SENSEX
NIFTY
GOLD
USD/INR

Weather

image 26    C

Business News

The Economic Times

Business / The Economic Times

details

Gold rallies to 3-month high on weaker dollar, bullish technicals

Gold prices soared to a three-month high on Friday, marking its third consecutive weekly increase. This rally was driven by a softer U.S. dollar influenced by Treasury buyback strategies. Analysts identify the surge as a bullish signal after a notable break above significant moving averages. Investors are increasingly attracted to gold and related exchange-traded funds, while other precious metals such as silver and platinum also saw substantial gains.

21 Aug 2026 8:36 pm