
Gold: Debasement narrative lifts prices – TD Securities
Gold: Debasement narrative lifts prices – TD Securities
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Gold: Debasement narrative lifts prices – TD Securities

TL;DR: Gold's Jackson Hole test on Friday isn't really about rate signals — it's about whether Fed Chair Kevin Warsh draws a clear line between monetary policy and Treasury's efforts to influence long-end bond markets, with only one of three likely outcomes genuinely threatening the rally.

Gold has been a major beneficiary of the latest dollar-debasement narrative, hitting fresh multi-month highs in Asian trade on Monday. But tentative signs the US dollar may be trying to bottom ahead of an expected fiscal update from Treasury Secretary Scott Bessent provide a warning for bullion bulls that near-term reversal risks may be growing.
![NZD/USD breaks above a 2 year descending trend line [Video]](https://static.pipvero.com/pipvero/uploads/2026-08/general-1-1787559212-3aa7ce290bd36449.webp)
NZD/USD breaks above a 2 year descending trend line [Video]

British Pound: Range-trade now, 1.3700 in sight against US Dollar – UOB

Gold and silver remain supported as Fed pause expectations rise and Iran tensions persist, with XAU/USD testing $4,661 resistance.

DXY remains pressured by U.S. fiscal concerns as EUR/USD and GBP/USD hold firm, although both pairs face major technical resistance.

Pound-Australian Dollar could remain under pressure if RBA minutes revive rate hike bets, while a quiet UK calendar leaves Sterling reliant on wider market trends. The Pound to Australian Dollar (GBP/AUD) exchange rate traded in a wide range last week amid uneven UK economic data and a shifting market mood.

Pound-Dollar could extend its six-month high if Jackson Hole fails to revive Fed tightening bets and US payroll revisions deepen labour market concerns. The Pound US Dollar (GBP/USD) exchange rate stormed higher last week as markets were spooked by US debt concerns.

Euro: Upside room toward 1.1800 against US Dollar – UOB

Gold eyes $4772.17 to $4968.06 as PCE inflation and Warsh's Jackson Hole speech decide whether the weak-dollar rally continues.

Gold: Upside risks building as fiscal worries grow – ING

Philippines Gold price today: Gold rises, according to FXStreet data

Saudi Arabia Gold price today: Gold rises, according to FXStreet data

NZD/USD Price Forecast: Consolidates near June high as bulls await breakout through 0.6000