Gold Crosses $4,000 as Investors Flee Risk Amid Gulf Tensions and Chip Sell-Off

Spot gold rose 0.9% to $4,004.61 per ounce on July 16, 2026, breaching the $4,000 mark for the first time. The 10-year Treasury yield eased to roughly 4.54% on July 17, down two basis points. The dual bid for gold and long-duration Treasuries reflects a risk-off rotation driven by Gulf tensions, oil-driven inflation worries, and a semiconductor sell-off rippling through global equities.