Global Gold Rises to $4,395 as Dollar Weakens; Fed Rate Hike Odds Fall to 30%

According to Bourse News, citing Tasnim News Agency and Reuters, gold prices edged higher on Monday, 26 Mordad 1405 (August 17, 2026), as the dollar weakened and recent economic data reduced expectations for a US interest rate hike next month. Spot gold rose about 0.4 percent to 4,395 dollars an ounce, after hitting its highest level in more than two months last week. US gold futures for December delivery rose 0.3 percent to 4,448.10 dollars, while the US dollar index fell 0.1 percent.

Per the CME Group's FedWatch tool, traders now put the probability of a Fed rate hike at the September meeting at 30 percent, down from 47 percent a month earlier; markets are also awaiting the release of the Fed's July meeting minutes on Wednesday. Among other metals, spot silver rose 1.4 percent to 65.53 dollars, platinum gained 0.3 percent to 1,752.36 dollars, and palladium rose 1.6 percent to 1,333.35 dollars.