Spot gold prices surpassed $4,620 per ounce with a daily increase of 2.25%. As a safe-haven asset, gold has recently been affected by global macroeconomic uncertainties, rising inflation expectations, and continued gold purchases by central banks in multiple countries. The overall price trend remains strong, and this significant intraday rise further highlights the increased market demand for gold allocation.

According to data released by Intercontinental Exchange (ICE), in the week ending August 18, net long positions held by speculators in the diesel market increased by 1,807 contracts from the previous week, reaching a total of 92,522 contracts. During the same period, net long positions in Brent crude oil among speculators rose by 11,149 contracts, bringing the total to 251,897 contracts. Net long positions in the natural gas sector also grew by 1,807 contracts, with the final total reaching 92,

The international benchmark Brent crude oil futures price rose by 1% during intraday trading, with the latest quote at $94.75 per barrel.

Intercontinental Exchange (ICE): As of the week ending August 18, Brent crude oil speculators’ net long positions increased by 11,149 contracts to 251,897 contracts.

Spot gold has just surpassed the $4,620.00/ounce mark, now quoted at $4,619.20/ounce, up 2.21% for the day; COMEX gold futures main contract is now at $4,677.50/ounce, up 2.32% for the day.