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CNBC: Gold rebounds as bond jitters, debt fears and weaker dollar revive bullion demand

8/21/26 Article by Hugh Leask in CNBC

 Gold prices climbed Friday, putting bullion on course for a gain of nearly 5% this week, as bond market jitters, a softer dollar and renewed concerns over U.S. debt helped revive demand for the precious metal.

Gold futures rose 1.67% to $4,647.70 in early trading Friday, while spot bullion prices notched a 1.55% gain, trading at $4,588.08. The advance caps a positive week for the precious metal, which is up 4.7% over the five-day period, with futures moving toward a three-month high.

The rebound follows gold’s sharp reversal from record highs of almost $5,600 earlier this year, and its worst quarterly perfomance since 2013 in the three months through June.

Giovanni Staunovo, commodity analyst at UBS, said rising debt levels globally, coupled with sustained weakness in the dollar, underpinned gold’s surge last year — and now those concerns are returning.

″[That] should lift the price of gold to $5,400 per ounce over the next 12 months, in our view,” Staunovo told CNBC via email.

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Although the information in this commentary has been obtained from sources believed to be reliable, The Gold IRA Company does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice. The Gold IRA Company will not be liable for any errors or omissions in this information nor for the availability of this information. All content provided on this blog is for informational purposes only and should not be used to make buy or sell decisions for any type of precious metals.