Gold Hits Record High as Economy Cools

Gold hit a record $4,417.24 per ounce on August 17, 2026, Reuters reported, up 0.9%. Futures rose 0.8% to $4,473.70. Gold has gained about $331 since August 4 as weak jobs and inflation data made investors doubt the Federal Reserve would raise interest rates. A weaker dollar also helped, since gold is priced in dollars.