Spot gold
$4,509.91
−0.3% Thursday
Per troy ounce • Reuters at 12:15 p.m. EDT
Wednesday: more than +4%
The pullback surrendered only a small share of the prior surge.
The pullback surrendered only a small share of the prior surge.
Gold Rally on Treasury Markets Meets Rate Challenge, Mining Stocks Amplify Gains
Gold retained much of its Treasury-led surge on Thursday, as some investors moved to lock in gains. Spot bullion was priced at $4,509.91 per ounce at 12:15 p.m. EDT, marking a 0.3% decline for the session following a rise of over 4% the previous day. U.S. gold futures climbed 0.5% to $4,566.40.
Gold • Rates • Mining equities
Treasury shock, then a reality check
Bullion retained most of Wednesday’s jump. Miners still traded with greater upside, while rebounding long yields kept the signal fragile.
Market snapshot
Aug 20, 2026 • 12:15–1:24 p.m. EDT
18:15–19:24 CEST
Aug 20, 2026 • 12:15–1:24 p.m. EDT
18:15–19:24 CEST
Two-day transmission
Policy → yields → gold → miners
The 30-year yield later rebounded to 5.24%, showing that the relief was incomplete.
Bullion proxy
GLD
$413.70
−0.03%1:24:43 p.m. EDT
Miner basket
GDX
$99.41
+2.14%1:20:51 p.m. EDT
Large-cap miner
Newmont
$127.81
+2.18%NYSE:NEM • 1:13:33 p.m. EDT
Forecast dispersion
Selected institutional gold targets
$4,400$6,300
Reuters compilation dated Feb. 2, 2026; horizons vary.
Investor read-through
What the tape is saying
Miner premium vs GLD≈ +2.2 ptsBullish leverage
Fed hold probability67.4%Supportive, not settled
30-year yield5.24%Relief partly reversed
Gold 100-day average≈ $4,381Price remains above
Watch next: whether the 30-year yield stays below Tuesday’s 5.34% peak. That is the cleanest macro test for miner outperformance.
Risk map
Higher real yields / stronger dollarOil-led inflationFurther buyback expansion
Miners add operating-cost, execution and geopolitical exposure. They can fall faster than bullion if the macro signal reverses.
Gold Rises to 10-Week Peak, Miners Record Almost Threefold Bullion Gain
Gold rose to its highest level in 10 weeks on Wednesday, following a Treasury-market intervention that sent long-term yields and the dollar lower. Spot gold increased by 3.5% to $4,486.88 per ounce at 10:35 EDT, after reaching an earlier high of $4,491.16, its strongest since June 4.
Price of gold · investor dashboard
The miner multiplier is the real signal
Gold broke to a 10-week high. Mining shares moved almost three times as much, turning a rates rally into an operating-leverage trade.
$4,486.88
▲ 3.50% spot gold
August 19, 2026 · 10:35 EDT
Gold’s trigger
−0.8%
U.S. dollar index after Treasury doubled some long-bond liquidity buybacks.
Miner ETF
+9.09%
GDX at $97.04. The move was 2.86× GLD’s gain.
Technical break
$4,381
Approximate 100-day moving average cleared by spot bullion.
Session moves · 11:28 EDT
AEM 3.07× GLDNEM 2.66×Barrick 2.30×
Price less latest quarterly AISC
Preliminary buffer at $4,486.88 spot. AISC is non-GAAP.
Agnico Eagle · $3,028/oz
67.5% of spot · AISC $1,459
Newmont · $2,866/oz
63.9% of spot · AISC $1,621
Barrick · $2,621/oz
58.4% of spot · AISC $1,866
Analyst recommendation snapshot
| Miner | Buy | Hold | Sell | Avg target | Upside |
|---|---|---|---|---|---|
| Newmont | 20 | 2 | 1 | $129.27 | 2.8% |
| Agnico Eagle | 18 | 3 | 1 | $214.98 | 4.8% |
| Barrick | 18 | 4 | 0 | $52.46 | 16.1% |
Wednesday’s jump consumed most published upside for NEM and AEM. Barrick retains the widest gap, alongside the highest AISC.
What matters next
14:00 EDTFed July meeting minutes
65%Pre-minutes odds of a September hold
$4,381100-day average now acting as a test
The trade weakens if real yields rebound or the dollar recovers. Miners also carry grade, fuel, royalty, labor and country risk.
Market data: spot gold at 10:35 EDT; listed securities at 11:28 EDT on August 19, 2026. Sources: Reuters, Nasdaq, Newmont, Agnico Eagle and Barrick Q2 results. Consensus providers use different methodologies.
NovaGold shares surge 10% after Donlin agreement boosts per-share exposure
NovaGold Resources Inc. surged after it reached a deal to acquire Paulson Advisers’ 40% interest in Donlin Gold. Shares in New York rose 10.3% to $6.21, while the Toronto listing advanced 10.1% to C$8.74.
Gold Approaches $3,950 Mark Amid Oil Spike, Fed-Hike Fears Rekindled
Gold climbed above $4,000 on Friday, though the metal was still headed for its largest weekly decline in six weeks. Spot bullion increased 0.8% to $4,002.39 by 0624 GMT. U.S. August futures were up 0.4% at $4,006.10. Bullion trading in London remained open.
Gold slips under $4,000 as Iran oil hit rattles haven play and shifts focus to Fed
Gold slipped back under $4,000 an ounce Monday, losing 3.09% to $3,992.20 as tracked by Kitco’s live bid. The drop came with oil climbing above $80 after new U.S.-Iran clashes, and Federal Reserve Governor Christopher Waller flagged the chance of a rate hike if inflation prints hot again. Brent crude gained over 5%.
Gold nears JPMorgan Q3 cap with Fed hike odds steady
Gold has bounced back from dropping under $4,000 in June, but traders say there’s not much room to run. Spot gold fell on Monday as a stronger dollar weighed, though it stuck close to a two-week high after soft U.S. jobs numbers dimmed the odds of an interest rate hike. COMEX gold futures saw solid trading during the Bengaluru session, while U.S. ETF action was waiting for the NYSE to open at 9:30 a.m. ET.
Gold slips under $4,000 with traders watching Fed signals
Gold dropped to its lowest in over seven months on Wednesday, slipping under $4,000 an ounce for a short stretch as the dollar gained and traders bet the Fed might raise rates again this year. Spot gold dropped 2.1% to $4,021.99 an ounce by 1405 GMT. U.S. gold futures were down 2.6% at $4,039.30.
TSMC trades close to highs before holiday as Taiex rides AI wave
Taiwan Semiconductor Manufacturing Co. headed into the Dragon Boat Festival holiday trading at record highs in Taipei. Its U.S.-listed ADR kept moving higher too, with buyers staying focused on AI chip-linked shares.
Gold Recovery Seen Hit by Fed Worries With Iran-Israel Ceasefire Cooling Market
Gold held steady on Monday, recovering from an earlier slide. The metal found support on hopes Israel and Iran will pause hostilities, while a strong U.S. jobs report led traders to see rates staying higher for longer.
Gold Holds Steady; Attention Turns to Jobs Week
Gold picked up late in the week, helping the metal steady up going into June. Still, it wasn’t enough to wipe out a monthly drop, with bullion stuck between ceasefire hopes and concern that U.S. rates will stay elevated.
Gold Drops on Dollar Gains, Wall Street Sinks as Yields Jump
Dollar climbs for fifth day, gold slips, Nasdaq breaks streak The dollar gained for a fifth day on Friday, while gold fell to its lowest in over a week. Higher oil prices, firm U.S. data and surging Treasury yields pushed investors to reconsider how the Federal Reserve could move next. U.S. stocks dropped, and the Nasdaq ended its six-week run of gains.
Gold Price Drop Deepens as Hot Inflation Shakes Fed Bets Before Trump-Xi Talks
Gold slipped for a second straight session on Wednesday, with new U.S. inflation figures dampening hopes for rate cuts and keeping bullion under pressure. Spot prices dropped 0.6% to $4,686.99 an ounce as of 09:05 a.m. EDT, while U.S. gold futures edged up 0.2% to $4,694.70. Peter Grant, vice president and senior metals strategist at Zaner Metals, attributed gold’s weakness over the last two days to markets increasingly bracing for “higher rates for longer.” Investors continued to keep an eye on the Trump-Xi meeting and ongoing tensions in the Middle East.
GLD Gold ETF Alert: $12,000 Gold Call Meets Fresh Inflows and Crowding Risk
Physically backed gold ETFs worldwide, which hold actual bullion and trade similarly to stocks, drew investor flows again in April. SPDR Gold Shares found itself under scrutiny following a sharp rally and a swift drop in bullion prices. According to the World Gold Council, these funds attracted $6.6 billion in new money last month, as gold prices rebound on renewed optimism for a possible U.S.-Iran peace agreement.
Gold Price Today: Bullion Climbs as Dollar Drops and Jobs Report Looms
Gold pushed higher for the third session running on Thursday, lifted as the dollar softened and U.S. Treasury yields slipped. The metal’s rally has gathered momentum on optimism that Washington and Tehran may be edging closer to a peace agreement.
Barrick Mining Stock Jumps 7% as Gold Rally Sets Up a Big May 11 Earnings Test
Barrick Mining Corp. shares surged Wednesday as gold notched its highest level in over a week, setting a stronger stage for the miner ahead of its first-quarter update. That report, due in days, will show if the jump in bullion prices is actually translating into more robust cash flow.
What Influences the Price of Gold? 9 Forces That Can Make Gold Explode — or Drop When Everyone Expects a Rally
Gold isn’t just another metal; it trades like a hybrid—commodity, currency, risk barometer, and hedge against political chaos. It’s never as straightforward as just “supply and demand,” though those forces still count. Ask what really drives gold, and there’s always a tangle of answers. Take late 2025: gold surged above $4,000, marking the first time it held that level through the year’s close. Factors? Dollar softness, Fed chatter, and jittery politics all played their part, according to LBMA.
Gold Price Today: The $4,700 Rally Faces Its First Big Fed Test
Gold slipped under $4,700 an ounce on Monday, pressured by lingering oil and inflation jitters as U.S.-Israeli talks with Iran made no progress ahead of the Federal Reserve’s big week. Spot gold lost 0.6% to $4,682.13 by 1:50 p.m. EDT. U.S. June futures closed down 1% at $4,693.70. Silver, platinum, and palladium dropped as well. “A bit of a problem for gold and silver,” said TD Securities’ Bart Melek, pointing to uncertainty around reopening Hormuz.
Gold Price Faces a $4,700 Test as Oil Shock Revives Rate Fears
Gold slipped 0.2% to $4,685.23 an ounce by 0744 GMT on Friday, tracking toward its first weekly drop in five weeks. Oil-fueled inflation jitters pushed up the dollar and sent bond yields higher, taking some shine off bullion’s safe-haven status. U.S. June gold futures dropped 0.5% to $4,700.50.
Gold eases from one-week bounce as Iran truce holds and Warsh signals hawkish tilt
LONDON, April 23, 2026, 13:30 BST
Gold Price Today Slips as Dollar, Oil Shock Put $5,000 Forecast in Doubt
Gold slipped Monday, with spot prices hitting a one-week low as strength in the dollar and a bump in oil prices took the shine off bullion. By 9:23 a.m. EDT, spot gold had dropped 0.3% to $4,818.03 an ounce. June U.S. gold futures lost 0.8%, settling at $4,839.10.
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