Gold prices jump 9% in August amid weaker dollar and easing Fed rate hike bets

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Commodities

14 August 2026 at 10:47 pm

Gold prices jump 9% in August amid weaker dollar and easing Fed rate hike bets

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Summary

Gold prices surged by 9% in August, reaching $4,397 an ounce, driven by easing US Fed rate hike expectations and a weaker dollar. This gain occurred despite remaining below January's all-time high of $5,602.

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