Gold Price Jumps 4.4% to a Near-High

Gold's price rose 4.4% to $4,253.36 an ounce on August 5, 2026, Reuters reported — near its highest since June. Over two days gold gained 5.5%, rebounding from an August 3 drop to $4,030.34. A weaker dollar makes gold cheaper abroad, lifting demand. Traders also bought gold before U.S. jobs data and after reports Trump delayed an Iran attack.