09:23 - 19.08.2026

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August 19, Fineko/abc.az. Spot gold rose 0.2% to $4,342.33 per ounce in early Asian trading on Wednesday, supported by a pullback in US Treasury yields following a steep decline in the previous session.

US gold futures for December delivery fell 0.6% to $4,396.30.

Key Highlights:

• Market Focus: Investors are awaiting the release of minutes from the US Federal Reserve's latest policy meeting.

• Geopolitical Tension: US President Donald Trump stated there are no talks with Iran and that the Strait of Hormuz remains open, contrasting Tehran's claim that the waterway is closed.

• Inflation Concerns: Rising energy prices threaten to stoke inflation, reinforcing expectations that the Fed may keep interest rates elevated.

• Fed Rate Expectations: According to the CME FedWatch Tool, traders see a 65% chance the Fed will hold rates steady in September and a 35% chance of a rate hike.

Other Precious Metals:

• Silver: Down 0.5% to $62.99

• Platinum: Up 0.3% to $1,717.03

• Palladium: Down 0.3% to $1,286.73