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Gold Hits Three-Month High as ETFs See 46.7 Tons Inflows

8/25/2026

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Summary

Gold Surges

U.S. gold prices rose to their highest level in over three months on Monday.
The rally followed the U.S. Treasury Department’s bond-buyback announcement and a weaker dollar.
Gold-backed ETFs attracted inflows of 46.7 metric tons ($6.4 billion), the strongest weekly demand in ten months.
Investors await the July PCE price index and Fed Chair Kevin Warsh’s Jackson Hole speech for rate guidance.

Summary

Bessent Doubles Buybacks

Treasury Secretary Bessent announced doubling Treasury buybacks to at least $4 billion per operation.
The buyback aims to lower long-term yields and signal that yields do not reflect fundamentals.
Jackson Hole 2026 will focus on “Financial Innovation: Implications for Payments and Policy,” covering digital payments and stablecoins.
CFD traders are advised to avoid headline-only trades, set stop-losses, and expect wider spreads during the event.

History

Historical Context

In August 1971 President Richard Nixon halted the dollar’s $35-per-ounce gold convertibility, ending the Bretton Woods fixed-exchange system that had anchored post-war trade. Facing 4.7% inflation, large budget deficits and the United States’ first trade deficit, he paired the “Nixon shock” with temporary wage-price controls and Treasury purchases of more than $2 billion in securities to shore up liquidity.

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Gold Surges

U.S. gold prices rose to their highest level in over three months on Monday.
The rally followed the U.S. Treasury Department’s bond-buyback announcement and a weaker dollar.
Gold-backed ETFs attracted inflows of 46.7 metric tons ($6.4 billion), the strongest weekly demand in ten months.
Investors await the July PCE price index and Fed Chair Kevin Warsh’s Jackson Hole speech for rate guidance.

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