Gold rose above $4,400 an ounce as dollar weakness and safe-haven demand linked to escalating Middle East tensions outweighed pressure from higher Treasury yields. Spot gold gained 1.4% to $4,414.30 an ounce in Wednesday trading, while December futures settled 0.5% higher at $4,458.80. Brent crude remained above $100 a barrel as shipping and energy-supply disruptions raised inflation concerns, while the 10-year Treasury yield briefly reached its highest level since November 2023. Investors await US producer-price data on Thursday and consumer-price figures on Friday before the Federal Reserve's September policy meeting. CME FedWatch showed roughly a 60% probability of a rate increase next week, while interest-rate swaps implied about a 65% chance of a September increase. Global gold-backed ETFs drew $18 billion in August, lifting holdings by 121 tonnes to a record 4,189 tonnes, the World Gold Council said.