- Slowing US economic data weakened expectations for additional Fed rate hikes, helping gold prices extend their two-day advance near $4,420 an ounce.
- Dollar weakness, fading rate-hike expectations and concerns over the US fiscal burden are supporting investors' demand for gold.
- Increased central-bank gold buying led by China, along with the FOMC minutes and monetary-policy remarks at the Jackson Hole symposium, are in focus as key factors for gold prices.
Gold Holds Near $4,420 as Fed Hike Bets Recede, Dollar Weakens
Gold held near $4,420 as expectations for further Federal Reserve rate hikes eased and the U.S. dollar weakened. The market moves pointed to continued support for the precious metal amid shifting monetary-policy expectations.
bloomingbit
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Aug 18, 2026 at 2:49 AM UTC · 2 phút đọc

Key Signal
$4,420/oz Spot gold trading level
Last Updated
2 ngày trước
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Gold held near $4,420 an ounce after extending gains over the previous two sessions, as a string of weaker-than-expected US economic reports undermined expectations for additional Federal Reserve rate increases.
Spot gold traded around $4,420 an ounce on Aug. 17, according to Bloomberg. Bullion rose about 1.5% over the prior two trading sessions and was up 0.2% at $4,425.80 an ounce as of 8:05 a.m. in Singapore.
Softer US economic data has weighed on the dollar and lent support to gold. Bloomberg's dollar spot index fell for a fourth straight session to its lowest level since May. In the rates swaps market, traders have also scaled back the odds of another increase this year after fully pricing in an additional hike as recently as a week ago.
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