Gold Rallies 4.4% to $4,253 as Dollar Softens

Spot gold rose 4.4% to $4,253.36 per ounce on August 5, 2026, Reuters reported, peaking at $4,264.93 — its highest since June 18. The gain completed a 5.5% two-day rally, recovering from an August 3 dip to $4,030.34. A weaker dollar and positioning ahead of U.S. jobs data drove the move, alongside reports Trump delayed an Iran strike.