‎Gold prices fall more than 1% on profit-taking

Source: Argaam - Main News
Source link: https://www.argaam.com/en/article/articledetail/id/1929384
Published: 2026-08-14 09:18:00
Discovered by ProcIntel: 2026-08-14 08:34:16
Category: GCC Spotlight
Geography: Saudi Arabia
Organisations: —
Review status: Pending
Record type: REAL

Summary

‎<img src="https://argaamplus.s3.amazonaws.com/b2f07c83-93de-41f2-9037-4d7096d5b1b3.png" > Gold bars <hr> <div data-olk-copy-source="MessageBody"> 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. Meanwhile, the US Dollar Index, which measures the greenback against a basket of six major currencies, edged down 0.10% to 99.86 points. 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. This pushed the probability of a September rate hike down to 35%, from 55% a week earlier, according to the CME FedWatch Tool. 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%. <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > Precious metals prices </td> </tr> <tr > <td > Metal </td> <td > Price ($/oz) </td> <td > Change ($) </td> <td > Change (%) </td> </tr> <tr > <td > Gold (October futures) </td> <td > 4,340.5 </td> <td > (46.8) </td> <td > (1.05%) </td> </tr> <tr > <td > Gold (spot) </td> <td > 4,318.29 </td> <td > (32.10) </td> <td > (0.75%) </td> </tr> <tr > <td > Silver (September futures) </td> <td > 63.98 </td> <td > (1.02) </td> <td > (1.55%) </td> </tr> <tr > <td > Silver (spot) </td> <td > 63.82 </td> <td > (0.67) </td> <td > (1%) </td> </tr> <tr > <td > Platinum (spot) </td> <td > 1,711.61 </td> <td > (7.50) </td> <td > (0.45%) </td> </tr> <tr > <td > Palladium (spot) </td> <td > 1,305.42 </td> <td > (6.23) </td> <td > (0.50%) </td> </tr> </tbody> </table> <div >*Prices as of 8:27 a.m. Makkah time.</div> </div>

Possibly the same underlying story as Gold Prices Fall 1 Percent on Profit-Taking After Two-Month High — flagged automatically for review, never merged automatically.

Procurement Relevance Gate

PASS — score 22.8/100 — evaluated 2026-08-14 08:34:16

Passed on: commodity_or_input_impact, geographic_exposure (score 22.8/100, threshold 20.0).

commodity_or_input_impact (weight 12) — matched on "metal"
geographic_exposure (weight 8) — matched on "1 linked geography"

Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.

Initial Significance: 2 · Moderate (22.0/100)
Initial Confidence: 2 · Low (39.0/100)
Data sufficiency Whether enough structured evidence exists to trust this Signal's Initial Confidence reading. 'Sufficient' has no cap; 'Partial' and 'Insufficient' cap Confidence until more evidence is available; 'Not Assessed' means the Signal did not pass the Relevance Gate.: Partial
Strongest contributor: Procurement Impact
Limiting factor: Likely Event Severity

Initial Significance Moderate (22.0/100). Strongest contributor: Procurement Impact (6.0/30 points). Limiting factor: Likely Event Severity (3.0/30 points). Initial Confidence Low (39.0/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Extraction Quality (3.0/15 points).

No likely Event type matched; a low contextual baseline was applied.
Entity Criticality data quality warning: all_linked_entities_data_insufficient.
no matched Event type
no actor entities (only attribution/metadata, if any)
no actor content-derived geography
Entities were mentioned as context or document attribution rather than as actors in the reported development, so they did not increase Initial Confidence.
Geographies were mentioned only in diplomatic reaction, commentary or background context rather than as the actor, event location or affected party in the reported development, so they did not increase Initial Confidence.
Only source-level geography metadata was available.
Source metadata did not contribute to Initial Confidence.

Methodology signal_scoring_v1 — calculated 2026-08-14 08:34:16.

‎Gold prices fall more than 1% on profit-taking

Summary

Procurement Relevance Gate

Initial Signal Assessment ⓘMore about Initial Signal AssessmentProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.