Gold fell on Tuesday as higher oil and US Treasury yields raised the opportunity cost of holding non-yielding bullion, though it remains over 10% higher month-to-date. A Mitsubishi UFJ Financial Group analyst said recovering investor demand and central-bank purchases continue to underpin prices. The Fed’s July minutes and Fed Chair Kevin Warsh’s remarks at the Jackson Hole symposium will be key for the rate outlook.

2026-08-18

Gold fell on Tuesday as higher oil and US Treasury yields raised the opportunity cost of holding non-yielding bullion, though it remains over 10% higher month-to-date. A Mitsubishi UFJ Financial Group analyst said recovering investor demand and central-bank purchases continue to underpin prices. The Fed’s July minutes and Fed Chair Kevin Warsh’s remarks at the Jackson Hole symposium will be key for the rate outlook.