Gold Price Hits 15-Week High As Late-Summer Rally Extends

BreakingBusinessGold Price Hits 15-Week High As Late-Summer Rally ExtendsByConor Murray,Forbes Staff. Murray is a Forbes news reporter covering entertainment trends.Follow AuthorAug 24, 2026, 11:03am EDTToplineThe price of gold rose to a 15-week high early Monday, as analysts credit a Treasury Department decision to ramp up buybacks of long-dated government debt for a sustained late-summer rally in the precious metal’s price.Gold reached a 15-week high on Monday. (Photo by Alexander Manzyuk/Anadolu via Getty Images)Anadolu via Getty ImagesKey FactsGold futures rose more than 1% on Monday morning to an intraday high of $4,738.50, while spot gold rose about 1.5% to a high of $4,679, both of which are the highest levels since mid-May.Gold has rallied after a mostly flat few months, with last week becoming the precious metal’s third straight week of a price increase.Analysts have credited last week’s Treasury Department announcement that it would ramp up buybacks of long-dated government debt, which pushed gold’s price upward by about 5% last week. Analysts at Saxo Bank on Monday said gold’s recent price rally has attracted “fresh technical and momentum-driven demand.”ActivTrades senior analyst Ricardo Evangelista told Reuters gold’s price has consolidated above $4,600 with potential for future gains, though additional gains will “depend to a large extent on the U.S. dollar remaining under pressure and Treasury yields stabilizing at current levels or declining further.” if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd.elements.video/player.js?cid=62cec241-7d09-4462-afc2-f72f8d8ef40a'; script.setAttribute('defer', '1'); script.setAttribute('type', 'text/javascript'); iframeDoc.body.appendChild(script); }; document.head.appendChild(iframe);...