Gold futures hit $4,694.80/oz, the highest since mid-May, driven by dollar weakness, Treasury buybacks, and central bank demand. Goldman sees

Gold prices soar to a near three-month high, driven by a weaker dollar and US Treasury bond buyback announcements.

Spot gold climbed nearly 2% to $4,606.99 per ounce on August 21, 2026, driven by dollar weakness and safe-haven demand amid economic uncertainty.