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On this day — August 21, 2025

Thursday — a normal trading day. Weekly US initial jobless claims publish at 8:30 AM ET on Thursdays, occasionally producing intraday gold movement.

Day 233 of 365 · Q3 2025 · 63.8% through the year

August 2025 gold market: Fresh highs on safe-haven and ETF demand

Bullish

Another breakout on safe-haven, ETF and central-bank demand.

Gold surged to new highs in August as investors sought protection from geopolitical tensions, large fiscal deficits, and currency risks. Strong ETF inflows, sustained central-bank purchases, and broad safe-haven demand combined for another major breakout.

What drove gold in August 2025

  • strong ETF inflows
  • safe-haven demand
  • central-bank purchases
  • fiscal-deficit and currency concerns
Themes#ETF inflows#safe-haven demand#all-time high

What happened next

A weakening US dollar extended the rally into the autumn.

For gold buyers

August reinforced the pattern: with multiple independent demand sources active, gold kept making new highs.

Aug 21 across the years — 20202023

-1.8% over 3 years
20202023
YearAug 21 closevs prior
Aug 21, 2023$1,889.85+8.05%View
Aug 21, 2022$1,749.09-1.69%View
Aug 21, 2021$1,779.10-7.55%View
Aug 21, 2020$1,924.40View
Each row is the verified XAU/USD spot close for Aug 21 of that year. Click any row to open the full daily archive (with country tables for Aug 21, 2020+).