Gold bias flipped 7 times to bullish on August 30, 2026
Central banks bought $47 billion of gold in three months, and physical demand is straining vault capacity, underscoring strong official and retail interest. Heightened geopolitical tensions, including Russian strikes near Kyiv and Iran's control over the Strait of Hormuz, are prompting safe-haven flows. Additionally, the odds of an interest-rate cut rose double digits after comments from Fed Chairman Kevin Warsh, which could influence gold's appeal relative to yield-bearing assets.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 7 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
- 13:13Weak bullish
- 15:38Neutral
- 19:39Bullish
- 21:35Neutral
- 22:23Bullish
- 22:55Weak bullish
- 23:32Bullish
Headlines (20)
First seen on August 30
- Central Banks Buy $47 Billion Worth of Gold in 3 Monthswatcher.guru
- Silver Touches $70 as Physical Gold Demand Strains Vault CapacityGold Eagle
Carried over from earlier days
- Gold miners steal the spotlight from chip stocksminingmx.com
- Australian gold producer Westgold posts record underlying net profit of $480mMining Weekly
- Commodity weekly: From barrels to bushels and bullion as scarcity broadens the commodity rallyhome.saxo
- Silver Leads Precious Metals Higher Ahead of Warsh as GoldActionForex
- Gold and Silver Surge as the Debasement Trade ReturnsGold Eagle
- Despite Fed Babble, $15,000 Gold And $300-$500 Silver Targets IntactKing World News
- Five Things Moved Gold and Silver This Week. Only One Was Kevin Warsh.GoldSilver
- Gold and Silver Sink as Warsh Cites AI Boom to Justify More Fed TighteningGoldSilver
- Gold price drops as Warsh warns Fed still has ‘work to do’ on inflationMining.com
- Central Banks Buy $47,377,203,440 of Gold In Three Months As JPMorgan Chase Forecasts Nearly 30% Price Increasedailyhodl.com
- investingLive Americas FX news wrap 28 AugInvestingLive
- Fed Chairman Kevin Warsh spoke today and the odds of an interest-rate cut rose double digits. Plus, Hegseth summoned the military’s top brass for a meeting and Russians got a little taste of direct democracy. Read more in today’s What’s News newsletter.The Wall Street Journal
- Gold’s huge AugustMining.com
- IRGC Navy says it has 'full control' over Strait of Hormuzhaaretz.com
- Several killed in Israeli strikes on Gaza and West Bankfrance24.com
- Russian drone strike on Kyiv-area warehouse causes detonation, killing 37jpost.com
- Russian strike on a munitions depot triggers deadly blasts near KyivAl Jazeera
- Bessent On Bonds; Warsh On InflationGold Eagle
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, September 1 | ||
| Retail Sales y/y | 1.3% | CHF |
| Manufacturing PMI | 54.1 | CHF |
| FOMC Member Barr Speaks | USD | |
| Final Manufacturing PMI | 53.3 | USD |
| ISM Manufacturing Prices | 71.2 | USD |
| Construction Spending m/m | 0.0% | USD |
| JOLTS Job Openings | 7.33M | USD |
| ISM Manufacturing PMI | 55.2 | USD |