Gold rises $26 above $4000

Global gold prices rose at the close of today’s trading on Thursday, supported by a decline in the US dollar and Treasury bond yields after US inflation data came in slightly below expectations. The Personal Consumption Expenditures (PCE) Price Index increased by 4.1% year-on-year in May, which led to a drop in the dollar and bond yields, enhancing gold's attractiveness to investors. Despite the current gains, gold remains below its all-time high recorded in January 2026 when it surpassed $5,300 per ounce.

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