26 Aug 2025
Gold picks up pace, retargets $3,400 on USD selling
Gold prices are climbing again, snapping Monday’s brief dip and pushing back toward the key $3,400 per ounce level.
Dollar slide fuels the rally
The renewed push higher comes as the US dollar resumes its downward trend, while mixed Treasury yields add to the momentum. Political jitters also lend support after President Trump’s shock move to fire FOMC Governor Lisa Cook reignited debate over the central bank’s independence.Fed easing hopes stay alive
Traders continue to price in Fed rate cuts as soon as September, a view reinforced by Powell’s dovish tone at Jackson Hole last week. That helped bullion recover quickly after Monday’s pause.
