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Commodities

Gold Prices Soar 3.17% to $4,193.93 Amid Market Volatility

Guavy AI Editorial Team
Instruments
Gold
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The price of gold surged on August 5, 2026, rising by 3.17% to $4,193.93 per ounce.

This marks a significant gain of $129.02 from the previous close of $4,064.91.

Over the past year, gold prices have increased by 24.20%, reaching their current level after trading at $3,376.72 on August 5, 2026.

The spot price of gold is affected by various factors including inflation expectations, central bank policy, and global economic conditions.

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