Gold rallies 15% in August as ETF inflows and central bank buying boost bullion
Gold has rallied 15% in August, supported by renewed ETF inflows, strong central bank buying, US rate expectations, Treasury buybacks and a weaker dollar.
Gold Market
Tagged: us dollar
Gold Hits Three-Month High Above $4,650 as Dollar Weakens on Tariffs and Fed Bets
Gold reached three-month highs above $4,650 on Monday, extending last week's gains as the US dollar weakened on tariff tensions, fading rate hike expectations, and safe-haven demand.
Gold price hits fresh high since mid-May above $4,650
Gold rose above $4,650 on Monday, its highest since mid-May. Lower US bond yields and a softer dollar, as expectations for a Fed rate hike fade, underpin the move.
MCX gold extends rally to fifth week, August gains top 13%
MCX gold extended its rally for a fifth consecutive week, with August gains reaching 13.3% as a declining US dollar and reduced expectations of a Federal Reserve rate hike supported demand.
Gold rises for third straight week, hits near $4,603
Gold rose 5% to nearly $4,603, its third straight weekly gain. A weaker US dollar and Treasury buybacks supported the rally, though the World Gold Council expects near-term prices to stay rangebound.
Gold regains momentum on weak dollar, safe-haven demand and seasonal buying
Gold prices have surged sharply in August, supported by a weaker US dollar, expectations of monetary easing, geopolitical tensions, and sustained central-bank purchases. Strong Chinese demand and India’s upcoming festive and wedding season add further support.
Gold hits three-month high as weaker dollar boosts rally
Gold prices climbed to a three-month high on Friday, extending gains for a third consecutive week as a softer US dollar and positive technical signals attracted investors.
Gold jumps Rs 6,400 per 10 grams in three sessions on MCX
Gold gained nearly Rs 6,500 per 10 grams and silver surged Rs 13,000 per kg over three consecutive sessions on the MCX, supported by a weaker US dollar and lower Treasury yield expectations.
Gold rises to fresh high since June above $4,500 amid USD weakness
Gold rose to $4,544 during Asian trading on Friday, its highest since early June, supported by renewed US dollar selling and expectations that the Federal Reserve may hold off on rate hikes. However, geopolitical tensions and higher oil prices kept gains in check.