#GoldReclaims4500

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About GoldReclaims4500

On Aug 20, spot gold reclaimed $4,500/oz after previously topping $4,430. SPDR Gold Shares added 9.41 tonnes to 1,034.65 tonnes, while 53 China-listed gold funds reached RMB424.2B by Aug 19, up RMB26.8B from month-start. Views diverge: UBS sees gold nearing $5,000/oz in H1 2027, while Wells Fargo cut its 2026 and 2027 targets. A weaker dollar, lower Treasury yields and deficit concerns remain supportive, but rising long yields or stronger risk appetite could expose late buyers to a pullback.