‎Gold prices rise above $4,400 per ounce

ProcIntel Risk Index (PRI) PRI indicates how much procurement risk attention a canonical event warrants, based on its potential impact, corroboration, linked-entity criticality, geographic or regulatory exposure, and confidence in the available evidence. — 19 · Minimal Freshness: Ageing DATA QUALITY WARNING

PRI: 19 — MINIMAL Base risk 43/100 × Low confidence multiplier (0.45). Highest contributor: Significance 56/100, normalised to this factor's 40-point cap (+23 of 40). Limiting factor: Linked-entity criticality 4/100, normalised to this factor's 30-point cap -- DATA QUALITY WARNING: all linked entities data insufficient (29 points below its maximum). DATA QUALITY WARNING: all linked entities data insufficient.

Confidence multiplier Confidence limits the final PRI when evidence is uncertain. A severe but weakly supported claim cannot reach the highest PRI bands.: 0.45 (Low) · Calculated 2026-08-11 14:46:39 (vv1).

Full contribution breakdown

Procurement Impact: 23 / 40 — Significance 56/100, normalised to this factor's 40-point cap
Corroboration: 15 / 15 — 4 corroborating event(s) in this event's cluster
Entity Criticality: 1 / 30 — Linked-entity criticality 4/100, normalised to this factor's 30-point cap -- DATA QUALITY WARNING: all linked entities data insufficient
Geographic Regulatory: 4 / 15 — 1 distinct content-linked geography/geographies

Event type

Commodity price movement

UUID

6e3fe1c0-59d9-41e1-9e6e-e182f8127efa

Editorial review status

Pending (ProcIntel's own review of this record)

Event lifecycle

Breaking (the real-world state of the situation — a separate concept from review status above)

Significance

3 · Material

This type of disruption typically has a moderate procurement impact.
A single geography identified so far.
Wide breadth — linked to 4 tracked entities/organisations.
Assessed time horizon: Short-term.

Confidence

2 · Low (distinct from each article link's own extraction confidence below)

Reported only by secondary sources so far — no primary/official confirmation yet.
Reported by a single source so far — not yet independently corroborated.
Some key facts (e.g. exact date) are still missing or unconfirmed.
Evidence was last updated within the last month.

Impact direction

Neutral or Mixed (provisional default — not yet reviewed)

Occurred at

Not yet established (no explicit date was tightly bound to the matched event text)

Record type

REAL

Source Facts

‎<img src="https://argaamplus.s3.amazonaws.com/4d3237e0-8108-415c-8c4f-359ab9bd264b.png"> Gold prices climb above $4,400/oz to a more than two-month high as investors await US inflation data and reassess the Fed’s rate outlook <hr> Gold prices rose for a third consecutive session in Tuesday’s trading, reaching their highest levels in more than two months, as investors awaited US inflation data for further clues on the outlook for interest rates. Meanwhile, the US Dollar Index, which measures the performance of the US currency against a basket of six major currencies, was broadly stable at 99.81 points. Tony Sycamore, a market analyst at IG, said the rally was driven by a combination of investor buying amid fears of missing out following the previous decline below $4,000, short-covering, and renewed safe-haven inflows. He expects gold prices to reach $5,000 per ounce in the medium term, Reuters reported. Markets are awaiting the release of the US Consumer Price Index report on Wednesday, with annual inflation expected to slow to 3.4%. This follows weak July jobs data, which prompted investors to scale back their expectations of a Federal Reserve rate hike next month. <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > Changes in Prices of Selected Precious Metals </td> </tr> <tr > <td > Metal </td> <td > Price (USD/oz) </td> <td > Change (USD) </td> <td > Change (%) </td> </tr> <tr > <td > Gold (October delivery) </td> <td > 4,425.7 </td> <td > +38.6 </td> <td > +0.90% </td> </tr> <tr > <td > Gold (Spot) </td> <td > 4,399.32 </td> <td > +8.37 </td> <td > +0.20% </td> </tr> <tr > <td > Silver (September delivery) </td> <td > 65.63 </td> <td > +0.35 </td> <td > +0.55% </td> </tr> <tr > <td > Silver (Spot) </td> <td > 65.22 </td> <td > (0.53) </td> <td > (0.80%) </td> </tr> <tr > <td > Platinum (Spot) </td> <td > 1,758.10 </td> <td > +0.90 </td> <td > — </td> </tr> <tr > <td > Palladium (Spot) </td> <td > 1,383.28 </td> <td > (1.65) </td> <td > (0.10%) </td> </tr> </tbody> </table> At 8:28 a.m. Makkah time.

Linked Signals

Published	Headline	Source	Matched text	Extraction confidence	Method
2026-08-11 12:47:00	‎Gold prices rise above $4,400 per ounce	Argaam - UAE News	prices rise	95.0	high precision phrase

Linked Entities

Entity	Type	Link method	Confidence	Source article
Gold	Commodity	reused entity extraction	75.0	article
United Arab Emirates	Country	reused entity extraction	95.0	article
United States	Country	reused entity extraction	75.0	article
Federal Reserve System	Regulator	reused entity extraction	75.0	article

Spend Categories

No spend categories linked yet

Spend categories are linked by a reviewer, not assigned automatically.

Review History

Date	Action	Previous	New	Reviewer	Note
2026-08-11 14:46:39	Created	—	Commodity price movement: '\u200eGold prices rise above $4,400 per ounce' (lifecycle=Breaking)	Deterministic v1 extractor	—
2026-08-11 14:46:39	Pri Recalculated	score=None, band=None	score=1, band='Minimal'	Deterministic v1 extractor	PRI: 1 — MINIMAL Base risk 5/100 × Very Low confidence multiplier (0.15). Highest contributor: A single event -- not yet corroborated by a separate clustered event (neutral baseline, not a penalty) (+5 of 15). Limiting factor: No Significance score yet (event has no linked articles) (40 points below its maximum). DATA QUALITY WARNING: no eligible entities.
2026-08-11 14:46:39	Pri Recalculated	score=1.0, band='Minimal'	score=1, band='Minimal'	—	PRI: 1 — MINIMAL Base risk 6/100 × Very Low confidence multiplier (0.15). Highest contributor: A single event -- not yet corroborated by a separate clustered event (neutral baseline, not a penalty) (+5 of 15). Limiting factor: No Significance score yet (event has no linked articles) (40 points below its maximum). DATA QUALITY WARNING: all linked entities data insufficient.
2026-08-11 14:46:39	Article Linked	—	source_item #6359	—	—
2026-08-11 14:46:39	Significance Changed	None	3	—	—
2026-08-11 14:46:39	Confidence Changed	None	2	—	—
2026-08-11 14:46:39	Pri Recalculated	score=1.0, band='Minimal'	score=15, band='Minimal'	—	PRI: 15 — MINIMAL Base risk 33/100 × Low confidence multiplier (0.45). Highest contributor: Significance 56/100, normalised to this factor's 40-point cap (+23 of 40). Limiting factor: Linked-entity criticality 4/100, normalised to this factor's 30-point cap -- DATA QUALITY WARNING: all linked entities data insufficient (29 points below its maximum). DATA QUALITY WARNING: all linked entities data insufficient.