Gold Market Commentary: It is At all times The Quiet Ones


Anthony Bradshaw

Flying excessive in August

Following a robust month-to-month enhance in July, gold posted one other wholesome acquire in August to complete 3.6% increased at US$2,513/oz. It additionally reached a brand new all-time on 20 August earlier than a really marginal decline into month finish (

USD (oz) EUR (oz) JPY (g) GBP (oz) CAD (oz) CHF (oz) INR (10g) RMB (g) TRY (oz) AUD (oz)
August value 2,513 2,275 11,811 1,915 3,391 2,135 67,774 573 85,644 3,715
August return 3.6% 1.3% 0.6% 1.3% 1.2% 0.0% 3.8% 1.6% 6.6% 0.0%
Y-t-d return 20.9% 20.8% 25.3% 17.3% 23.2% 22.1% 21.9% 20.8% 39.6% 21.8%

*Information to 31 August 2024. Based mostly on the LBMA Gold Value PM in USD, expressed in native currencies.

Supply: Bloomberg, ICE Benchmark Administration, World Gold Council



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