{
  "id": 3182318,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T03:24:21.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/gold/gold-touches-highest-level-since-mid-may-as-buying-momentum-builds/article71387137.ece"
  },
  "original_language": "en",
  "account": "Gold prices surged to a level not seen since mid-May, propelled by a wave of buying momentum in the market. The increase was fueled by a recent announcement from the U.S. Treasury, which revealed plans to double the size of liquidity support buyback operations for longer-dated notes and bonds. This news sent spot gold prices soaring, reaching a high of $4,676.75 per ounce, and surpassing the highest point observed since May 14. Similarly, US gold futures also experienced an uptick, climbing 0.8 percent to $4,734.50. The rally gained further momentum last week following the Treasury's announcement, which further boosted investor confidence.\n\nAs markets continued to watch closely, the focus shifted to upcoming U.S. inflation data and a highly anticipated speech by Federal Reserve Chair Kevin Warsh later in the week. These developments were expected to provide crucial insights into potential interest rate changes. The US Personal Consumption Expenditures report, widely regarded as the Federal Reserve's preferred inflation gauge, was scheduled for release on Wednesday, adding to the market's anticipation.\n\nFed Chair Warsh's upcoming address at the annual Jackson Hole conference garnered significant attention among traders and analysts alike. His speech was anticipated to offer clarity on the recent surge in bond yields and serve as reassurance of his independence from the Trump administration. In response to the market's bullish sentiment, Citi Securities raised its zero-to-three-month gold price target on Monday to $4,800 an ounce, while maintaining a six-to-12-month target at $5,000. Analysts cited potential factors such as easing tensions around the Strait of Hormuz, lower real interest rates, and a less hawkish Federal Reserve as contributing to the rally's prospects.",
  "summary": "Among other metals, spot silver gained 0.5% to $69.29 per ounce, platinum rose 0.3% to $1,880.78 and palladium firmed 0.2% to $1,359.14",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "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",
        "published": "2026-08-25T02:48:07.000Z"
      }
    ]
  },
  "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."
}