Gold price shakes off early profit taking after run to 10-week high
Writer: Frik Els |
Date: 2026-08-14 18:26:00
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Gold shook off an early bout of revenue taking to commerce larger in New York on Friday, as markets settled on the view that July’s smooth inflation information has weakened the case for a September Federal Reserve charge hike.
Gold for December supply, probably the most energetic contract on the Comex, rose 0.3% to $4,435.00 an oz., recovering from an early slide to $4,365.50 and touching $4,454.60 at its intraday finest. Sellers had moved in after a rally that this week…
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