09:46 - 27.08.2026

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August 27, Fineko/abc.az. Gold prices rose backed by US budget deficit concerns and expectations of a weaker dollar.

Spot gold gained 0.8% to $4,630.09 per ounce, while US gold futures rose 0.7% to $4,685.50.

Market focus centers on Fed Chair Kevin Warsh's upcoming speech at the Jackson Hole symposium. Traders currently price in a 36.5% chance of a rate hike in September and a 72.7% probability by December.

Among other precious metals, spot silver jumped 1.7% to $69.28, platinum rose 1.1% to $1,848.57, and palladium gained 0.5% to $1,334.49.