Gold Prices Hit $4,571 as Government Eases Pressure on Borrowing Costs

Gold futures closed at $4,571.40 per ounce on August 20, 2026, up 0.6% and adding to a 2% jump the day before. The U.S. Treasury pushed down bond yields — the interest rates the government pays borrowers. When those rates fall, gold becomes more attractive because gold pays no interest. Spot gold dipped 0.1% to $4,516.19.