Gold Price Forecast: XAU/USD corrects below $4,500 as Yields recover some losses

Gold Price Forecast: XAU/USD corrects below $4,500 as Yields recover some losses

Source: EODHD - https://www.fxstreet.com/news/gold-price-forecast-xau-usd-corrects-below-4-500-as-yields-recover-some-losses-202608201056
Published: Aug 20, 2026 6:56 AM

Gold price (XAU/USD) is down 0.7% to near $4,490 in the European trading session on Thursday. The precious metal retreats from its 11-week high of $4,527 posted earlier in the day. The yellow metal comes under pressure as United States (US) Treasury Yields claw back some of Wednesday’s losses.

Market context: This update is relevant to gold traders, with XAUUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.