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Global gold prices rise August 6 2026
Gold prices rose again today, Thursday, August 6, 2026, for the fourth consecutive time, approaching their highest levels in seven weeks. The increase was supported by a decline in the U.S. dollar and falling Treasury bond yields, alongside growing hopes for the reopening of the Strait of Hormuz. The spot price of gold increased by 1% to reach $4,285.69 per ounce, the highest since June 18. Meanwhile, U.S. gold futures rose by 0.9% to $4,345.50 per ounce. The decline in 10-year U.S. Treasury yields and pressures on the dollar index helped make gold and other precious metals more attractive to buyers, with silver up 0.4% at $62.34, platinum up 0.8% at $1,750.15, and palladium up 1% at $1,377.
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