Gold prices fluctuated on Tuesday. Prices dipped below $4,300 per ounce before recovering. Hawkish commentary from Federal Reserve officials initially pressured the non-yielding asset. Officials suggested the possibility of further interest rate hikes.
Reports confirmed China's gold imports reached an all-time high. This provided significant support for prices. Through the first eight months of 2026, China's bullion imports surpassed 1,000 tonnes. This volume exceeded the total for all of 2025. Robust demand fuels this trend. A strong yuan and economic uncertainty drive this demand. This demand provides a floor for gold prices.