Gold Edges Higher on Softer Dollar Amid US Jobs Data Hopes

Singapore witnessed a marginal increase in gold prices on August 5th, 2026, as the US dollar softened. This development provided a boost to gold, which investors closely monitor for clues about future monetary policy moves by the Federal Reserve.

The price of spot gold rose by 0.1% to $4,081.09 per ounce, while US gold futures dipped 0.4% to $4,137.20. The value of other precious metals also fluctuated, with spot silver gaining 0.2% to $59.61 per ounce and palladium losing 0.4% to $1,348.00.