Gold prices hit a two-month high as U.S
Spot gold rose 0.6% to $4,433.62 per ounce
Aug 13, 2026
10:21 am
What's the storyGold prices have surged to a two-month high, following signs of cooling consumer inflation in the United States.
The trend has reduced the chances of an immediate interest rate hike by the Federal Reserve, further boosting gold's appeal.
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Spot gold was up 0.6% at $4,023.77 per ounce by 0747 GMT, after touching its lowest level since July 1 at $3,983.29
Gold peaks at two-month high before declining as traders await inflation data, impacting Federal Reserve rate hike expectations.
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