#GoldReboundsAbove
$4600Gold Rebounds Above $4,600
Gold prices climbed above $4,600 per ounce on August 24, 2026, reaching around $4,649 and hitting a more than 3-month high.
The rally was supported by a weaker U.S. dollar and growing demand for gold as investors await important U.S. economic data. Gold also gained about 5% last week, adding to the recent upward momentum.
Investors are now watching $4,650 and $4,700 as key levels. A sustained move above $4,700 could strengthen bullish sentiment, while a fall below $4,600 could trigger some profit-taking.
The market will closely follow upcoming U.S. inflation data and Federal Reserve Chair Kevin Warsh’s speech for clues about interest rates.
Key Numbers:
- 🟡 Gold: $4,649/oz
- 📈 Weekly gain: ~5%
- 🎯 Resistance: $4,650–$4,700
- 📊 2026 record: above $5,500
- 🥈 Silver: ~$68.93/oz
Gold prices can change quickly, so these figures reflect the market at the time of reporting.
$4600Gold Rebounds Above $4,600
Gold prices climbed above $4,600 per ounce on August 24, 2026, reaching around $4,649 and hitting a more than 3-month high.
The rally was supported by a weaker U.S. dollar and growing demand for gold as investors await important U.S. economic data. Gold also gained about 5% last week, adding to the recent upward momentum.
Investors are now watching $4,650 and $4,700 as key levels. A sustained move above $4,700 could strengthen bullish sentiment, while a fall below $4,600 could trigger some profit-taking.
The market will closely follow upcoming U.S. inflation data and Federal Reserve Chair Kevin Warsh’s speech for clues about interest rates.
Key Numbers:
- 🟡 Gold: $4,649/oz
- 📈 Weekly gain: ~5%
- 🎯 Resistance: $4,650–$4,700
- 📊 2026 record: above $5,500
- 🥈 Silver: ~$68.93/oz
Gold prices can change quickly, so these figures reflect the market at the time of reporting.