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    Home»Business»Gold retreats after scaling over 2-month peak
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    Gold retreats after scaling over 2-month peak

    Editorial teamBy Editorial teamAugust 22, 2026
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    Spot gold slipped 0.6 percent to $4,495.69 per ounce by 03:31 GMT. Earlier, it was at $4,525.79, its highest since 2nd June

    Gold fell on Thursday, as investors booked profits after prices climbed to a more-than-two-month ‌peak.

    Spot gold slipped 0.6 percent to $4,495.69 per ounce by 03:31 GMT. Earlier, it was at $4,525.79, its highest since 2nd June, after a more than 4 percent advance on Wednesday.

    US gold futures rose 0.2 percent to $4,553.30.

    Among other metals, spot silver gained 0.2 percent to $67.07 per ounce, platinum dropped 1.3 percent to $1,802.29, and palladium slid 0.2 percent to $1,328.06.

    Source: Emirates 24|7

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