What will Gold (XAUUSD) hit in August 2026?

Gold rebounded above $4,600 an ounce after a month-long surge of nearly 15%. But behind the rise lies a larger battle between US fiscal and monetary policy. The Treasury's intervention in the bond market revived debt fears, weakened the dollar, and gave new momentum to the "currency devaluation trade." Conversely, inflation remaining above the Fed's target has raised the possibility of an interest rate hike, a scenario that could put pressure on gold. Therefore, all eyes are on Federal Reserve Chairman Kevin Warsh's speech at Jackson Hole for the next clue on the path of interest rates. #Arabic_Business

Gold futures fell below $4,500 per troy ounce for the first time since August 19.

Global banks are racing to predict gold will reach $5,000 soon. #AlArabiya_Business

Gold prices climbed to $4,650, with Chinese banks bullish on Asian buying support.

Gold prices accelerated their rise, approaching $4,700 intraday. The market is eyeing the next key level: "this price point."

Thoughts on Gold from the JPM commodities desk: • • The Middle East backdrop remains opaque, and tariff headlines over the weekend have kept the macro risk premium elevated. With core PCE and Jackson Hole on deck this week, the pause in positioning is understandable. PCE will be particularly important. Research is looking for a relatively high print, and the market has so far been reluctant to fully price out a September Fed move—leaving rates sensitive to any upside inflation surprise and any shift in messaging from Jackson Hole. Trading think we trade in the $4,500/$5,000 range here, any hot data will see a retest of the 200dma. But on the contrary should we see cooler prints and the market is not convinced with the outcome of Jackson Hole, we might very well be trading closer to 5k next week. Given gold had gone $1,100 in 1 month in January, the desk doesn’t think that is outside the realm of possibility. Further, the negative data over the weekend hasn't really quenched the momentum in gold and we still trade decently higher on the day.

TASS: GOLD FUTURES EXCEEDED $4,750 PER TROY OUNCE FOR THE FIRST TIME SINCE MAY 11, 2026 - COMEX DATA

Gold surprises everyone; the yellow metal surpasses $4,600 today. The rise isn't because the world prefers gold in times of uncertainty, but because investors have begun to fear the dollar. The Treasury Department has started buying long-term bonds heavily to lower yields, but the market interpreted the move as a signal of future currency weakness. Gold ETFs saw their largest inflows since last January. The battle today is no longer between gold and the dollar, but between confidence and fear. Will the rise continue if the dollar doesn't recover? @mayaj_bn #Arabic_Business

Gold surprises everyone; the yellow metal surpasses $4,600 today. The rise isn't because the world prefers gold in times of uncertainty, but because investors have begun to fear the dollar. The Treasury Department has started buying long-term bonds heavily to lower yields, but the market interpreted the move as a signal of future currency weakness. Gold ETFs saw their largest inflows since last January. The battle today is no longer between gold and the dollar, but between confidence and fear. Will the rise continue if the dollar doesn't recover? @mayaj_bn #Arabic_Business

Gold surprises everyone; the yellow metal surpasses $4,600 today. The rise isn't because the world prefers gold in times of uncertainty, but because investors have begun to fear the dollar. The Treasury Department has started buying long-term bonds heavily to lower yields, but the market interpreted the move as a signal of future currency weakness. Gold ETFs saw their largest inflows since last January. The battle today is no longer between gold and the dollar, but between confidence and fear. Will the rise continue if the dollar doesn't recover? @mayaj_bn #Arabic_Business

NY gold market rises for the fourth consecutive trading day, closing at a three-month high.

Live: Gold rises to highest since mid-May

Gold surpasses $4,640, hitting its highest level since May #Arabic_Business

Gold futures price crosses $4,700 per ounce for the first time since May 14 @YjcNewsChannel

Gold prices break through $4,600, hitting a three-month high; latest "target range" released.

Gold prices break through $4,600, hitting a three-month high; latest "target range" released.

Gold prices break through $4,600, hitting a three-month high; latest "target range" released.

Gold prices break through $4,600, hitting a three-month high; latest "target range" released.

Gold prices break through $4,600, hitting a three-month high; latest "target range" released.

Gold prices break through $4,600, hitting a three-month high; latest "target range" released.

TECHNICALS-Spot gold may extend gains into $4,681 to $4,743 range

Gold on the rise; 34% growth in the past two months After falling at the beginning of the year, the global gold price has grown by 12% in the past two months and reached $4,600. At the same time, the free dollar has also increased by 21%; a combination that has brought the return of gold funds such as "Rose Bergamot" to 34%; higher than the dollar and the stock market. Market performance since the beginning of July: "Rose Bergamot" gold fund; 34% Free market dollar; 21% General stock market index; 19% Gold funds have become very popular among people these days, due to the possibility of buying and selling online and reliable physical support. See the tutorial on how to buy a gold fund here.

Gold on the rise; 34% growth in the past two months After falling at the beginning of the year, the global gold price has grown by 12% in the past two months and reached $4,600. At the same time, the free dollar has also increased by 21%; a combination that has brought the return of gold funds such as "Rose Bergamot" to 34%; higher than the dollar and the stock market. Market performance since the beginning of July: "Rose Bergamot" gold fund; 34% Free market dollar; 21% General stock market index; 19% Gold funds have become very popular among people these days, due to the possibility of buying and selling online and reliable physical support. See the tutorial on how to buy a gold fund here.

Gold on the rise; 27% growth in the past two months After falling at the beginning of the year, the global gold price has grown by 12% in the past two months and reached $4,600. At the same time, the free dollar has also increased by 18%; a combination that has brought the return of gold funds such as "Rose Bergamot" to 27%; higher than the dollar and the stock market. Market returns since the beginning of July: "Rose Bergamot" gold fund; 27% Free market dollar; 18% General stock market index; 15% Gold funds have become very popular among people these days, due to the possibility of buying and selling online and reliable physical support. See the tutorial on how to buy a gold fund here.

Gold on the rise; 27% growth in the past two months After falling at the beginning of the year, the global gold price has grown by 12% in the past two months and reached $4,600. At the same time, the free dollar has also increased by 18%; a combination that has brought the return of gold funds such as "Rose Bergamot" to 27%; higher than the dollar and the stock market. Market returns since the beginning of July: "Rose Bergamot" gold fund; 27% Free market dollar; 18% General stock market index; 15% Gold funds have become very popular among people these days, due to the possibility of buying and selling online and reliable physical support. See the tutorial on how to buy a gold fund here.

Precious Metals Commentary: Gold: Renewed Demand for Call Options Fuels Volatility and Upside Price Risk Demand for gold call options has surged due to renewed global macroeconomic policy hedging needs, creating a two-way mechanical amplifier for prices. When gold prices approach key strike prices, traders selling options are forced to buy gold to hedge, accelerating the rise; if gold prices pull back, traders unwind their hedges, increasing selling pressure and amplifying downside risk. This option-related hedging behavior significantly increases gold price volatility, reinforcing both upward and downward movements, becoming a key characteristic of the current market. Market confidence in further Fed rate hikes (a major headwind for gold since March) weakened significantly after the FOMC held rates steady in July and weak US employment and CPI data. This has driven a partial recovery in COMEX net speculative holdings and demand for rate-sensitive gold ETFs, helping gold prices rise by about 15% from mid-July lows, approaching $4,600 per ounce. Meanwhile, rising demand for call options further amplified this rebound, indicating that shifts in macroeconomic expectations are reinforcing the hedging effect of options. Goldman Sachs economists expect inflation to fall, allowing the Federal Reserve to hold rates steady and creating space for a recovery in Western investment demand. If Western investor demand picks up further, coupled with continued strong buying from central banks, gold prices could be pushed towards key strike price levels. At that point, traders buying gold to hedge call options could create a mechanical acceleration, further boosting price momentum. Goldman Sachs maintains its fair value forecast of $4,900 for gold by the end of 2026, but believes there are significant upside risks and increased volatility. This forecast assumes continued strong central bank demand and a recovery in private ETF demand under a Fed-held policy, but does not fully account for option hedging demand. If ETF inflows exceed expectations and call option positions remain high, trader hedging could push gold prices far higher than predicted; conversely, if expectations of interest rate hikes resurface, it could trigger a more drastic correction. Both risks need to be monitored. #gold

Gold prices rose 2.1 percent to $4,612.17 an ounce, reaching their highest level in more than three months. Gold's rise comes amid a weakening dollar and growing concerns about US debt. Geopolitical tensions between the US and Iran and rising oil prices are supporting demand for gold as a safe haven.

The price of gold exceeded $4,560 per ounce for the first time since mid-May, according to Comex data. September silver futures rose 2.8% to $70.1 per troy ounce. This is the first such level since June 17. This is how precious metals are reacting to the weakening dollar, according to Reuters analysts. Follow Kommersant on MAX | on Telegram

New York gold futures traded above $4,600/oz, up 0.66% on the day. • #GOLD $XAUUSD $XAU $GLD • (

New York gold futures traded above $4,600/oz, up 0.66% on the day. • #GOLD $XAUUSD $XAU $GLD • (