Gold's 2026 Pattern: Prices Rise on Low Inflation, Then Fade

Gold fell 0.5% to $4,330.70 on August 14, 2026, dropping for a second day after nearing a two-month peak of $4,400. The cycle repeats: low inflation sparks buying, but gains vanish when investors doubt it changes the Federal Reserve's interest-rate plans. Spot gold fell 1.2% on August 13, Reuters reported. Inflation drives headlines; rate expectations drive the trend.