Gold prices climbed on Wednesday, driven by a softer dollar and easing bond yields on expectations of a de-escalation in the U.S.-Iran conflict.
Spot gold jumped a little over 2 percent to $4,565.18 an ounce while U.S. gold futures were up 3.6 percent at $4,595.67.
The dollar index dipped on improved risk sentiment while oil prices plunged more than 5 percent after U.S. President Donald Trump said the U.S. and Iran were "in negotiations right now" and they "want to make a deal so badly".
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August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.