Gold Drifts Higher to Around $4,530 in the Asian Session

Gold edges higher to around $4,530 during the early Asian session on Friday. That is the FXStreet stamp, dateModified 20 August 23:37 UTC. This is the Friday daily. It is not a recut of last night’s $4,522 tape. Friday’s silver is the other live metals tape.

The same page says the metal rebounds after falling on the Treasury’s decision to boost longer-dated buybacks. Treasury Secretary Scott Bessent said on Thursday the buyback could increase beyond $4 billion, and that interest rates have nothing to do with that decision.

FedWatch on this page is 36.2% for a September hike

FXStreet reprints the CME FedWatch Tool at a 36.2% chance of a Fed hike at the upcoming meeting, down from 47% a month earlier. Energy-driven inflation, the same page writes, may still limit the upside.

TD Securities, as reprinted there, says the Treasury’s signal to support the long end, alongside a Fed willing to look past higher energy prices, should be enough to support gold in the near term.

Live gold is on prices. The next stamps sit on the economic calendar.

Informational only. Not trading advice, signals, or a guarantee of any market outcome.