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On this day — August 14, 2023
Monday — typically a high-volume trading day as markets digest weekend news. Asian gold imports often see Monday surges in major demand countries.
Day 226 of 365 · Q3 2023 · 61.9% through the year
August 2023 gold market: Surging yields pressure gold
BearishA sharp rise in long-term yields weighed on gold.
Gold slipped toward $1,890–$1,915 in August as US Treasury yields climbed sharply — the 10-year pushed above 4.3% — on resilient growth and heavy government bond issuance. Higher yields steadily eroded gold's appeal.
What drove gold in August 2023
- 10-year yield above 4.3%
- resilient US growth
- heavy Treasury issuance
- firm dollar
Themes#rising yields#bond supply#US dollar strength
Key events in August 2023
- Aug 21Gold dips below $1,900 as yields spike
What happened next
Yields kept climbing into September, dragging gold toward its autumn low.
For gold buyers
August underlined gold's tug-of-war with the bond market — when yields surged, gold had little defence.
Aug 14 across the years — 2020 → 2022
20202022
| Year | Aug 14 close | vs prior | |
|---|---|---|---|
| Aug 14, 2022 | $1,802.38 | +1.61% | View |
| Aug 14, 2021 | $1,773.90 | -8.79% | View |
| Aug 14, 2020 | $1,944.80 | — | View |
Each row is the verified XAU/USD spot close for Aug 14 of that year. Click any row to open the full daily archive (with country tables for Aug 14, 2020+).