Gold prices traded lower for a second consecutive session on Thursday as investors weighed persistent U.S. inflationary pressures against signs of diplomatic progress in the Middle East over the Strait of Hormuz, a key waterway through which one-fifth of the world’s oil is transported.
Spot gold dipped 0.3 percent to $4,579.85 an ounce while U.S. gold futures were down half a percent at $4,632.44 an ounce.
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Market Analysis
Gold Edges Lower For Second Day As Investors Assess Fed Rate Path
2026-08-27 10:21:35
