{
  "id": 3172328,
  "title": "Gold rises to highest since mid-May as buying momentum builds",
  "url": "https://urgent.news/2026/08/25/gold-rises-to-highest-since-mid-may-as-buying-momentum-builds",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T02:48:07.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40436427/gold-rises-to-highest-since-mid-may-as-buying-momentum-builds"
  },
  "original_language": "en",
  "account": "Gold reached a three-month high on Tuesday, as buying momentum intensified following the US Treasury's recent buyback announcement. The rally was further fueled by investor attention shifting towards key inflation data and a speech from Federal Reserve Chair Kevin Warsh later in the week. Spot gold increased by 0.4% to $4,668.19 per ounce, following a peak not seen since May 14. US gold futures also rose 0.6% to $4,724.50. Analyst Tony Sycamore noted that the return of the debasement trade last week had contributed to the latest surge in gold prices. He expects dips in gold to be well supported by buyers seeking the metal to reach the next resistance levels of $4,900/$5,000. The US Treasury's decision to double the size of liquidity support buyback operations for longer-dated notes and bonds earlier in the week had sparked concerns about currency debasement. These fears are expected to keep gold well-supported in the coming weeks, as the Federal Reserve has not signaled a clear intention to combat higher inflation. While gold is typically seen as an inflation hedge, higher interest rates can reduce demand for the asset due to the increased opportunity cost of holding non-yielding bullion. Fed Chair Warsh's speech at the upcoming Jackson Hole conference has gained attention as traders and analysts await guidance on recent bond yield increases and reassurance of his independence from the Trump administration. The US Personal Consumption Expenditures report, the Federal Reserve's preferred inflation gauge, will be released on Wednesday. Geopolitically, Iran has vowed to retaliate against expanded US economic sanctions, warning that major trading partners would resist the pressure campaign. Silver rose 0.3% to $69.16 per ounce, platinum increased 0.4% to $1,883.93, and palladium gained 0.2% to $1,359.00.",
  "summary": "Gold hit a more than three-month high on Tuesday , extending a rally driven by the US Treasury’s recent buyback announcement, while investor focus shifted to key inflation data and a speech later this week by Federal Reserve Chair Kevin Warsh. Spot gold was up 0.4% at $4,668.19 per ounce, as of 0146 GMT, after hitting its highest since May 14 earlier in the session. US gold futures rose 0.6% to…",
  "key_points": [
    "Gold hits three-month high at $4,668.19 per ounce",
    "US Treasury's buyback announcement fuels buying momentum",
    "Fed Chair Warsh's speech at Jackson Hole conference awaited"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "Gold touches highest level since mid-May as buying momentum builds",
        "url": "https://urgent.news/2026/08/25/gold-touches-highest-level-since-mid-may-as-buying-momentum-builds",
        "published": "2026-08-25T03:24:21.000Z"
      }
    ]
  },
  "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."
}