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Gold prices steady as markets await progress in Middle East talks
Finance
- 05 August, 2026
- 09:51
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Gold prices stabilized as traders weighed signs of progress in diplomatic efforts in the Middle East.
According to Report, trading data showed that gold futures rose above $4,200 per troy ounce for the first time since July 6, gaining more than 1%.
Silver also advanced 2.1% to $61.5 per troy ounce.
At the same time, markets are pricing in a 57% probability that the US Federal Reserve will raise interest rates at its September 15–16 policy meeting.
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