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fxAug 17, 2026, 11:28 PM

Gold Climbs Toward $4,415 as Soft US Data Weighs on Fed Hike Odds

Gold edged up to near $4,415 in early Asian trading on Tuesday as softer US data dampened expectations for further Federal Reserve rate hikes.

XAUUSD

Gold was trading near $4,415 in early Asian hours on Tuesday after clearing the $4,400 level. The advance extends the precious metal’s upside as softer US data dampens the odds of additional Federal Reserve rate hikes.

The fading expectations for further Fed tightening have supported the move in XAU/USD. Traders will also be closely watching developments in the Middle East for potential market impact.

Source: FXStreet Forex News