Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Forex

Gold Surges to Near Two-Month High Amid Weak US Retail Data

Guavy AI Editorial Team
Instruments
USD
Share

Gold prices reached near two-month highs of around US$4,400 per ounce on August 17, driven by weak US retail sales data that weighed on the US dollar and eased fears of imminent interest rate hikes.

The yellow metal extended a two-week advance, supported by central bank purchases and investor appetite. Spot gold was 0.4% higher at US$4,391.60 an ounce at 10:50 am in Singapore.

Analysts note that a break above US$4,400 is needed to confirm further momentum. The minutes of the Federal Reserve's July policy meeting due on Wednesday are set to provide some clarity on rate considerations.

More on Forex

Forex just now

Weak Yen Puzzles Markets Despite Rising Interest Rates in Japan

Forex 1m ago

USD/JPY Stays Afloat Despite Soft US Data

Forex 1m ago

Japan's Economic Growth Slows, Weighing on BoJ Rate Hike Plans

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy