BUYER: DEFENSIVE
Gold extended its August recovery to $4,450.10/oz on Aug 17, a 10-week high and +10.3% above the July 16 trough, after cooling US CPI collapsed September Fed hike odds to 32% from 55% a week earlier. Record Q2 central bank buying (289t), the first monthly ETF inflow since April (+23t in July) and a weaker dollar powered the rebound. The September FOMC remains the swing event: a 32%-priced hike caps near $4,200-4,300, while a dovish hold opens $4,600-5,000. Buyers should maintain accumulation on dips toward $4,200-4,300 and hedge the September meeting.
Verified: 15 / Estimated: 4
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Prices updated Aug 17, 2026 via COMEX settlement
COMEX Price
$4,450.10
+$69.70 (+1.59%) vs prev close
Week Change
+10.3%
$4,033.70 on Aug 3
YTD Return
+3.15%
Jan 2 open $4,314.40
ATH
$5,602
Jan 28, 2026 intraday
2026 Low
$3,985.60
Jul 16, 2026 close
YoY Change
+33.4%
vs Aug 14, 2025
ETF Holdings
4,068t
+23t in July · WGC
CB Purchases
289t
Q2 2026 (record Q2 · WGC)
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