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Gold Price Near $4,500
The article primarily discusses developments in the global gold market up to August 21, 2026. Gold prices maintained their significant gains over the past six months following the U.S. Treasury Department's decision to increase long-term government bond repurchases. This move led to a decline in the dollar and a drop in bond yields, which supported a sharp rise in gold prices, reaching $4,549 per ounce—an increase of over 4% from the previous day. Significant gains were also observed in other precious metals such as silver and platinum. Expectations are that gold prices will continue to be supported by economic factors like rising energy costs and inflationary pressures, despite the potential for future interest rate hikes. These developments are seen as indicators of anticipated turbulence in the global financial markets, with investors continuing to seek safe havens.
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