Gold prices decreased by 0.6% to $2,619.33 per ounce as elevated U.S. Treasury yields reduced bullion’s appeal during a lean holiday week. The market’s focus remains on President-elect Trump’s return and the potential influence of his inflationary policies on the Fed’s outlook for 2025.
Dollar flat near one-week high as investors await Warsh’s Jackson Hole debut
The euro and sterling were subdued near one-week lows against the greenback, last at $1.1652 and $1.3597, respectively, though both remained on track for a
August 28, 2026