Gold bias flipped 18 times to bullish on August 26, 2026
Gold has rallied to near $4,700, lifted by geopolitical risk (Iran) and mounting debt concerns, while UBS's higher target underscores the de-dollarization trend. The metal has since paused and pulled back as traders position for the US core PCE inflation report, where hot readings could reinforce the Fed's hawkish stance. The inflation data is the next key catalyst for gold's direction.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 18 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
- 09:15Bearish
- 10:27Neutral
- 12:35Weak bullish
- 13:08Neutral
- 13:44Weak bullish
- 14:50Neutral
- 16:45Weak bearish
- 17:09Weak bullish
- 18:01Neutral
- 18:21Bearish
- 18:37Neutral
- 18:53Weak bullish
- 19:11Neutral
- 19:59Bearish
- 20:15Neutral
- 21:03Weak bearish
- 22:32Neutral
- 23:28Bullish
Headlines (16)
First seen on August 26
- $4700 back on Gold buyers’ radar as US core PCE inflation data loomsFXStreet
- $4700 tested as Gold pulls back but bullish potential remains intactFXStreet
- Gold retreats after flirting with $4,700: buyers still hold the gripFXStreet
- Gold tumbles as high US inflation supports Fed hawkish betsFXStreet
- UBS backs de-dollarization trend, lifts gold target to $5,400 an ounceInvestingLive
Carried over from earlier days
- 'Dollar Debasement' Sees Gold Erase Summer Slump at $4500Gold Eagle
- Gold rises to the highest since May 15 as dollar doom spreadsInvestingLive
- Gold price rises, silver slips on Treasury cash-pile buyback signalMining.com
- Gold Rally Shows How Treasury Buybacks Are Repricing Monetary RiskInvesting.com
- investingLive Asia-Pacific market news: Gold down, Bitcoin upInvestingLive
- Bitcoin Tops $81,000 as Gold Notches Its Best Month Since 1999BeInCrypto
- Gold SWOT: Gold Rallies as Debt Concerns MountGold Eagle
- Gold price hits three-month high amid fears over Iran war and Trump economyThe Guardian
- Gold pauses after powerful four-day rallyhome.saxo
- Gold Hits Three-Month High as Bitcoin Tests $80,000decrypt.co
- Copper Hits Highest Close in History as Debasement Trade Lifts Gold, Silver, BitcoinBeInCrypto
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, August 26 | ||
| UBS Economic Expectations | CHF | |
| Prelim GDP q/q | 1.5% | USD |
| Prelim GDP Price Index q/q | 6.2% | USD |
| Durable Goods Orders m/m | 0.4% | USD |
| Personal Spending m/m | 0.1% | USD |
| Core PCE Price Index m/m | 0.2% | USD |
| Core Durable Goods Orders m/m | 0.6% | USD |
| Personal Income m/m | 0.2% | USD |