{
  "id": 1432966,
  "title": "Gold gains on weaker dollar, reduced Fed rate-hike bets",
  "url": "https://urgent.news/2026/08/17/gold-gains-on-weaker-dollar-reduced-fed-rate-hike-bets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T05:58:38.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40435163/gold-gains-on-weaker-dollar-reduced-fed-rate-hike-bets"
  },
  "original_language": "en",
  "account": "Gold prices climbed on Monday as a weaker US dollar and reduced expectations for a Federal Reserve interest rate hike fueled demand for the precious metal. Spot gold increased by 0.4% to $4,391.07 per ounce by 0248 GMT, reaching a two-month high last week. US gold futures for December delivery also rose by 0.3% to $4,448.10. The US dollar index fell 0.1%, making gold more attractive for investors holding other currencies. Analyst Tim Waterer noted that \"Gold has taken the ball and run with it to start the week, with soft inflation numbers keeping the US dollar under pressure and giving gold extra headroom to push towards the $4,400 level.\" However, a sustained move above $4,500 may require further dollar weakness or a clearer energy price pullback. Meanwhile, oil prices held gains as stalled US-Iran peace talks and slow shipping in the Hormuz Strait impacted markets. Lower interest rates decrease the opportunity cost of holding non-yielding bullion, boosting gold's appeal to investors. Traders now anticipate a 30% chance of a September rate hike, down from 47% a month ago, according to CME’s FedWatch Tool. The Federal Reserve's July meeting minutes, released on Wednesday, will provide additional insights into the central bank's monetary policy direction. Geopolitical developments, including US President Donald Trump's envoy meetings in Cairo to advance his Gaza peace plan while Israel continues airstrikes, also influenced market sentiment. Other metals, such as silver, platinum, and palladium, also saw price increases, with silver up 1.4% to $65.53 per ounce, platinum rising 0.3% to $1,752.36, and palladium gaining 1.6% to $1,333.35.",
  "summary": "Gold drifted higher on Monday , supported by a weaker dollar and recent soft economic data that reduced expectations for a US interest rate hike next month. Spot gold rose 0.4% to $4,391.07 per ounce by 0248 GMT. Prices hit a more than two-month high last week. US gold futures for December delivery edged 0.3% higher to $4,448.10. The US dollar index was down 0.1%, making greenback-priced metals…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Gold remains close to June 5 high as receding Fed hike bets undermine USD",
        "url": "https://urgent.news/2026/08/17/gold-remains-close-to-june-5-high-as-receding-fed-hike-bets-undermine",
        "published": "2026-08-17T04:27:42.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Gold gains on weaker dollar, reduced Fed rate-hike bets",
        "url": "https://urgent.news/2026/08/17/gold-gains-on-weaker-dollar-reduced-fed-rate-hike-bets-1445235",
        "published": "2026-08-17T07:25:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}