Gold Surges Past $4,400 as Global Markets Witness Bullish Breakout
On August 12, 2026, international precious metal markets witnessed a powerful bullish breakout as spot gold surged past the crucial $4,400 resistance benchmark. According to live market metrics from TradingView, spot gold (CFDs on Gold US$ / OZ) jumped by +$31.53 (+0.72%), trading at $4,401.52 USD per ounce after hitting an intraday high of $4,416.00.
The aggressive buying momentum in global markets is backed by continuous investor accumulation. Silver also recorded a strong session, rallying over 1.04% to trade around $65.31 per ounce. Energy markets saw modest gains with US WTI crude rising to $83.78 and Brent crude touching $92.15 per barrel.
A massive $31+ per ounce jump in international gold is anticipated to trigger another price hike across local sarafa markets in Pakistan. The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) will update official rates this afternoon to reflect the global rally.