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 Western Demand Propels Gold ETFs to Fourth Straight Month of Gains READ MORE Global PMI Data Shows Persistent Price Inflation in May READ MORE China's Gold Market: Investment Up, Jewelry Down in Second Quarter READ MORE How Much Gold Do I Need To Retire? 1oz Per Month? READ MORE Banks Under Pressure: Rising Concerns Over Commercial Real Estate Exposures READ MORE Add a Comment Cancel replyYour email address will not be published.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