• Price Change UP Icon Gold $4,652.00 +49.00
  • Price Change DOWN Icon Silver $68.96 -0.01
  • Price Change DOWN Icon Platinum $1,877.00 -5.00
  • Price Change UP Icon Palladium $1,358.00 +7.00
Precious Metals & Inflation
August 24, 2026

What pushed Gold Above $4,700 Ahead of Inflation Data?

From Giulia Petroni in 8/24 wsj.com in
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“Gold prices climb above $4,700 a troy ounce as investors await the release of key U.S. inflation data and Federal Reserve Chairman Kevin Warsh’s speech at the Jackson Hole symposium. In early European trading, New York gold futures rose 0.4% to $4,700.50 an ounce, their highest since mid-May. “The Treasury’s surprise ramp-up in buybacks of long-dated government debt revived concerns about a weaker dollar and pushed investors toward alternatives,” analysts at Saxo Bank say. Meanwhile, silver is down 0.8% to $69.01 an ounce, while platinum rises 0.6% to $1,906.50 an ounce.”

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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