Gold rises to $4,650 as dollar pressure cited
Gold rose $45.23 to $4,650.05, with headlines citing a softer dollar, Treasury buyback news and focus on US inflation and Fed signals.
Spot gold rose $45.23, or 0.98%, to $4,650.05 in the morning session, after trading between $4,599.35 and $4,658.29. TradingPedia linked the rally to a Treasury buyback plan pressuring the dollar, while CryptoTicker said the dollar slumped as gold and bitcoin rallied on buyback news. For the session ahead, NST Online and BW Businessworld both pointed to US inflation data as a focus for gold traders, and FXStreet cited fading Fed hike bets and a weak USD.
Continued from the evening edition of 23 August 2026. Prices below are frozen at publication — the live gold price has the current figure, and this guide covers what tends to move it.
Overnight price action
The overnight move left spot gold above the previous close of $4,604.82, with the session high at $4,658.29. Profit by Pakistan Today described gold as climbing to a three-month high above $4,641 an ounce, while Fana News and Big News Network.com also said gold hit a three-month or over three-month high. NDTV Profit said gold held near a three-month high as the debasement trade returned. 富途牛牛 said spot gold rose to an over three-month high as the “devaluation trade” made a comeback, and Emirates 24|7 attributed the move to stronger safe-haven demand.
- Gold Climbs to 3-Month High Above $4,641/oz Profit by Pakistan Today
- Gold Rallies to Three-Month High - Fana News - Fana News -
- Spot gold prices rise to over three-month high as "devaluation trade" makes a comeback 富途牛牛
- Gold hits three-month high as investors boost safe-haven demand Emirates 24|7
- Gold Holds Near Three-Month High As Debasement Trade Returns NDTV Profit
- Gold hits over three-month high Big News Network.com
Dollar and Treasury themes
Several publishers framed the move around the dollar and US Treasury headlines. TradingPedia said gold extended its rally as a Treasury buyback plan pressured the dollar. CryptoTicker said the dollar slumped while gold and bitcoin rallied on buyback news. Kaohoon international said gold prices reached a three-month high, driven by Treasury actions and a softer dollar, and Whalesbook said gold hit a three-month high after the US Treasury announced a debt buyback. FXLeaders cited deeper dollar weakness, while FXStreet cited fading Fed hike bets and a weak USD.
- Gold Extends Rally as Treasury Buyback Plan Pressures Dollar TradingPedia
- Dollar Slumps, Gold and Bitcoin Rally on Buyback News CryptoTicker
- Gold Breaks $4,600: XAU/USD Bulls Eye $4,659 as Dollar Weakness Deepens FXLeaders
- Gold Prices Rally to Three-Month High, Driven by Treasury Actions and Softer Dollar kaohoon international
- Gold extends rally amid fading Fed hike bets and weak USD FXStreet
- Gold Hits 3-Month High As U.S. Treasury Announces Debt Buyback Whalesbook
Data and Fed focus
The session-ahead headlines put US data and Fed signals in view. NST Online said gold hit an over three-month high ahead of US inflation data and a Fed chair speech, while BW Businessworld said gold extended its rally to a three-month high ahead of US inflation data. FXEmpire framed its gold price forecast around PCE and Warsh, and Bitcoin World said markets were focused on US inflation and potential Fed Chair Warsh. Separately, finance.biggo.com reported that Fed hawk Kashkari said inflation was unlikely to cool on its own and did not rule out another quarter-point hike.
- Gold (XAUUSD) Price Forecast: Gold Eyes $4772.17 to $4968.06 Ahead of PCE and Warsh FXEmpire
- Gold’s Rally Persists As Markets Focus On US Inflation And Potential Fed Chair Warsh Bitcoin World
- Gold hits over 3-month high ahead of US inflation data, Fed chair speech NST Online
- Gold Extends Rally To Three-Month High Ahead Of US Inflation Data BW Businessworld
- Fed Hawk Kashkari: Inflation Unlikely to Cool on Its Own, Doesn't Rule Out Another Quarter-Point Hike finance.biggo.com
Silver and futures
Spot silver was at $69.15 an ounce, up 0.22%, leaving the gold/silver ratio at 67.2. Business Standard said gold crossed $4,700 on Comex and silver traded above $69 amid US bond buybacks. AzerNews also said gold futures rose above $4,700 per ounce on COMEX, while Crypto Briefing said gold futures surged past $4,700, signalling economic fears. FXEmpire said a weaker dollar lifted gold and that silver was eyeing $72, which was presented as its forecast framing.
- Gold Futures Rise Above $4,700 per Ounce on COMEX AzerNews
- Gold futures surge past $4,700/oz, signaling economic fears Crypto Briefing
- Gold and Silver Price Forecast: Weaker Dollar Lifts Gold as Silver Eyes $72 FXEmpire
- Gold crosses $4,700 on Comex; silver trades above $69 amid US bond buybacks Business Standard
What to watch
- US inflation data flagged by NST Online and BW Businessworld.
- Fed-chair references in NST Online, FXEmpire and Bitcoin World headlines.
- Dollar and Treasury-buyback themes cited by TradingPedia and CryptoTicker.
- Silver above $69 in the price data and Business Standard headline.
Gold price on 24 August 2026
| Spot gold | USD / oz | Change on previous close |
|---|---|---|
| Previous close | $4,604.82 | |
| Morning edition, (this page) | $4,650.05 | +$45.23 · +0.98% |
| Evening edition, | $4,646.08 | +$41.26 · +0.90% |
| Close | $4,651.41 | +$46.59 · +1.01% |
Prices from XAUTicker, frozen when each edition was published. The close is the previous close XAUTicker reported at the start of the next session, recorded by the morning edition of 25 August 2026.