Gold Price Steadies After Reaching Over Two-Month High

17:29 - 11.08.2026


August 11, Fineko/abc.az. Gold prices stabilized on Tuesday after touching a more than two-month high earlier in the session, as investors awaited upcoming U.S. inflation data for direction on the Federal Reserve's interest rate trajectory.

Key Market Highlights:

  • Spot Gold: Reached $4,434.84 per ounce—its highest since June 5—before steadying around $4,386.13.

  • U.S. Futures: Gold futures gained 0.6% to reach $4,444.70.

  • Treasury Yields: Benchmark U.S. 10-year Treasury yields climbed to a one-week high, raising the opportunity cost of holding non-yielding bullion.