Gold settles at over two-month high
12/08/2026
Argaam
Gold rises ahead of US inflation data, with markets scaling back Fed rate-hike expectations
Gold prices rose on Wednesday, with the most-active contract closing at its highest level since June 4, after fresh signs of easing inflationary pressures in the US.
US consumer price inflation slowed to 3.4% in July, in line with expectations, while core inflation, which excludes food and energy prices, eased to 2.5%.
The data boosted expectations that the Federal Reserve will keep interest rates unchanged next month, while bets on a rate hike declined, supporting gold and other precious metals.
|
Gold, silver futures prices |
|||
|
Metal |
Price ($/oz) |
Change ($) |
Change (%) |
|
Gold (December futures) |
4,467.50 |
+26.40 |
+0.59% |
|
Silver (August futures) |
65.555 |
+0.786 |
+1.21% |
*Settlement prices for Aug. 12, 2026
Commodity Price
Gold
4,102.97
(46.40)
(1.11%)
Silver
59.64
(1.30)
(2.10%)
PLATINUM
1,636.70
(59.50)
(3.46%)
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