Why Gold Went Hot Yesterday & What May Happen Next Week

By Md Golam Rabbani

On 22 August 2025, gold prices went up fast — almost 1%, reaching $3,372 per ounce, the highest in almost two weeks. Here’s why:

1️⃣ Powell’s Speech

U.S. Federal Reserve Chief Jerome Powell spoke at Jackson Hole. He hinted the Fed might slow down strict policies. Investors saw this as a positive sign, and gold went up.

2️⃣ Safe-Haven Money

When markets feel risky, people look for safe places to keep their money. Gold is always a trusted option. So, more people bought gold, pushing prices higher.

3️⃣ Analysts Are Positive

Big banks like RBC Capital say gold could reach $3,800+ next year. When experts are bullish, investors feel confident to buy more.

4️⃣ Mining Companies Doing Well

Gold mining stocks like Newmont and Barrick also went up, attracting more investment into gold.

🔮 What Could Happen Next Week?

For 25–29 August 2025, gold may stay strong but could move up and down a bit.

Price Range: $3,340 – $3,405 per ounce

Bullish Case: If the Fed hints at a rate cut, gold could go above $3,400

Support Level: $3,300 is a key support; if it falls below, prices may drop

Technical View: Gold broke through $3,378, showing upward momentum

Key Reasons for Next Week:

Fed may ease interest rates