‎Gold prices fall more than 1% on profit-taking

‎<p><img src="https://argaamplus.s3.amazonaws.com/b2f07c83-93de-41f2-9037-4d7096d5b1b3.png" ></p> <p class="ckeCaption">Gold bars</p> <hr> <div data-olk-copy-source="MessageBody"> <p >Gold futures prices fell more than 1% in today’s trading, Aug. 14, heading for a weekly decline amid profit-taking after moderate US inflation data pushed the precious metal to its highest level in more than two months.</p> <p ></p> <p >Meanwhile, the US Dollar Index, which measures the greenback against a basket of six major currencies, edged down 0.10% to 99.86 points.</p> <p ></p> <p >The decline came after data showed <a href="https://www.argaam.com/en/article/articledetail/id/1929392" target="_blank">US producer prices</a> were unchanged month-on-month in July, while <a href="https://www.argaam.com/en/article/articledetail/id/1929029" target="_blank">consumer prices</a> edged higher as gasoline costs fell for the second consecutive month.</p> <p ></p> <p >This pushed the probability of a September rate hike down to 35%, from 55% a week earlier, according to the CME FedWatch Tool.</p> <p ></p> <p >Markets are also awaiting the University of Michigan’s preliminary reading of US consumer sentiment for August, after the index rose to 55.2 points in July from 49.5 points in June, along with its inflation expectations, which fell to 4.2% from 4.6%.</p> <p ></p> <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > <p ><strong><span >Precious metals prices</span></strong></p> </td> </tr> <tr > <td > <p ><strong><span >Metal</span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >Price ($/oz)</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span >Change ($)</span></strong></p> </td> <td > <p align="center" ><strong><span >Change (%)</span></strong></p> </td> </tr> <tr > <td > <p ><strong><span >Gold (October futures)</span></strong></p> </td> <td > <p align="center" ><span >4,340.5</span></p> </td> <td > <p align="center" ><span >(46.8)</span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span >(1.05%)</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span >Gold (spot)</span></strong></p> </td> <td > <p align="center" ><span >4,318.29</span></p> </td> <td > <p align="center" ><span >(32.10)</span></p> </td> <td > <p align="center" ><span >(0.75%)</span></p> </td> </tr> <tr > <td > <p ><strong><span >Silver (September futures)</span></strong></p> </td> <td > <p align="center" ><span >63.98</span></p> </td> <td > <p align="center" ><span >(1.02)</span></p> </td> <td > <p align="center" ><span >(1.55%)</span></p> </td> </tr> <tr > <td > <p ><strong><span >Silver (spot)</span></strong></p> </td> <td > <p align="center" ><span >63.82</span></p> </td> <td > <p align="center" ><span >(0.67)</span></p> </td> <td > <p align="center" ><span >(1%)</span></p> </td> </tr> <tr > <td > <p ><strong><span >Platinum (spot)</span></strong></p> </td> <td > <p align="center" ><span >1,711.61</span></p> </td> <td > <p align="center" ><span >(7.50)</span></p> </td> <td > <p align="center" ><span >(0.45%)</span></p> </td> </tr> <tr > <td > <p ><strong><span >Palladium (spot)</span></strong></p> </td> <td > <p align="center" ><span >1,305.42</span></p> </td> <td > <p align="center" ><span >(6.23)</span></p> </td> <td > <p align="center" ><span >(0.50%)</span></p> </td> </tr> </tbody> </table> <div ><em class="ckeCaption">*Prices as of 8:27 a.m. Makkah time.</em></div> </div>

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Argaam - Main News · Trade Publication

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14th August 2026

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