Gold Prices Surge 15% in August Driven by Central Bank Buying and Rate Expectations

Decoding gold rally: Why yellow metal surged 15% in one month and should bullion be in your portfolio?

Gold has staged a sharp 15% rally in August after a volatile start to the year, supported by renewed ETF inflows, strong central-bank buying, expectations around US interest rates, Treasury buybacks and a weaker dollar. With investment demand expected to remain a key driver through 2026, investors and analysts including John Paulson and Christopher Wood remain bullish on gold and gold miners.