Gold gains on weaker dollar, reduced Fed rate-hike bets
- Last updated: August 17, 2026 | 16:17
Picture used for illustrative purposes.
Gold drifted higher on Monday, supported by a weaker dollar and recent soft economic data that reduced expectations for a US interest rate hike next month.
Spot gold rose 0.4 per cent to $4,391.07 per ounce by 0248 GMT. Prices hit a more than two-month high last week.
US gold futures for December delivery edged 0.3 per cent higher to $4,448.10.
The US dollar index was down 0.1 per cent, making greenback-priced metals more affordable for other currency holders.
Among other metals, spot silver rose 1.4 per cent to $65.53 per ounce. Platinum climbed 0.3 per cent to $1,752.36, while palladium gained 1.6 per cent to $1,333.35.
WAM