Gold Reaches $4,400 as Dollar Eases and Iran Ceasefire Collapses

Spot gold rose 0.6% to $4,400.15 per ounce on August 17, 2026, per Reuters. A weaker dollar and fading expectations of Fed rate hikes cut the opportunity cost of holding non-yielding bullion. The collapse of the U.S.-Iran ceasefire — no 60-day extension, a shipping blockade reimposed in July — added a safe-haven premium.