Commodities

Weaker Dollar, Stable Rates Boost Gold Price on Friday

Guavy AI Editorial Team Published August 14, 2026

Instruments

Gold

The gold price has gained ground on Friday as the US dollar weakened after in-line inflation data led to expectations of no interest rate hike by the Federal Reserve next month.

Spot gold rose 0.6% to $4,376.02 per ounce by 9:09 a.m. EDT (1309 GMT), while US gold futures increased 0.3% to $4,433.90.

Jim Wyckoff, market analyst at American Gold Exchange, said the lower US dollar index is supporting gold prices today.

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