Gold extended its weekly advance on August 25, with prices staying firm on a softer dollar and robust allocation demand. CBCX noted that performance within the precious metals complex has been uneven, with platinum standing out on supply constraints while gold continues to draw inflows from exchange-traded funds. Latest data shows major gold funds recorded roughly $1 billion in net inflows on a single day, pushing total assets under management higher.

CBCX believes the incremental capital provides support for prices, but rising miner costs and improving supply dynamics in some metals point to sustained divergence across the sector. Gold's medium-term pricing remains anchored to real interest rates, dollar trends, and official reserve demand. If bond yields stay elevated, carrying costs could act as a constraint; conversely, a weaker dollar could keep investor appetite for precious metals resilient.

Following the rapid ascent, the market now needs to assess whether fund inflows remain consistent and whether prices can hold above their breakout range. CBCX expects gold to continue swinging on macroeconomic data, and any trend evaluation should weigh both capital flows and production cost shifts. Risk disclaimer: This article is for informational purposes only and does not constitute investment advice. Forex and precious metals are high-risk products that may experience significant volatility and potential loss of principal. Please invest rationally and at your own risk.