Gold Up ~$400 in a Year, Holding Above $4,300

Gold rose about $400 an ounce in twelve months to $4,399.15 on August 12, 2026 (TradingEconomics), holding above $4,300. Reuters traces it from $4,330 in August 2025. Stubborn US inflation — core CPI at 3% (AP) — limits Fed rate cuts, while US-Iran tensions and central-bank buying underpin prices.