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GOLD RECLAIMS $4,500-MARK ON FED RATE UNCERATINTY

Published on Aug 12, 2026 15:35

Gold prices moved closer to $4,500 an ounce in Asian electronic trading on Wednesday, recovering losses from the previous session as investors prepared for important US inflation data. This data could influence the Federal Reserve`s rate decision in September, with high oil prices adding a cautious outlook. Additionally, gold is supported by strong central-bank purchases, including 640,000 troy ounces bought by the People’s Bank of China in July, marking the largest increase since 2023 and continuing a 21-month buying trend.