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The Economic Times

Gold extends August rally with prices up over 16% as weaker dollar and safe-haven demand lift buying

AI Market Summary
Gold’s August rebound is being driven by a weaker dollar (lower DXY), easing rate-cycle expectations that reduce real-yield pressure, and renewed safe-haven demand amid Middle East risks. Persistent central-bank buying and Asia-focused physical demand (China investment flows and India’s upcoming festive/wedding season) reinforce support. Near-term positioning may see profit-taking volatility, but the news flow is broadly supportive for gold-linked markets.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+0.62%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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International gold prices have jumped more than 16% in August, while MCX Gold Futures are up nearly 14%, supported by a weaker U.S. dollar, rising safe-haven demand and seasonal buying. Dollar softness reflects growing expectations that the Federal Reserve is nearing the end of its rate-hiking cycle. With inflation concerns easing, pressure on bond yields has moderated, improving the appeal of non-yielding assets such as gold. Longer-term factors including reserve diversification and dedollarisation continue to underpin a bullish outlook.
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