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Reasons for rising gold prices globally
Global gold prices experienced a notable rise, with the price per ounce reaching $4,591.45, reflecting an increase of over 1.60% on Saturday, August 22, 2026. The weekly gain was approximately 4.91%. Despite this increase, it does not indicate a strong buying wave from investors; rather, sell positions have significantly decreased as sellers closed their positions, leading to higher prices due to their purchases to settle open positions. Meanwhile, silver prices rose by 1.53% during the day and 6.89% over the week, supported by continued industrial demand for the metal, which reached 657.4 million ounces in 2026, representing 58% of total demand, despite a decline in speculative trading compared to gold.
Notice: This Is an AI-Generated Summary
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