The price of gold falls below the $4,000 per ounce mark.

Local time on the 16th, as tensions in the Middle East escalated and inflation worries increased, international gold and silver prices continued to decline during the US trading session, with both gold futures and spot prices falling below $4,000 per ounce. As of 9:15 PM Beijing time on the 16th, the price of gold futures for August delivery on the New York Mercantile Exchange was $3,995.28 per ounce, down 1.39%; the price of silver futures for September delivery was $56.14 per ounce, down 2.25%. The spot price of gold was $3,993.33 per ounce, down 1.65%; the spot price of silver was $55.899 per ounce, down 3.24%.