Gold Prices Jumped 13% in a Month, Then Dipped

Gold prices rose about 13% in under a month, from $4,105 to $4,680.70 on August 24 — a three-month high. The reason: investors bet the Federal Reserve would stop raising interest rates, which weakens the dollar and makes gold more attractive. Prices dipped August 25 as borrowing costs and oil prices climbed. Fed Chair Kevin Warsh speaks Friday at the Jackson Hole conference (Aug. 27–29).