Gold steadies near three-month high as silver edges up

Gold prices traded little changed on Wednesday, August 26, holding near their highest levels in over three months as markets await crucial US inflation data for clues on the Federal Reserve’s monetary trajectory.

Spot gold hovered around $4,652.39 per troy ounce, while US gold futures rose 0.3% to $4,709.20 per ounce. Market participants are closely watching the upcoming US Personal Consumption Expenditures (PCE) price index alongside Fed Chair Kevin Warsh's upcoming address at the Jackson Hole economic symposium on Friday.

Spot silver gained 0.5% to $68.84 per ounce, with platinum and palladium also recording modest upward momentum.

N.Tebrizli