices have continued to trend lower to levels last seen in 2025.

But despite this sliding trend, some analysts predict gold is "not done," with plenty of potential for prices to increase as the year moves on.

Analysts at JP Morgan recently wrote that they expect gold to rise as high as $6,000 this year due to ongoing central bank demand, with the biggest threat to prices coming from potential Fed rate increases:

As a result, Fed policy could significantly shape the trajectory of gold prices. "The most significant bearish risk to our view is a macro scenario where U.S. growth and employment remain buoyant but inflation continues to accelerate, solidifying a F

Fuente original: Yahoo Finance (https://finance.yahoo.com/personal-finance/investing/article/gold-prices-today-wednesday-july-1-prices-remain-below-4100-but-could-have-plenty-of-room-to-rise-120518468.html)