Gold up 30.65% in a year despite a sharp spring sell-off

Gold traded at $4,334 per ounce on August 18, 2026, up 30.65% year-on-year, per Trading Economics. Prices fell from $4,734 in April below $4,000 in June — four monthly declines as investors bet the Fed would raise interest rates, Reuters reported — then climbed back above $4,300 by August as the dollar weakened and rate-hike bets faded.