WORLD CAPITALS, (UrduPoint / Pakistan Point News / WAM – 17th Aug, 2026) 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 percent 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 percent higher to $4,448.10.
The US dollar index was down 0.1 percent, making greenback-priced metals more affordable for other Currency holders.
Among other metals, spot silver rose 1.4 percent to $65.53 per ounce. Platinum climbed 0.3 percent to $1,752.36, while palladium gained 1.6 percent to $1,333.35.
