Gold enters August 18 with bullish momentum after Monday’s rally. • Gold is already trading near record-high territory, with spot gold recently around $4,388 per ounce. • The purchase extended China’s gold-buying streak to 21 consecutive months. • Gold is trading around the $4,400 zone, a major psychological and technical area • U.S. borrowing reached about $1.8 trillion in the first 10 months of FY2026. • 24K gold reached about $143 per gram in the U.S. on August 11. • Gold demand is strengthening across major global markets, supporting higher prices. • Gold is gaining between 0.35% and 0.47% • The highest gold buy quotation is New York at $137,550, followed closely by Toronto at $137,540. • Oil market moves are playing a key role in gold's recent price action. • Gold remains highly sensitive to developments in the Strait of Hormuz. • U.S. gold prices eased slightly after a strong rally in July. • Traders are closely watching today's U.S. economic data for gold market cues. • Multiple global events are creating a highly volatile outlook for gold. • Hopes of a Strait of Hormuz reopening are increasing volatility in the gold market.