Gold futures rise above $4,400 as inflation data loom
Gold December futures opened at $4,446.90 per troy ounce on Tuesday, August 11, 2026, up 0.6% from Monday, and were trading at $4,445.30 as of 7:40 a.m. ET. Prices have stayed above $4,400 for a second day as geopolitical tensions between the U.S. and Iran keep safe-haven demand elevated and gold sits near levels last seen in early June. Markets will watch U.S. inflation releases on Wednesday and Thursday because sticky inflation could lead the Fed to hold or raise rates, a development that typically pressures precious metal prices.
Gold futures opened at $4,446.90 per troy ounce.
Context
A months-long war has continued without a clear short-term end. Gold has risen above recent highs as investors seek safety. Upcoming U.S. inflation reports could change Federal Reserve policy and affect gold prices.
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