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Commodities

Gold Slips On Profit-taking After Hitting Over Three-month High

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Gold prices slipped on Tuesday after hitting over three-month highs earlier, supported by a weaker dollar and a surprise bond-market intervention announcement by the U.S. Treasury.

Spot gold was down 0.4 percent at $4,635 an ounce after reaching its highest level in more than three months at $4,696.98 an ounce earlier. U.S. gold futures slipped 0.1 percent to $4,692.66 an ounce due to profit taking after recent strong gains.

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Market Analysis

Global Economics Weekly Update - Aug 17 – Aug 21, 2026

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.