Gold Price Rally: Why Gold Surged 16% In August; Key Triggers Behind The Comeback

Gold has staged a sharp comeback after a prolonged period of consolidation, gaining around 16% in the past month. Ajay Kedia, MD & Director, Kedia Advisory, highlights several factors driving the rally, including fading expectations of a US Fed rate hike, softer crude prices and easing Middle East concerns. Continued Chinese demand and central-bank buying, sustained ETF inflows and a weaker dollar index are also supporting gold prices. With India entering the festive season, physical demand is providing another boost. Together, these factors have strengthened the outlook for gold and helped drive its recent surge.