Gold prices fall to their lowest level since early August
Translated from Russian and summarized by DistantNews. Read the original for the full story.
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- December gold futures on COMEX fell 1.53% to $4,329.20 an ounce on Sept. 2, their lowest level since Aug. 7.
- Gold prices declined for a fourth consecutive day as fighting escalated in the Middle East and inflation concerns pushed up bond yields and interest-rate expectations.
- Prices reached a record $5,626.80 an ounce on Jan. 29 before falling below $4,000 in June.
Gold prices have fallen for a fourth straight day, with December futures on the COMEX exchange dropping 1.53% on Wednesday to $4,329.20 per ounce.
The price marked gold’s lowest level since Aug. 7, when it last traded below $4,330 an ounce. The decline came as fighting escalated in the Middle East and concerns about inflation helped drive bond yields higher. Those moves also strengthened expectations of interest-rate increases, according to the cited reports.
Gold had a powerful run through 2025 and into the beginning of 2026. The metal reached a record $5,626.80 per troy ounce on Jan. 29. It then entered a correction, falling below $4,000 in June.
About this summary
Originally published by 24.kg in Russian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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