Reversing the losses from yesterday’s slump, gold prices have surged on Wednesday, with expectations of a near-term rate hike by the U.S. Federal Reserve diminishing due to the intensifying Middle East crisis. As investors anticipate a hold on interest rates by the Fed, the U.S. dollar slid today, supporting the yellow metal.
Front Month Comex Gold for September month delivery has soared by $125.80 (or 2.88%) to $4,498.00 per troy ounce.
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Market Analysis
Gold Soars As Inflation Risks Pressure U.S. Dollar Amid Ongoing U.S.-Iran Faceoff
2026-08-19 17:39:31
