Gold futures rose slightly despite dollar headwinds. 7/20/26

Dan Deming of KKM Financial analyzes the current price action in Gold futures as the contract trades higher for a second consecutive session. While gold is holding the key 4,000 handle and reached an intraday high of 4,040, early gains have been partially pared due to headwinds from a stronger U.S. dollar and rising yields. Deming provides context on the longer-term trend, noting that despite the recent stability, prices remain just off multi-month lows dating back to November 2025. Additionally, he highlights the broader metals market, which is seeing low volatility and little change to start the trading week.

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