‎Gold falls ahead of Fed meeting minutes

‎<p ><img src="https://argaamplus.s3.amazonaws.com/aa492a14-51ba-480c-830f-25c2a68d6659.png"></p> <p class="ckeCaption" ><!--StartFragment-->Gold prices edged lower as investors awaited the release of the Federal Reserve’s July meeting minutes for clues on the outlook for US interest rates<!--EndFragment--></p> <hr> <p >Gold prices turned lower during Wednesday’s trading as investors awaited the release of the Federal Reserve’s July minutes later today, seeking fresh clues about the future path of interest rates.</p> <p ></p> <p >Meanwhile, the US Dollar Index, which measures the performance of the US currency against a basket of six major currencies, edged down 0.10% to 99.54 points.</p> <p ></p> <p >Data from the CME FedWatch Tool indicate that traders are pricing in a 64% probability of interest rates remaining unchanged at the next meeting, versus a 36% probability of a rate hike.</p> <p ></p> <p >Expectations for tighter monetary policy have declined following a series of weaker-than-expected US economic data.</p> <p ></p> <p >Volatile trading comes amid ongoing geopolitical uncertainty. US President Donald Trump said on Tuesday that there are no ongoing talks with Iran and insisted that the Strait of Hormuz remains open, contradicting Iran’s assertion that the waterway is still closed to navigation.</p> <p ></p> <table border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > <p ><strong>Changes in Precious Metals Prices</strong></p> </td> </tr> <tr > <td > <p ><strong>Metal</strong></p> </td> <td > <p align="center" ><strong>Price (USD/oz)</strong></p> </td> <td > <p align="center" ><strong>Change (USD)</strong></p> </td> <td > <p align="center" ><strong>Change (%)</strong></p> </td> </tr> <tr > <td > <p ><strong>Gold (October delivery)</strong></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR">4,363.30</span></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR"><span >-24.50</span></span></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR"><span >-0.55%</span></span></p> </td> </tr> <tr > <td > <p ><strong>Gold (Spot)</strong></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR">4,343.65</span></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR"><span >+9.15</span></span></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR"><span >+0.20%</span></span></p> </td> </tr> <tr > <td > <p ><strong>Silver (September delivery)</strong></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR">62.64</span></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR"><span >-1.40</span></span></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR"><span >-2.20%</span></span></p> </td> </tr> <tr > <td > <p ><strong>Silver (Spot)</strong></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR">62.86</span></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR"><span >-0.51</span></span></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR"><span >-0.80%</span></span></p> </td> </tr> <tr > <td > <p ><strong>Platinum (Spot)</strong></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR">1,717.96</span></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR"><span >+1.36</span></span></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR"><span >+0.10%</span></span></p> </td> </tr> <tr > <td > <p ><strong>Palladium (Spot)</strong></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR">1,286.26</span></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR"><span >-4.40</span></span></p> </td> <td > <p align="center" dir="RTL" ><span dir="LTR"><span >-0.35%</span></span></p> </td> </tr> </tbody> </table> <p ><em class="ckeCaption">*As of 8:34 a.m. Mecca time.</em></p>

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Argaam - UAE News · Trade Publication

Published

19th August 2026

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argaam.com

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