Gold edges higher to $4,397 on weaker dollar
Gold prices moved higher on Monday, supported by a softer US dollar and recent weak economic data that dampened expectations of a US interest rate hike next month.
August 17, 2026 (MLN): Gold prices moved higher on Monday, supported by a softer US dollar and recent weak economic data that dampened expectations of a US interest rate hike next month. Currently, spot gold is up 0.48% to $4,396.68 an ounce as of [11:26 am] PST, according to data reported by Mettis Global. An unexpected drop in US nonfarm payrolls for July, together with data pointing to only modest consumer price...