Breaking News

26 Aug 2025

Gold prices rise to their highest level in two weeks

Gold prices rose in Asian trading on Tuesday as safe-haven demand was boosted by growing concerns about the independence of the Federal Reserve after President Donald Trump said he would fire Member Lisa Cook.

Gold and broader metals prices also benefited from a weaker dollar, which had all been volatile in recent sessions amid growing uncertainty about the path of US interest rates.

Spot gold rose 0.3% to $3,375.29 per ounce, while October gold futures rose 0.2% to $3,423.95 per ounce. Spot prices briefly reached their highest level in more than two weeks at $3,386.49 per ounce

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