Gold Prices Reach New Heights as Interest Rate Hike Fears Ease

Singapore witnessed gold prices surge for a third consecutive day on August 18, 2026. Investors are waiting for minutes from the Federal Reserve's latest meeting to gauge the monetary policy path.

The spot price of gold rose by 0.4% to $4,431.09 per ounce, while US gold futures for December delivery increased by 0.3% to $4,487.70.

Apart from gold, other precious metals also showed signs of growth. Spot silver rose by 0.8% to $66.33 per ounce, platinum inched up by 0.5% to $1,779.50, and palladium remained almost stable at $1,332.50.