gold price - Daily Scope 24

Gold price August 2026: 3-month high as the debasement trade returns

August 24, 2026 by Daily Scope 24

$Gold price August 2026: stacked ingots rising through fractured dollar silhouette on charcoal macro desk$

Gold price reached a 3-month high Aug. 24 above $4,680 as Treasury buybacks revived the debasement trade. Spot gold is up about 14% in August. Physical Q2 demand hit a near-five-year low — the rally is monetary, not jewelry-led.