International Forex News - August 24

August 25, 2026

FDD-global.com

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Guide

Highlights at a glance

Gold prices soared to a three-month high, driven by a weaker US dollar and market anticipation of key economic events. This week, attention turns to the US PCE price index and a critical speech by Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium. Analysts suggest that any hints about future Federal Reserve policy or shifts in tone by Warsh could impact gold prices significantly. Meanwhile, the US plans to announce unprecedented sanctions against Iran, escalating economic tensions and prompting Iran's threat to block oil exports through key global routes. These developments have fueled uncertainties that investors are closely monitoring for potential ripples in global markets. A balanced tone from the Federal Reserve and clarity on the sanctions plan are key elements driving the financial narrative this week.

Gold Rises to More Than Three-Month High as Market Focuses on Key US Inflation Data and Warsh's Speech

August 24, News: Gold prices rose to their highest level in more than three months on Monday, supported by a weaker US dollar, as market attention turned to key US inflation data and remarks by Federal Reserve Chair Kevin Warsh later this week. Tim Waterer, Chief Market Analyst at KCM Trade, said gold had made an active start to the week and regained buying support, mainly driven by dollar weakness. The market is also paying closer attention to signals from rising yields regarding potential economic stress and policy uncertainty. Markets will watch the July PCE price index and Warsh's speech at the Jackson Hole symposium this week for new clues on the interest-rate outlook. “Traders will closely watch for any change in his tone regarding the policy path, and how those remarks correspond with recent bond-market moves. A balanced or cautious tone that preserves policy flexibility could open the door to further gains in gold prices.”

US Seeks Unprecedented Economic War as Iran Signals Oil Export Retaliation

August 24, News: After US President Donald Trump announced an “unprecedented” economic war against Iran, US Treasury Secretary Scott Bessent confirmed that the specific measures for Iran's “unprecedented economic isolation” would be officially announced on August 24. Iran responded on August 23 by presenting its “oil export retaliation” option: if the United States launches an economic war, there will no longer be oil exports through the Strait of Hormuz or the Persian Gulf region. With less than 24 hours remaining before the United States releases details of the sanctions, public opinion generally views the move as a reluctant choice by Washington amid a prolonged US-Iran conflict and unsuccessful negotiations. Although the specific measures have yet to be announced, some analysts believe the action could ultimately result in a “multiple-loss” outcome. (CCTV)

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