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 Government Measures Aim to Strengthen Demand for ZiG in Zimbabwe READ MORE Yahoo Finance Chartbook: 10 Charts That Show the Economic Forces Staving Off Recession READ MORE Fed Officials Debate Future of Goods Price Declines Amid Inflation Fight READ MORE IMF Official: Debt Relief Delays Could Mean 'Disorderly' Defaults READ MORE Jamie Dimon Believes U.S. Debt Is the ‘Most Predictable Crisis’ in History READ MORE Add a Comment Cancel replyYour email address will not be published.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