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 Central Banks Kick Off 2024 with Significant Gold Purchases READ MORE Consumer Sentiment Dips to 8-Month Low Despite Easing Inflation Expectations READ MORE Core Fed Inflation Metric Surpasses Expectations, Rising 2.8% in March READ MORE Silver's Potential: Is It Time to Invest Before the Catch-Up? READ MORE ECB and BoC Poised to Cut Interest Rates This Week READ MORE Add a Comment Cancel replyYour email address will not be published.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