Gold futures bounce to 11-week high amid steady central bank demand. 8/14/26

Bob Iaccino of Path Trading Partners breaks down the recent price action in Gold futures. After an early sell-off, prices rebounded to close positive, reaching their highest level in 11 weeks. The commentary highlights shifting expectations for a September rate hike, with probabilities falling below 40% following recent inflation data. Additionally, consistent demand from central banks continues to provide fundamental market support, as Q2 saw a net addition of 289 metric tons to global reserves, led by steady purchases from China and renewed interest from South Korea. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/metals.html #Gold #FuturesTrading #CentralBanks