{
  "id": 2953420,
  "title": "Gold hits over 3-month high ahead of US inflation data, Fed chair speech",
  "url": "https://urgent.news/2026/08/24/gold-hits-over-3-month-high-ahead-of-us-inflation-data-fed-chair-2953420",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T05:43:12.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40436275/gold-hits-over-3-month-high-ahead-of-us-inflation-data-fed-chair-speech"
  },
  "original_language": "en",
  "account": "Gold prices surged to their highest level in over three months on Monday as a weaker dollar provided support to the precious metal. The spot price of gold rose 0.5%, reaching $4,627.42 per ounce, after surging over 5% last week. US gold futures also gained 0.1%, closing at $4,683.80. The dollar's wobble lingered near multi-month lows as the US Treasury announced plans to repurchase long bonds. Analyst Tim Waterer noted that the softer dollar has made gold more attractive to investors holding currencies other than the US dollar. Gold is expected to benefit from the upcoming release of key US inflation data and Federal Reserve Chair Kevin Warsh's speech at the upcoming Jackson Hole symposium. Traders will be closely monitoring the tone of Warsh's speech and its alignment with recent developments in the bond market. A cautious approach that leaves room for policy flexibility could help gold continue its upward trajectory. Meanwhile, elsewhere, the US has warned Iran of \"the greatest financial offensive ever marshalled\" in preparation for targeted economic sanctions against Iran's trading partners. This has led to a slight dip in oil prices as investors reap profits before the anticipated announcement. In other precious metals, silver dipped 0.3% to $68.76 per ounce, while platinum and palladium fell by 0.5% and 0.3%, respectively, to $1,868.03 and $1,345.87.",
  "summary": "Gold prices hit their highest levels in more than three months on Monday as a subdued dollar lent support, while focus shifted to key US inflation data and a speech later this week by Federal Reserve Chair Kevin Warsh. Spot gold was up 0.5% at $4,627.42 per ounce, as of 0155 GMT, after hitting its highest level since May 15 earlier in the session. Prices gained more than 5% last week. US gold…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Gold hits over 3-month high ahead of US inflation data and Fed chair speech",
        "url": "https://urgent.news/2026/08/24/gold-hits-over-3-month-high-ahead-of-us-inflation-data-and-fed-chair",
        "published": "2026-08-24T00:39:39.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Gold hits over 3-month high ahead of US inflation data, Fed chair speech",
        "url": "https://urgent.news/2026/08/24/gold-hits-over-3-month-high-ahead-of-us-inflation-data-fed-chair",
        "published": "2026-08-24T03:00:45.000Z"
      },
      {
        "outlet": "Ajel English",
        "title": "Gold hits three-month high as investors await US inflation data",
        "url": "https://urgent.news/2026/08/24/gold-hits-three-month-high-as-investors-await-us-inflation-data",
        "published": "2026-08-24T03:33:18.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Gold hits over 3-month high ahead of US inflation data, Fed chair speech",
        "url": "https://urgent.news/2026/08/24/gold-hits-over-3-month-high-ahead-of-us-inflation-data-fed-chair-2934259",
        "published": "2026-08-24T03:39:42.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "India Gold price today: Gold rises, according to FXStreet data",
        "url": "https://urgent.news/2026/08/24/india-gold-price-today-gold-rises-according-to-fxstreet-data",
        "published": "2026-08-24T04:36:17.000Z"
      },
      {
        "outlet": "Business Standard IN",
        "title": "Gold hits over 3-month high ahead of US inflation data, Fed chair speech",
        "url": "https://urgent.news/2026/08/24/gold-hits-over-3-month-high-ahead-of-us-inflation-data-fed-chair-2971493",
        "published": "2026-08-24T07:15:37.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Gold hits over 3-month high ahead of US inflation data, Fed chair speech",
        "url": "https://urgent.news/2026/08/24/gold-hits-over-3-month-high-ahead-of-us-inflation-data-fed-chair-2980894",
        "published": "2026-08-24T08:09:12.000Z"
      }
    ]
  },
  "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."
}