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Gold steps back from its peak

Shafaqna English– Friday’s(14 Aug 2026) trading session saw gold prices move lower, with the commodity poised to finish the week in negative territory. The pullback came as market participants cashed in on gains generated earlier in the week, when benign U.S. inflation readings had driven bullion to a multi-month peak and significantly reduced expectations for a near-term policy tightening move from the U.S. central bank.

In terms of specific pricing data, spot gold was trading 0.5% lower at $4,326.75 per ounce as of 03:36 GMT. Meanwhile, U.S. gold futures contracts for December delivery recorded a steeper decline of nearly 1%, settling at $4,382.50 per ounce, reflecting a more pronounced selloff in the derivatives market compared to the physical bullion market.

Source: Reuters

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