August 24, 2026 - Dow Rises 0.98% to 53,277.01, Gold Gains 0.97% to $4,648.67 and Brent Falls 1.54% to $88.60

Global Markets

(A) Precious Metals

Gold: $4,648.67/oz (+0.97%)

Gold rose 0.97% to $4,648.67/oz as a weaker U.S. dollar, debt concerns and uncertainty ahead of U.S. inflation data supported demand. Expectations around upcoming Federal Reserve signals also kept interest in gold elevated.

Silver: $69.17/oz (+0.24%)

Silver gained 0.24% to $69.17/oz, supported by dollar weakness and broader strength in precious metals. Gains were limited as markets stayed cautious ahead of key U.S. economic and policy updates.

(B) Energy

Brent Crude: $88.60/bbl (-1.54%)

Brent crude fell 1.54% to $88.60/bbl on profit-taking after recent gains and caution ahead of further details on U.S. sanctions against Iran. Ongoing risks around Iranian supply and the Strait of Hormuz helped limit the decline.

(C) FX

USD/JPY: 158.92 (-0.06%)

USD/JPY edged down 0.06% to 158.92 as U.S. debt concerns and the Treasury’s expanded long-dated bond buybacks pressured the dollar. Expectations that upcoming Bank of Japan commentary could signal another rate hike also supported the yen.

EUR/USD: 1.1680 (+0.03%)

EUR/USD rose 0.03% to 1.1680, supported by broad dollar weakness as concerns over U.S. fiscal conditions and efforts to restrain long-term Treasury yields weighed on the greenback. Analysts said attempts to suppress longer-term yields could shift pressure onto the dollar.

AUD/USD: 0.7166 (+0.29%)

AUD/USD gained 0.29% to 0.7166, trading close to a three-month high as U.S. dollar weakness supported non-dollar currencies. Markets remained focused on U.S. debt concerns and upcoming Federal Reserve policy signals.

High-Impact Economic Events

Note: These economic events are for informational purposes only. Please conduct your own research before making any market decisions.

Volatility

The VIX stood at 15.13, showing easing market anxiety after U.S. equities recovered, while Treasury yields and geopolitical risks remained in focus.

What Traders Are Watching

1. U.S. Sanctions on Iran - Markets are awaiting details of new U.S. sanctions targeting Iran and its trading partners, with developments around the Strait of Hormuz remaining important for global oil supply.

1. Federal Reserve and Jackson Hole - Investors are focused on Fed Chair Kevin Warsh’s upcoming Jackson Hole speech for signals on monetary policy, particularly after the recent rise in long-term Treasury yields.

1. U.S. Inflation and Treasury Yields - Upcoming PCE inflation data and elevated long-term yields remain in focus, with the 30-year Treasury yield still near multi-year highs despite expanded Treasury bond buybacks.