Singapore, 17 August 2026 – Gold prices held steady near the key psychological threshold of $4,400 per ounce on Monday as financial market participants assessed the conflicting macroeconomic implications of moderating United States economic activity against persistent energy-driven inflationary risks on the Federal Reserve’s monetary policy trajectory.
Spot gold traded around $4,376 per ounce in early Asian trading sessions after concluding the previous week with an advance of nearly 1.0 percent. The recovery of the precious metal above the $4,000 baseline in recent weeks has been driven by sustained safe-haven capital inflows, renewed speculative interest, and steady physical accumulation by sovereign central banks, particularly the People’s Bank of China. Technical indicators reflect the firm underlying momentum, with bullion maintaining its position above its 100-day moving average for the first time since April.
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