Gold Price Hits New High Above $4,500/oz Amid US Treasury Debt Management

The global bullion market has maintained its bullish trajectory, with spot gold surging to $4,542.76 per ounce on August 21, 2026.

This represents a daily gain of +$24.31 (+0.54%) and marks the metal's third consecutive weekly increase.

The ongoing US Treasury debt management operations have driven this upward trend, as scaled-up buyback announcements exert downward pressure on benchmark yields.

As a result, institutional funds are being allocated into safe-haven commodities like gold, further fueling its price rise.