Gold futures drop below $4,450 per troy ounce first time since August 19

The price of gold futures contracts for August delivery on the COMEX exchange has declined below $4,450 per troy ounce for the first time since August 19, 2026, according to trading data, Report informs.

As of 2:48 a.m. GMT, the gold price was down by 1.86% at $4,445.6 per troy ounce.

By 2:59 a.m. GMT, the decline slowed down, with gold trading at $4,472.4 per troy ounce (-1.27%).