Gold nears $4,650 as weaker dollar lifts bullion

PSX Update • Aug 24, 2026

Gold prices rose to their highest level in more than three months on Monday, supported by a weaker U.S. dollar as investors turned their attention to upcoming U.S. inflation data and a speech by Federal Reserve Chair Kevin Warsh later this week.

August 24, 2026 (MLN ): Gold prices rose to their highest level in more than three months on Monday, supported by a weaker U.S. dollar as investors turned their attention to upcoming U.S. inflation data and a speech by Federal Reserve Chair Kevin Warsh later this week. Currently, spot gold is up 1.02% to $4,649.95 an ounce as of [11:34 am] PST, according to data reported by Mettis Global. The dollar remained near mu...