- August 5, 2026
- Posted by: Tresmark
- Category:
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Gold prices rose for a third consecutive session on Wednesday, supported by a weaker US dollar and lower oil prices, as investors awaited upcoming US employment data for clues on the Federal Reserve's interest rate path.
Spot gold gained 1.3% to USD 4,127.04 per ounce, while US gold futures rose 0.8% to USD 4,184.40.
Market sentiment was also supported by easing geopolitical concerns after Qatar reported progress in mediation efforts to end the US-Iran conflict, while investors monitored comments from Federal Reserve officials for further guidance on monetary policy.
