{
  "id": 2979309,
  "title": "Gold hits highest in three months on softer dollar and geopolitical uncertainty",
  "url": "https://urgent.news/2026/08/24/gold-hits-highest-in-three-months-on-softer-dollar-and-geopolitical-2979309",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-24T07:51:29.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/business/money/2026/08/24/gold-hits-highest-in-three-months-on-softer-dollar-and-geopolitical-uncertainty/"
  },
  "original_language": "en",
  "account": "Gold prices reached a three-month high on Monday due to a combination of a weaker dollar and heightened geopolitical uncertainty. Spot gold increased by 0.66% to $4,646.52 per ounce, continuing its recent gains. The US dollar has hit a multi-month low following an announcement of an increased bond buyback programme. Naeem Aslam, chief investment officer at Zaye Capital Markets, noted that various factors are shaping the current gold market. US President Donald Trump's threats of military intervention, his comments on US control around the Strait of Hormuz, and ongoing Canada trade negotiations have contributed to geopolitical and trade uncertainty. Gold typically sees increased demand during periods of heightened uncertainty surrounding energy supply, tariffs, inflation, and global trade relationships. US Treasury Secretary Scott Bessent stated that the war in Iran is nearing its \"end game,\" with the US planning significant economic measures against Tehran. Gold has also benefited from lower expectations for monetary policy, with markets anticipating the Federal Reserve to maintain interest rates at its September meeting. The key question is whether safe-haven demand will continue to outweigh the pressure from strong US growth and potentially higher real yields. If geopolitical risk intensifies while the dollar and real yields weaken, gold could remain supported above the $4,600 level and potentially reach recent highs. However, if trade tensions ease and strong services activity pushes yields higher, gold could consolidate without necessarily breaking its uptrend. Oil prices dropped on Monday, after rising over the previous week, as markets awaited details about the US's crackdown on Iran. Brent, the benchmark for two-thirds of the world's oil, fell by 1.41% to $93.06 per barrel, while West Texas Intermediate (WTI) decreased by 1.65% to $85.62 a barrel. Oil had gained last week due to supply concerns stemming from the war. A comprehensive, allied-backed plan to isolate Iran could tighten supply expectations and drive prices higher, while a narrower or poorly received plan could extend today's pullback. Iran's threat to block Arabian Gulf oil exports adds a tail risk to the market, as any escalation would have a sharp upside impact given the volume of crude passing through the Strait of Hormuz. Investors are also watching the Federal Reserve's annual symposium at Jackson Hole in Wyoming for guidance on future interest rates, which could impact oil markets and the dollar's trajectory.",
  "summary": "Gold prices hit their highest in about three months on Monday, as a series of factors including a weaker dollar and growing geopolitical tension boost the commodity. Spot gold was up 0.66 per cent at $4,646.52 per ounce, as of 11.20am UAE time, adding to gains of more than 5 per cent last week. The dollar is at a multi-month low after the US announced last week that it would increase its bond…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The National UAE",
        "title": "Gold hits highest in three months on softer dollar and geopolitical uncertainty",
        "url": "https://urgent.news/2026/08/24/gold-hits-highest-in-three-months-on-softer-dollar-and-geopolitical",
        "published": "2026-08-24T07:51:29.000Z"
      }
    ]
  },
  "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."
}