
India Gold market showing signs of recovery
India Gold market showing signs of recovery
En güncel finans ve ekonomi haberlerini, piyasa gelişmelerini, raporları ve analizleri PipVero’da takip edin.

India Gold market showing signs of recovery

Brits regret not buying Gold but didn't learn their lesson

12 years trading Gold. What finally worked?

Last week's main theme has been a shift away from the US dollar towards currencies of economies with stronger fiscal positions and lower debt levels. The brief rally in long-dated US Treasuries helped fuel gains in gold and silver, while the Swiss franc also benefited from increased haven demand.

The Australian dollar not only rallied for an eighth consecutive week – its best run since December 2020 – but the move also accelerated to mark its strongest week in 18. AUD/USD now sits within striking distance of 72c at an 11-week high.

The Gold and oil prices rose as the US Dollar weakened despite high US yields, pointing to inflation risk and growing unease over the US fiscal outlook. Brent crude ended the week above $94 a barrel, while the gold price climbed through $4,600 and the US Dollar slipped to a three-month low against the Euro.

The Japanese yen notched up a rare win against the US dollar last week, aided by the very same forces that have contributed to its persistent weakness over recent years.

Currency analysts lift their near-term EUR/USD view and bring forward a 1.18 target as US debt-market worries put the US Dollar back on the defensive. The Euro to Dollar (EUR/USD) exchange rate ended the week around 1.1677 after a sharp mid-week jump carried the pair as high as 1.1711.

The Gold price's break above its 200-day average strengthens the near-term outlook, with $4,700 now the first major test and $4,500 providing support. The Gold price (XAU/USD) entered the weekend near $4,604 an ounce after climbing more than 5% over the week and reaching its highest level since mid-May.

The Silver price tested $70 after a 17% monthly gain, but bank forecasts diverge sharply between a return to $90 and a retreat towards $63. The Silver price in US Dollars(XAG/USD) ended the week at $68.994 an ounce after its recovery accelerated during the second half of August.

This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.

Scotiabank's conditional GBP/USD objective sits above consensus after Pound Sterling tests the 1.3650/60 resistance area The Pound to US Dollar (GBP/USD) exchange rate has tested the mid-1.36s, putting Scotiabank's conditional route towards 1.41 into focus. ERUK market data show GBP/USD reached an intraday high near 1.3675 before.

Dollar's selloff is not just about this week's Treasury buyback announcement. DXY has broken important support and is moving toward levels that could turn a medium-term decline into a much larger structural breakdown.

For the week of August 17th, 2026, Statistics Canada released the July CPI report, showing headline inflation accelerating to 3.0% YoY—beating forecasts — driven by surging gasoline and travel costs, while underlying core metrics remained relatively subdued. In response, the Canadian dollar strengthened immediately, pushing USD/CAD down roughly 0.2% to 1.3850 on the day.

During the week of August 17–21, 2026, major currency pairs rallied against the U.S. dollar amid shifting monetary policy expectations. While accelerated Canadian inflation bolstered the CAD and a cooling job market complicated the RBA's outlook in Australia, markets looked past hawkish FOMC minutes to price in upcoming Fed rate cuts, driving broad gains led by NZD and AUD.