Gold Futures Surge Past $4600/oz
Gold futures on the Comex exchange rose above $4600 per troy ounce for the first time since May 29, driven by a declining dollar and shifting yields, with prices reaching $4700 in one report. Central bank demand continued despite a drop in jewelry and ETF interest.
Consensus
- Gold futures on the Comex exchange surpassed $4600 per troy ounce on August 21.
- The price increase was observed during trading on August 21, with the December gold futures contract involved.
- The price of gold rose above $4600 for the first time since May 29.
- The dollar index declined, contributing to gold's rise.
- Silver futures prices increased on the same day.
- Central banks continued to increase their gold reserves despite reduced demand from jewelry and ETFs.
Points of divergence
- Gold reached $4700.3 per troy ounce, the first time since May 14, 2026. — kommersant
- World Gold Council reported a decline in gold demand in Q2, with 942 tons, the lowest since Q3 2021. — kommersant
- Gold reached $4604.4 during the day, with the price at $4592.14 at 08:12 MSK. — vedomosti
- Silver futures rose 1.31% to $69 per ounce. — vedomosti
- Gold reached $4600.3 at 04:35 MSK, then dropped to $4583.5 within 10 minutes. — vesti
- Gold surpassed $4400 per ounce on August 7 for the first time since mid-June. — vesti
Coverage (6 sources)
- Gold price exceeded $4700 per ounce for the first time since May — Коммерсантъ
- Gold price exceeded $4560 per ounce for the first time since mid-May — Коммерсантъ
- Gold price exceeded $4,600 per ounce for the first time since the end of May — Коммерсантъ
- Gold first since late May exceeded $4600 per ounce — Ведомости
- Gold futures rose to $4600 per ounce for the first time since May 29 — Вести
- Gold price exceeded $4,550 per ounce for the first time since early June — Коммерсантъ