Gold Hits Record $4,417 as Fed Rate-Hike Bets Recede

Spot gold rose 0.9% to $4,417.24 per ounce on August 17, 2026, Reuters reported — a record. Futures settled 0.8% higher at $4,473.70. The metal has climbed about $331 since August 4 as weak U.S. jobs and inflation data cooled expectations of a Federal Reserve rate hike. A softer dollar amplified the move for dollar-denominated bullion.