TOTAL VOLUME:
$134b
24H VOL:
$107,351,958
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,416,970,024
400,720
Markets across
30,097
events
MATCHED EVENTS:
2,633
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 20, 5:00 PM EST
Kalshi
This event group tracks whether the gold price (XAUUSD) closes higher or lower on July 20, 2026. Kalshi offers 40 binary markets at specific price thresholds (3798–4188 USD/t.oz), while Polymarket offers a single relative comparison market (Up vs Down versus the prior trading day's close).
This market will resolve to "Up" if the Close price for Gold (XAUUSD) on July 20, 2026 is higher than the Close price for Gold (XAUUSD) on the most recent prior trading day. This market will resolve to "Down" if the Close price for Gold (XAUUSD) on July 20, 2026 is lower than the Close price for Gold (XAUUSD) on the most recent prior trading day. E.g., ordinarily, a market on Monday would refer to the previous Friday for its most recent closing price, unless Friday were not a trading day under the applicable trading-hours schedule, in which case it would refer to the next most recent prior trading day. If the two specified closing prices are exactly equal, this market will resolve 50-50. Closing prices will be used exactly as published by Pyth, without rounding. If Gold (XAUUSD) does not trade at all during the relevant trading session, the market will resolve 50-50. Trading days will be determined according to the applicable trading-hours schedule as listed on Pyth. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours trading-hours as listed on Pyth. If a listed date is not a trading day under the applicable trading-hours schedule as listed on Pyth, this market will resolve 50-50. For each trading day, the closing price refers to the Pyth "Close" value of the 1-minute candle timestamped 4:59 PM ET on that date. If either of the relevant days has no valid Pyth Close value for the 1-minute candle timestamped 4:59 PM ET, the market will use the last valid Pyth price achieved prior to 4:59 PM ET during that trading day as the effective closing price. If no valid Pyth price exists for that trading day due to a system outage, data failure, or other technical disruption, the closing price for that day may be determined using the official daily close price of the CME COMEX Gold Futures (GC) futures contract for that trading day. Only prices achieved during the applicable trading session will be considered. In the event of a contract specification change, feed change, or similar structural modification affecting the market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth. The resolution source for this market will be Pyth, specifically the "Close" values for the relevant 1-minute candle available at https://pythdata.app/explore/Metal.XAU%2FUSD. Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
Settlement is determined by comparing the 1-minute candlestick close price for gold on July 20, 2026 at 5:00 PM EDT against multiple price thresholds ranging from $3,798 to $4,188 USD per troy ounce, each in $10 increments. The close price represents the price at the end of the immediately preceding one-minute interval (e.g., the 4:59 PM candlestick closes at 5:00:00 PM). All settlement values are rounded to the nearest 2 decimal places. If no data is published by the specified source agency for the specified time, the most recently available published data will be used to resolve the market.
Prediction markets like those tracked here differ from traditional analyst forecasts because they aggregate real-money bets rather than individual opinions. Traders who get the call wrong lose capital, creating a financial incentive for accuracy that many analysts lack. This market's odds reflect live, crowdsourced conviction weighted by skin-in-the-game stakes. While sell-side research may offer deeper fundamental analysis, prediction markets often outperform on binary outcomes because they penalize overconfidence and reward calibration. Comparing both sources—market odds and analyst commentary—typically yields the most robust view of gold's likely direction.
Federal Reserve policy announcements and interest-rate expectations are primary drivers—higher rates typically weigh on gold, while rate cuts support it. Inflation data, dollar strength, and geopolitical tensions all influence precious-metal demand. Central bank gold purchases or sales, especially from major economies, can shift sentiment quickly. Economic recession fears tend to boost safe-haven demand for gold. Earnings reports from mining companies and shifts in real yields also move the needle. Tracking these catalysts helps you anticipate when this market's odds may shift and when entry or exit points become attractive.