Business

Gold Prices Surge on Economic Data

Updated 2026-08-06 11:10 UTC 2 sources Neutral

Spot gold prices reached their highest level since June, rising to $4,295 per ounce. The surge followed weak payrolls data and hopes of a Hormuz deal.

Coverage timeline — 2 articles

MarketWatch

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CNBC

Gold price hits highest level since June on weak payrolls data and Hormuz deal hopes

Spot gold rose as high as $4,295 per ounce before paring gains to $4,268 per ounce on Thursday. Gold futures were seen trading at $4,329 per ounce.

2026-08-06 11:00 UTC