Gold prices have stabilized after a two-day decline, around $4,435 per ounce on August 31, 2026. Geopolitical tensions between the United States and Iran have reignited inflation concerns and strengthened expectations of a Federal Reserve rate hike. This situation has weighed on gold’s appeal, as higher interest rates increase the opportunity cost of holding non-yielding assets. Prediction market bets reflect limited confidence that gold will reach $15,000 per ounce by December 2026.
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