Gold Hits Record $4,417 as Fed Hike Bets Fade, Dollar Weakens

Spot gold rose 0.9% to $4,417.24 per ounce on August 17, 2026, a record, Reuters reported. U.S. futures settled 0.8% higher at $4,473.70. The metal has climbed roughly $331 from $4,086.36 on August 4 as soft U.S. jobs and inflation data reduced expectations for a Federal Reserve rate hike. A weaker dollar compounded the move for dollar-denominated bullion.