Gold prices today, Tuesday, July 14, 2026: Iran crisis drives prices lower

On Tuesday, July 14, 2026, gold and silver prices declined as the Iran crisis intensified. Silver prices dropped to levels seen in December 2025 following the reinstatement of a blockade by Trump. Market dynamics are currently influenced by geopolitical tensions and potential Fed rate hikes, which are impacting safe-haven perceptions and asset allocation. These combined factors have driven the downward trend for both precious metals amidst the escalating conflict and shifting economic policies.