Gold rises to $4,347.99 before Fed minutes
Gold rose 0.31% to $4,347.99, with headlines focused on Fed minutes, US bond yields and caution around the Strait of Hormuz.
XAUTicker put spot gold at $4,347.99 per troy ounce in the morning edition, up $13.58, or 0.31%, from the previous close of $4,334.41. The session range was $4,327.91 to $4,361.33, leaving gold firmer but still below the $4,400 level cited in several headlines. Spot silver was $63.10, down 0.37%, and the gold/silver ratio was 68.9. For the session ahead, the supplied headlines centre on Fed minutes, US bond yields, the dollar and the Strait of Hormuz.
Continued from the evening edition of 18 August 2026. Prices below are frozen at publication — the live gold price has the current figure, and this guide covers what tends to move it.
Gold starts firmer but below $4,400
The overnight move was modestly higher, with spot gold at $4,347.99 after trading between $4,327.91 and $4,361.33. Whalesbook described gold prices as recovering slightly with FOMC minutes in focus, while The Business Times said gold edged higher as US bond yields stabilised after a surge. citybuzz carried a headline saying gold held near $4,347 as the US-Iran stalemate over the Strait of Hormuz fuelled investor caution. Those headlines broadly match a session in which gold gained but did not return to the $4,400 area referenced elsewhere.
Fed minutes dominate the session ahead
Bitcoin World said inflation data and FOMC minutes were set to steer markets this week, and FXStreet said inflation prints and FOMC minutes were taking centre stage. Financial Express framed the Fed minutes around what the July rate decision may reveal about the upcoming September FOMC meeting, while investingLive previewed what to watch when the July FOMC minutes drop Wednesday. FOREX.com described XAU/USD as neutral ahead of Fed minutes. Binance reported a Polymarket trader bought a $278,000 bet on the Fed holding rates steady in September, and The Daily Hodl said prediction markets assigned 67-71% odds to that outcome.
- Inflation Data And FOMC Minutes Set To Steer Markets This Week Bitcoin World
- Inflation prints and FOMC Minutes take centre stage FXStreet
- Polymarket Trader Buys $278,000 Bet on Fed Holding Rates Steady in September Binance
- Fed Minutes Today: What the July rate decision reveals about the upcoming September FOMC meeting financialexpress.com
- Preview: What to watch as July FOMC minutes drop Wednesday investingLive
- Gold Analysis: XAU/USD Remains Neutral Ahead of Fed Minutes FOREX.com
Yields remain the main pressure point
Several headlines kept bond markets at the centre of gold trading. FXEmpire said Fed minutes loomed as bond yields pressured bullion, while FXLeaders said XAU/USD held $4,340 as bond yields clashed with Fed pause bets. Kitco’s headline said gold slid $83 as bond yields surged and a Hormuz standoff reignited inflation fears. Bloomberg said gold held losses as a bond selloff and Hormuz limbo weighed on the outlook. Crypto Briefing said the 30-year Treasury yield hit its highest level since 2007 amid inflation concerns, and IndexBox said gold and silver dropped on high yields and an AI stock selloff.
- Gold (XAU/USD) & Silver Price Forecast: Fed Minutes Loom as Bond Yields Pressure Bullion FXEmpire
- Gold Price Forecast: XAU/USD Holds $4,340 as Bond Yields Clash With Fed Pause Bets FXLeaders
- Gold Slides $83 as Bond Yields Surge and Hormuz Standoff Reignites Inflation Fears KITCO
- Gold Holds Losses as Bond Selloff, Hormuz Limbo Weigh on Outlook Bloomberg.com
- Gold, Silver Drop on High Yields, AI Stock Selloff | August 18, 2026 - News and Statistics IndexBox
- 30-year Treasury yield hits highest level since 2007 amid inflation concerns Crypto Briefing
Wider gold narratives stay active
Beyond the immediate session, the headlines pointed to broader support and positioning themes. VT Markets said gold steadied near $4,400 as rising US yields failed to dent safe-haven demand amid fiscal worries. finance.biggo.com and TradingView both carried headlines saying Bank of America sees $5,000 gold within reach. Livemint focused on top gold ETFs and said five funds delivered the best three-month returns, with The Wealth Company leading the list. Trend.az said Uzbekistan’s gold-driven economy was getting a boost from a bullion rally, while Chosun Ilbo linked gold and silver price gains to central bank buying and AI demand.
- Top Gold ETFs: These 5 ETFs delivered the best 3-month returns; The Wealth Company leads the list livemint.com
- Uzbekistan’s gold-driven economy gets boost from bullion rally trend.az
- Gold, Silver Prices Surge on Central Bank Buying, AI Demand 조선일보
- Gold steadies near $4,400 as rising US yields fail to dent safe-haven demand amid fiscal worries VT Markets
- Bank of America Says $5,000 Gold Is Within Reach as Rally Outpaces Forecasts finance.biggo.com
- Bank of America Says $5,000 Gold Is Within Reach TradingView
What to watch
- July FOMC minutes and how publishers frame September rate expectations.
- US bond yields after headlines linked them to bullion pressure.
- Further Strait of Hormuz headlines tied to inflation fears or investor caution.
- Whether spot gold stays within the $4,327.91-$4,361.33 session range.
Gold price on 19 August 2026
| Spot gold | USD / oz | Change on previous close |
|---|---|---|
| Previous close | $4,334.41 | |
| Morning edition, (this page) | $4,347.99 | +$13.58 · +0.31% |
| Evening edition, | $4,496.86 | +$162.44 · +3.75% |
| Close | $4,523.94 | +$189.53 · +4.37% |
Prices from XAUTicker, frozen when each edition was published. The close is the previous close XAUTicker reported at the start of the next session, recorded by the morning edition of 20 August 2026.