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macroAug 11, 2026, 8:51 AM

Gold hits two-month high at $4,400/oz on safe-haven demand

Gold surged to $4,400 per ounce on Tuesday, its highest in two months, as safe-haven demand grew despite inflation risks and expectations of higher interest rates.

XAUUSD

Gold climbed to $4,400 per ounce on Tuesday, marking a two-month high. The rally was driven by accelerating safe-haven demand, even as inflation risks linger and markets price in further interest rate hikes. The precious metal's gains reflect persistent investor concerns about economic uncertainty.

Source: FXStreet Forex News