{
  "id": 3750273,
  "title": "Gold: 4600 Dollar pro Unze: Warum der Goldpreis rasant gestiegen ist",
  "url": "https://urgent.news/2026/08/27/gold-4600-dollar-pro-unze-warum-der-goldpreis-rasant-gestiegen-ist",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T14:04:01.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/gold-4600-dollar-pro-unze-warum-der-goldpreis-rasant-gestiegen-ist/100250095.html"
  },
  "original_language": "de",
  "account": "Gold prices skyrocketed since the beginning of the month, surging by nearly 14 percent to around 4600 US dollars per ounce. After a period of weakness following the US attacks on Iran, investor interest in the precious metal has surged once again. One of the triggers for this change is the US intervention in the bond market, which has further strained investor confidence in the financial stability of the United States and the dollar. This mistrust has previously driven the gold price last year and early 2026, as investors shifted their portfolios from bonds to precious metals and cryptocurrencies. If the gold price remains at the current level by the end of the month, it would be the strongest monthly increase in 27 years, according to Chief Analyst Markus Blaschzok from the precious metals dealer Solit-Group. The price increase this month has been largely fueled by rising investment demand and short-coverings. A number of gold-friendly news caused speculators to increasingly bet on the continuation of the rally from the previous year, writes Blaschzok. The most important of these news was the US Treasury's announcement on Wednesday to double the planned purchases of ten, 20, and 30-year government bonds with maturities to at least four billion dollars. As a result, the gold price rose by more than four percent, which was the strongest daily gain in six and a half months. This vote of mistrust in the financial stability of the US could hardly have been more pronounced. Before the announcement of US Treasury Secretary Scott Bessent, the yield on 30-year US bonds had risen to its highest level since 2007. Because the US is heavily indebted, with government debt first exceeding the 40 trillion dollar mark. Instead of addressing the root cause – high spending – Bessent seems to prefer to tackle the symptoms. \"A structural debt problem cannot be solved with additional liquidity. New bond purchases do not change the budget deficit or the rising state borrowing costs,\" writes Blaschzok. However, he also warns that the rally could be vulnerable to corrections, as it has mainly been driven by expectations so far. \"Only if the Federal Reserve and other central banks finally buckle under rising financing costs and growing problems on the bond markets and react again with large-scale bond purchases and an expansion of the money supply, will the rally gain a new monetary basis.\" Should this not happen and oil prices rise to more than 100 dollars, gold could be corrected more strongly and fall to 4200 US dollars per ounce. Analysts at UBS remain cautious about gold for now and keep their yearly end forecast of 4600 US dollars per ounce, but see a price of 5400 US dollars by the end of September 2027, making short-covering in the 4000-dollar range good buying opportunities. More: Despite a price crash, gold demand remains stable.",
  "summary": "Der Goldpreis ist seit Monatsanfang um fast 14 Prozent gestiegen. Sollte er sein Niveau halten, ist das der größte Monatsanstieg seit 27 Jahren. Warum Anleger aber vorsichtig sein sollten.",
  "key_points": [
    "Gold prices surged 14% to around 4600 US dollars per ounce",
    "US Treasury doubled planned bond purchases, boosting gold demand",
    "Rally vulnerable to corrections if Fed reacts to rising financing costs"
  ],
  "editors_take": null,
  "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."
}