Gold Has Risen About $400 in a Year and Stays Above $4,300

Gold climbed roughly $400 an ounce over the past year to $4,399.15 on August 12, 2026 (TradingEconomics), never dipping below $4,300. Reuters shows it started at $4,330 in August 2025. Rising prices (inflation at 3% per AP) keep the Fed from cutting interest rates, while US-Iran tensions and big-bank gold purchases add lift.