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Gold (GC=F) December futures opened at $4,715.70 per troy ounce on Wednesday, August 26, 2026, up 0.5% from Tuesday's closing price. Gold pulled back from highs reached this morning to $4,674.60 per troy ounce as of 7:51 a.m. ET.
Gold opened over $4,700 for the second day, even hitting a high of $4,730.90 in early trading before pulling back below $4,700. As of 7:51 a.m. ET, the price of gold was $4,674.60.
Gold has rallied following the U.S. Treasury Department's decision to double its purchase of long-term debt, as well as relative quiet concerning tensions in the Middle East. Talks between Iran and Oman to open a shipping channel in the Strait of Hormuz even pushed Brent Crude (BZ=F) prices below $86 a barrel, down over 6% in the last five days.
With the Fed's preferred inflation gauge set to be released in a short while, and Fed Chair Warsh set to deliver a key speech on Friday, investors will get a lot more clues this week into how the Fed could handle rates following their meeting next month.
#Gold #troy #following
Gold (GC=F) December futures opened at $4,715.70 per troy ounce on Wednesday, August 26, 2026, up 0.5% from Tuesday's closing price. Gold pulled back from highs reached this morning to $4,674.60 per troy ounce as of 7:51 a.m. ET.
Gold opened over $4,700 for the second day, even hitting a high of $4,730.90 in early trading before pulling back below $4,700. As of 7:51 a.m. ET, the price of gold was $4,674.60.
Gold has rallied following the U.S. Treasury Department's decision to double its purchase of long-term debt, as well as relative quiet concerning tensions in the Middle East. Talks between Iran and Oman to open a shipping channel in the Strait of Hormuz even pushed Brent Crude (BZ=F) prices below $86 a barrel, down over 6% in the last five days.
With the Fed's preferred inflation gauge set to be released in a short while, and Fed Chair Warsh set to deliver a key speech on Friday, investors will get a lot more clues this week into how the Fed could handle rates following their meeting next month.
#Gold #troy #following
2 months ago
