Report published August 17, 2026
World Gold Council Weekly Markets Monitor: Gold Rebounds to $4,391/oz on Cooling US Data
Source and citation context
- Issuer
- World Gold Council
- Report date
- August 17, 2026
- Analysis as of
- August 14, 2026
Finvaulta summarizes World Gold Council's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
The LBMA Gold Price PM rose 1.3% week-on-week to US$4,391/oz, lifting year-to-date returns to +0.5% on softer US economic data and reduced Fed hike expectations. Gold faces major technical resistance at its 200-day moving average of US$4,503/oz, while CTA short-covering in US Treasuries and ongoing ETF inflows provide tailwinds.
Key Takeaways
- 1.Gold prices climbed 1.3% week-on-week to US$4,391/oz, pushing year-to-date performance back into positive territory at +0.5%, supported by momentum, ETF inflows, and rising net futures longs.
- 2.Subdued US inflation, weak retail sales (-0.6% MoM), and softer consumer sentiment reduced expectations for a September Fed rate hike, weighing on yields and supporting gold.
- 3.From a technical perspective, gold has established a base above US$4,203/oz, facing key immediate resistance at the 200-day moving average of US$4,503/oz and the 38.2% Fibonacci retracement level of US$4,574/oz.
Table of Contents
- What you need to know – And breathe out...
- All about Gold
- Market movement across global trading sessions
- The week ahead
- Gold technicals
- Market performance and positioning
- Key Resources
- Appendix 1
- Gold Return Attribution Model (GRAM)
- Last week's ECO data
- Gold Drivers –10yr US Real Yields remain well supported, but still below the 2.58% high of 2023
- 30yr US Bond Yields maintain their break higher from their three-year range
- Gold Drivers – The USD remains under pressure after its rejection of key resistance
- Food price inflation – something to watch for in Q3/Q4 ?
- Key Technical data
- COMEX positioning (tonnes)
- Weekly COMEX futures positioning data
- Weekly ETF Flows
- Year-to-date ETF Flows
- Gold market trading volumes
- Appendix 2
- Gold options volatility overview
- Gold options delta skew
- ETF Options: OI notional by strike
- Future Options: OI notional by strike
- Appendix 3
- Technical Analysis Glossary
- Important information and disclosures
Report data
Gold technicals - Daily chart and key moving averages — as of August 14, 2026.
| Metric | Estimate | Context |
|---|---|---|
| LBMA Gold Price PM | 4390.7 USD/oz | Weekly performance of gold spot price ending Friday, 14 August 2026. |
| Global Gold ETF Weekly Flows | 3639.4 USD millions | Total weekly global fund inflows across gold ETFs. |
| COMEX Managed Money Net Long Position | 441.3 tonnes | Managed money net positioning in COMEX gold futures as of 11 August 2026. |
| US Retail Sales Advance MoM | -0.6% | Largest monthly decline in US retail sales since May 2025. |
| University of Michigan Consumer Sentiment | 51.0 index points | Preliminary UMich sentiment fell from 55.2 in July to 51.0 in August. |
Reports in this series
Weekly Markets Monitor is shown in chronological order through this edition, published on August 17, 2026.
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Reported Data Context
- LBMA Gold Price PM: 4390.7 USD/oz (2026-08-14) · Source: LBMA / Bloomberg / World Gold Council
- Global Gold ETF Weekly Flows: 3639.4 USD millions (Week ending 2026-08-14) · Source: World Gold Council
- COMEX Managed Money Net Long Position: 441.3 tonnes (2026-08-11) · Source: CFTC / Bloomberg / World Gold Council
- US Retail Sales Advance MoM: -0.6 % (July 2026) · Source: Bloomberg / World Gold Council
- University of Michigan Consumer Sentiment: 51.0 index points (August 2026 (Preliminary)) · Source: University of Michigan / Bloomberg