World Gold Council: Gold's Shines August Rally Continues Gold prices continued their upward trajectory in August, reaching a new all-time high before settling at $2,513/oz, a 3.6% increase for the month. This rise was primarily driven by a weaker US dollar and lower Treasury yields as the Federal Reserve hinted at potential rate cuts. Additionally, India’s reduction in gold import duties boosted demand, while global gold ETFs saw continued inflows, particularly from Western funds. However, China’s economic slowdown may impact consumer gold demand, contrasting with the positive trends seen in other markets. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Despite High Inflation Reports, Fed's Barkin Eyes Future Rate Normalization with Caution READ MORE Gold Continues to Defy Expectations Despite Market Downturns READ MORE Rate Cut Speculation Dampens Gold Prices; Copper Struggles READ MORE This Is the Greatest Manipulation of Gold In History READ MORE Rethinking the 60/40 Strategy: BofA Suggests Commodities as the New Fixed Income READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment