Gold Prices Open Above $4,400 With 10% Monthly Gain Reported

On August 14, 2026, gold (GC=F) December futures opened at $4,408.20 per troy ounce, down 0.3% from the previous day. However, the price increased to $4,419.60 later in the morning. Gold has shown a monthly gain of over 10%, attributed to softening inflation, which has led to reduced expectations for a rate increase by the Federal Reserve next month. Currently, there is a 69.4% chance the Fed will hold rates steady in September, affecting precious metal prices. This situation indicates that gold may be a hedge for investors seeking stability amid changing interest rates.