Commodities
Gold Prices Rise for Third Week as Dollar Weakness Continues
The gold price today is holding steady at $4,514.23 per ounce on August 21, 2026, after hitting its highest level since early June in the previous session.
This marks a third consecutive weekly gain for gold, up 3.2% this week, supported by a weaker US dollar and US Treasury Department efforts to hold down longer-term bond yields.
The US dollar is on track for a weekly loss as investors view the US Treasury's bond buyback program as a temporary fix rather than a structural solution to rising yields.