{
  "id": 2413552,
  "title": "Gold rallies to 3-month high on weaker dollar, bullish technicals",
  "url": "https://urgent.news/2026/08/21/gold-rallies-to-3-month-high-on-weaker-dollar-bullish-technicals-2413552",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T18:22:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/world/20260822/gold-rallies-to-3-month-high-on-weaker-dollar-bullish-technicals"
  },
  "original_language": "en",
  "account": "Gold prices surged to a three-month high on Friday, marking its third consecutive weekly increase, according to wire reports. The precious metal climbed 2.1 percent to $4,612.17 per ounce, briefly reaching $4,620.14, which marked its highest level since May 15. U.S. gold futures followed suit, climbing 2.2 percent to $4,670.60. Over the past week, prices have risen more than 5 percent, with Wednesday registering the biggest single-day gain since early February. Technical analysts view the metal trading above key moving averages, including the 200-day average of around $4,513, as a positive sign. The primary driver behind the rally appears to be a weaker dollar, with Bart Melek, global head of commodity strategy at TD Securities, attributing the trend to concerns over whether the U.S. Treasury's support plan for bond markets will ultimately succeed. If the current momentum persists, the next target could be the $4,700 level.",
  "summary": "Gold climbed to a more than three-month high on Friday, on track for its third straight weekly gain, aided by a break above key technical levels as the U.S. Treasury's buyback support plan dragged on the dollar. Spot gold climbed 2.1 percent to $4,612.17 per ounce by 12:29 p.m. EDT (1629 GMT), earlier touching $4,620.14 — its highest since May 15. U.S. gold futures rose 2.2 percent to $4,670.60.…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Gold rallies to 3-month high on weaker dollar, bullish technicals",
        "url": "https://urgent.news/2026/08/21/gold-rallies-to-3-month-high-on-weaker-dollar-bullish-technicals",
        "published": "2026-08-21T18:12:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}