Gold Prices Surge 14% in August Driven by Currency Weakness and US Treasury Intervention

Bullion markets experience significant upward momentum following the US Treasury's unexpected bond market intervention, alongside broader currency fluctuations boosting safe-haven demand.

28 Aug, 05:22 — 28 Aug, 05:22

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bloombergHigh7d ago

Wolf: Currency Weakness, Intervention Lift Gold Flows

Gold has been up around 14% in August, bullion given fresh impetus by the US Treasury's unexpected intervention in the bond market. Guy Wolf, Global Head of Market Analytics at Marex spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the reason that is helping gold rise. (Source: Bloomberg)

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Gold Prices Surge 14% in August Driven by Currency Weakness and US Treasury Intervention

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Wolf: Currency Weakness, Intervention Lift Gold Flows

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