02/09/2026
Gold surged nearly 15% in August, climbed toward $4,700, and then pulled back.
So, what’s behind the move and what could come next?
From safe haven demand and central bank buying to changing US rate expectations, several factors are shaping Gold’s latest price action.
Swipe through for the key drivers behind the rally, the late August pullback, and what traders should be watching next.
Trade Gold with BtcDana.
Want to see how these drivers connect to the chart? Watch our latest Gold Weekly Market Outlook for the key levels and scenarios to follow this week: https://youtu.be/DpfI8Vc2U2E