Gold extends gains above $4,400

By Ahmed Ashraf On Aug 12, 2026

GOLD

Gold trades below the $4,425 resistance area, which is likely to limit the pace of gains in today’s trading.

Support	4250	4250
Resistance	4425	4585

Gold holds its gains near $4,400 as uncertainty persists over a U.S. Iran deal to reopen the Strait of Hormuz, keeping oil prices under upward pressure and boosting demand for the precious metal. Spot gold rose 0.7% to $4,398, while markets await U.S. inflation data that could directly influence interest rate expectations and upcoming Federal Reserve decisions.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

Oil approaches a two-week high

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