Gold Holds $4,064 as Central Banks Signal Record Buying

Gold is holding $4,064 per ounce on Tuesday as the market sits at a crossroads: record central bank buying intent on one side, a Fed that futures markets give a 35.8% probability of hiking rates on the other. The physical bid is real. The macro headwind is too. Key Takeaways Spot gold held $4,064 on August 4, 2026, capped below $4,100 since mid-July when May PCE data triggered a 5% selloff. The World Gold Council's June 2026 survey found 45% of reserve managers plan to add gold in the next 12 months, the highest reading in nine years of surveys. Silver futures are up 59% over 52 weeks, outpacing gold's 24% gain, with the gold/silver ratio at 68.71. WTI crude rose 18% in July to $80.90, with…
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