"Gold rose to 3,983.86 USD/t.oz on July 17, 2026, up 0.19% from the previous day" after GLD's sharp 2% drop on Thursday (372.35 → 364.96). Escalating US–Iran tension driving oil higher plus a fresh equity risk-off wave gives gold a modest bid, so a small bounce off yesterday's washout looks more likely than a third leg down.