Gold remains at a three-month high due to the return of trading amid depreciation.
2026-08-25 08:10:30
According to CoinMeta, the price of gold has remained at a three-month high as investors see Washington's attempts to manage borrowing costs as a reason to hold gold. Although the benefits brought about by the U.S. Treasury Department's repurchase program have completely subsided, the dollar has not rebounded accordingly; the Dollar Index is still near its lowest level since May, which continues to support demand for gold. With the July personal consumption expenditure data and Federal Reserve Chairman Kevin Warsh's Jackson Hole speech approaching, the next move for gold may depend on whether these two events will exacerbate or alleviate current concerns regarding debt and currency.
Source:Internet
This content is for market information only and does not constitute investment advice.
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