commodities

Gold Extends to $4,694 as Oil Diverges Ahead of Jackson Hole

By Research TeamPublished August 24, 20265 min read

Stacked gold bars glowing under warm light beside a dim, weathered steel oil barrel — Gold extends its rally to $4,694 as oil slides — a split that traders are watching closely ahead of Jackson Hole. Illustration: MarketIntelLabs

Gold futures pushed to $4,694.70 in early Monday trading, capping a third straight weekly gain in price even as managed-money length has now grown for a fourth straight week, while oil is telling a different story entirely. WTI crude sits at $85.68, down 0.80% from Friday, even as the geopolitical premium tied to the Hormuz corridor remains unresolved. That split between metals strength and energy weakness is the setup to watch this week, with Fed Chair Warsh's first Jackson Hole keynote landing August 27-29.

Related Research Related article Related article Related article Key Takeaways Gold futures (GC=F) are at $4,694.70, up roughly 1.9% from Friday's $4,605.40 close, a third straight weekl…

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