09:33 - 26.08.2026

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August 26, Fineko/abc.az. Gold prices traded flat on Wednesday after touching a three-month high in the previous session. Market participants are turning their focus toward upcoming U.S. Personal Consumption Expenditures (PCE) inflation data — the Federal Reserve’s preferred inflation metric — alongside Fed Chair Kevin Warsh’s scheduled address at the Jackson Hole Economic Symposium.

• Price Movements: Spot gold held steady at $4,652.39 per ounce. U.S. gold futures edged up 0.3% to $4,709.20. Spot silver gained 0.7% to $69.09, platinum rose 0.6% to $1,869.22, and palladium advanced 1.4% to $1,345.30.

• Key Drivers: Bullion received support following the U.S. Treasury's announcement to expand its buyback program for long-term bonds. Conversely, oil prices faced downward pressure after Iran announced the resumption of talks with Oman regarding the Strait of Hormuz.

• Market Outlook: Softening employment data has led money markets to price in a 63.6% probability that the Fed will leave interest rates unchanged in September (according to CME FedWatch). Softer inflation figures combined with a balanced or dovish tone from Kevin Warsh could further enhance the appeal of non-yielding gold.