Gold climbs for third straight session on weaker dollar

PSX Update • Aug 5, 2026

Gold prices climbed for a third consecutive session on Wednesday, supported by a weaker U.S. dollar and lower oil prices, as investors awaited key U.S. labour market data for fresh signals on the Federal Reserve's interest-rate path.

August 05, 2026 (MLN): Gold prices climbed for a third consecutive session on Wednesday, supported by a weaker U.S. dollar and lower oil prices, as investors awaited key U.S. labour market data for fresh signals on the Federal Reserve's interest-rate path. Currently, spot gold is slightly up 2.51% to $4,155.47 an ounce as of [2:58 pm] PST, according to data reported by Mettis Global. A softer dollar made gold more a...