Gold manages to recover from weekly low, rising to $4350

cryptonews.ruPublicado em 2026-08-19Última atualização em 2026-08-19

Resumo

On Wednesday, gold prices rebounded from a sharp drop as U.S. Treasury yields declined and the dollar weakened, providing some respite for the precious metal. Spot gold rose to around $4,361 per ounce after falling nearly 2% on Tuesday, recovering from a weekly low. The recovery was supported by falling 10-year Treasury yields and a pullback in the U.S. dollar index, which made gold cheaper for holders of other currencies. Traders are now awaiting the release of the Federal Reserve's July meeting minutes for clues on future policy direction. While the Fed held rates steady at 3.50–3.75% last month, three members favored a hike, prompting market speculation about tighter policy. Currently, CME FedWatch suggests about a two-thirds probability of unchanged rates. Despite remaining below its January peak, gold has gained significantly in August, buoyed by weak U.S. economic data and shifting interest rate expectations.

Gold prices rose on Wednesday as US Treasury yields fell, providing the precious metal some respite after a sharp drop due to traders' anticipation of the release of the July Federal Reserve meeting minutes.

Source: TradingView

Spot gold traded around $4,350 per ounce during Asian trading hours after falling nearly 2% on Tuesday. At the time of writing, it had risen to $4,361, according to Tradingview. The recovery came against a backdrop of a decline in the 10-year Treasury yield to 4.70% and a 30-year bond yield near a 19-year high.

The US Dollar Index retreated from recent highs, which was a favorable factor for gold, the price of which is tied to the US currency. A weaker dollar makes gold cheaper for holders of other currencies and often leads to increased demand.

Investors are now awaiting the release of the minutes from the US Federal Reserve meeting held on July 28-29. At that time, the financial regulator kept the rate in the 3.50-3.75% range, with three committee members voting for an increase. Therefore, market participants are now looking for signals about the level of support for a more hawkish policy.

According to the latest CME FedWatch quotes, the probability of rates remaining unchanged is approximately two-thirds. While gold is still trading significantly below its January high, it has risen considerably in August as weak US economic data and interest rate expectations have prompted investors to return to the precious metal.

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Perguntas relacionadas

QWhat happened to the price of gold on Wednesday according to the article?

AThe price of gold rose on Wednesday after a sharp drop, recovering to around $4,350 per ounce.

QWhat were the two key factors mentioned that contributed to the rise in gold prices?

AThe two key factors were a decline in US Treasury bond yields and a weakening of the US Dollar Index.

QWhat are investors currently awaiting, as mentioned in the article?

AInvestors are awaiting the release of the minutes from the Federal Reserve's July 28-29 meeting.

QWhat was the key interest rate decision made by the Fed at its July meeting?

AAt the July meeting, the Fed kept its key interest rate unchanged in the range of 3.50–3.75%.

QHow has gold performed in August despite trading below its January peak?

AGold has posted significant gains in August due to weak US economic data and shifting interest rate expectations.

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