{
  "id": 3145752,
  "title": "Gold hits over 3-month high ahead of US inflation data, Fed chair’s speech",
  "url": "https://urgent.news/2026/08/25/gold-hits-over-3-month-high-ahead-of-us-inflation-data-fed-chairs",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T00:02:14.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-hits-over-3-month-high-ahead-us-inflation-data-fed-chairs-speech"
  },
  "original_language": "en",
  "account": "Gold prices soared to their highest in over three months on Monday (Aug 24), buoyed by technical investors and a weaker US dollar prior to this week's inflation data and the Jackson Hole Symposium. The metal climbed 0.8% to $4,639.49 per ounce by 2.25 pm EDT, surpassing $4,680.70 earlier. US gold futures for December delivery also grew 0.4% to $4,697.80 per ounce. Analyst Jim Wyckoff of American Gold Exchange noted that \"the fundamentals and technicals are kind of lining up bullish for the gold market here to start the trading week.\" He added that bond yields have stabilized and even dipped slightly, further supporting the metal. With prices trending upward, Wyckoff stated that the path of least resistance for gold would remain \"sideways to higher\" in the coming weeks, barring a technical reversal signal. Gold had broken above its 200-day moving average in the week ending Aug 23, reinforcing its upward momentum. Gold-backed ETFs received inflows equivalent to 46.7 metric tonnes of gold, worth $6.4 billion, last week, marking their largest weekly demand in 10 months, according to the World Gold Council. This surge was largely driven by North American and European-listed funds. Meanwhile, markets awaited the US Personal Consumption Expenditures price index, the Federal Reserve's preferred inflation gauge, due on Wednesday, as well as Chair Kevin Warsh's first speech at the Jackson Hole Symposium on Friday, to gain insights into interest rate outlooks.",
  "summary": "Path of least resistance for gold would ‘continue to be sideways to higher’ in the coming weeks, says an analyst",
  "key_points": [
    "Gold prices reached over three-month high at $4,639.49 per ounce",
    "Investors and weaker US dollar drove the surge ahead of inflation data",
    "Analyst predicts sideways-to-higher trend for gold in coming weeks"
  ],
  "editors_take": "A recovering gold market, driven by a weaker US dollar and stabilizing bond yields, now hinges on upcoming US inflation data and Federal Reserve guidance for its next directional move.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}