09:17 - 25.08.2026

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August 25, Fineko/abc.az. Gold prices extended their rally on Tuesday to reach their highest level in over three months, supported by the US Treasury's decision to scale up its long-term bond buyback program.

Spot gold rose 0,4% in exchange trading to $4,668.19 per ounce, marking its highest point since May 14. US gold futures gained 0.6% to reach $4,724.50.

Key Market Trends and Expectations:

• Dollar Dilution Risks: The US Treasury's announcement to double the size of long-term bond buybacks sparked investor concerns over currency debasement, boosting demand for bullion.

• Analyst Insights: Market experts highlight that prices have the potential to move toward the next resistance zone in the $4,900–$5,000 range.

• Central Bank and Key Economic Events: Investor attention is focused on Federal Reserve Chair Kevin Warsh's maiden speech at the Jackson Hole symposium and the Personal Consumption Expenditures (PCE) price index release on Wednesday.

• Geopolitical Tensions: Iran pledged to retaliate against the US decision to expand economic sanctions, adding further risk premiums to global markets.

• Other Precious Metals: Spot silver gained 0.3% to $69.16, platinum rose 0.4% to $1,883.93, and palladium edged up 0.2% to $1,359.