Gold prices today, Thursday, August 20, 2026: Gold rallies after Treasury announcement, FOMC meeting minutes
Gold prices today, Thursday, August 20, 2026: Gold rallies after Treasury announcement, FOMC meeting minutes
Source: Yahoo Personal Finance
―
DW NOTE
The Treasury just announced something that sent gold up 4.85% in a week — and the story doesn't say what it was. The Strait of Hormuz has been effectively closed for four days, oil supply is down 4.3 million barrels per day globally, and gold is still 14% below its January high. Whatever the Treasury said, the market thinks it's more significant than a closed Persian Gulf.