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Gold Rally Builds Into Jackson Hole as Longs Hit 141,648

Published August 24, 202610 min read
Gold Rally Builds Into Jackson Hole as Longs Hit 141,648

Gold futures are running at $4,694.70 in Monday's early session, up nearly 2% from Friday's $4,605.40 New York close, and that close itself capped a third straight weekly gain. This is a continuation trade, not a fresh catalyst: nothing new broke over the weekend, and the move is carrying momentum from a market that closed last week strong and thin. GLD finished Friday's cash session at $423.36, up 1.95%, and SLV closed at $62.72, up 1.72%. Silver futures (SI=F) are actually a touch softer at $68.83 versus Friday's $69.16, a reminder that the cash ETF and the futures curve aren't always telling identical stories on any given morning.

Key Takeaways Gold futures (GC=F) are at $4,694.70, up from…

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