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Gold hits 3-month high as dollar weakens and US Treasury boosts debt buybacks

Market News
21 Aug 2026
Forbes
View Source
Bullish
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Gold and silver prices rose sharply, reaching their highest levels in months due to a weaker US dollar and the Treasury Department's plan to increase buybacks of long-term government debt. Gold futures climbed about 2% to $4,661.70, while silver surpassed $70 for the first time since mid-June. This rally follows a stagnant summer where prices had declined due to a stronger dollar and interest rate concerns. The Federal Reserve's potential rate hikes later this year remain a key factor to watch, as they typically pressure precious metal prices.

More News

HPE posts record Q2 revenue, driven by AI and networking growth, with strong profit gains and raised cash flow outlook.

HPE posts record Q2 revenue, driven by AI and networking growth, with strong profit gains and raised cash flow outlook.

Hewlett Packard Enterprise (HPE) reported a record Q2 FY2026 revenue of $10.7 billion, a 40% increase year-over-year, fueled by a 22.9% rise in Cloud and AI revenue and a 148.2% surge in Networking revenue following its acquisition of Juniper. Profit...

Company Fundamentals
Bullish
4 hours ago
Bitcoin miners' revenue jumps 20% as hashprice hits highest since May, easing margin pressure.

Bitcoin miners' revenue jumps 20% as hashprice hits highest since May, easing margin pressure.

Bitcoin miners have seen a 20.41% rise in hashprice over four days, boosting their revenue to $38.29 per petahash per second, the highest since May. This increase means miners are earning more from the recent Bitcoin price rally, improving profitabil...

Protocol Fundamentals
Bullish
4 hours ago
Zcash holders vote on ending halving for smoother coin issuance curve starting August 25, 2026.

Zcash holders vote on ending halving for smoother coin issuance curve starting August 25, 2026.

Starting August 25, 2026, Zcash coin holders with shielded, spendable balances in the Ironwood pool will vote on whether to abolish the traditional halving schedule and replace it with a smooth, gradually declining issuance curve. This vote, running ...

Market News
Neutral
4 hours ago
Bitcoin Cash jumps 18% but risks pullback amid weak spot demand and high leverage.

Bitcoin Cash jumps 18% but risks pullback amid weak spot demand and high leverage.

Bitcoin Cash (BCH) surged 18% in the past day but remains down over 52% in the last 90 days. The rally is largely driven by increased leverage in the perpetual market, where long positions dominate and funding rates have spiked, signaling potential o...

Technical Signals
Neutral
5 hours ago
Bitcoin falls below $76K, wiping out $100M in leveraged long positions amid sharp sell-off.

Bitcoin falls below $76K, wiping out $100M in leveraged long positions amid sharp sell-off.

Bitcoin's price dropped below $76,000, triggering forced liquidations that erased $100 million in leveraged long positions on crypto platforms. This cascade of selling intensified downward pressure, reflecting a recurring pattern where the $75K-$76K ...

Market News
Bearish
5 hours ago
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