Gold prices have edged higher on Monday, adding to the three previous sessions of gains, as crude oil tumbles as the U.S. readies for a crushing economic blockade on Iran. Reports also indicated the U.S. Treasury could use General Account funds to buy back long-term bonds, which triggered concerns of the U.S. dollar weakening.
Front Month Comex Gold for September month delivery has inched higher by $13.20 (or 0.29%) to 4,641.50.
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Market Analysis
Gold Advances Amid Crude Oil Slump, Treasury Plans To Use General Account Funds
2026-08-24 17:43:42
