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Commodities

Gold Poised for First Monthly Gain in Five Months Amid Weekly Rally

Guavy AI Editorial Team
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Gold
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Gold prices are poised for their first monthly gain in five months, despite trading slightly lower on Friday. According to recent reports, spot gold dipped by 0.2 percent to $4,096.29 per ounce at 01:07 GMT.

This slight decrease, however, is not expected to impact the overall trend as gold remains headed for a weekly rise of 1.1 percent.

Meanwhile, US gold futures for August delivery saw a marginal gain of 0.1 percent to $4,094.10 per ounce.

The World Gold Council's quarterly report also revealed that Kazakhstan has become one of the world's top five gold buyers in Q2 2026.

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