Gold Steadies Ahead of Jackson Hole; Central-Bank & ETF Demand in Focus as Bitcoin Weakens
- robertbelanger7
- Aug 19, 2025
- 1 min read
Gold traded a bit firmer in relatively quiet action today as markets look to Jackson Hole later this week. With policy cues from the Fed top of mind, traders kept positions light and volatility muted. Kitco
Looking beyond the day-to-day, the next leg in gold may hinge on “conviction buyers”—central banks and long-term ETF investors—whose purchases are less sensitive to price and more about hedging and reserve security. Recent analysis argues these cohorts remain pivotal for sustaining elevated prices into year-end. Barron's
Crypto moved the other way: Bitcoin’s near-term technical posture softened, with bears gaining momentum on the daily chart. Momentum gauges and trend signals point to a more defensive setup unless bulls can reclaim key levels. Kitco
Bottom line: Near term, gold may stay range-bound until Powell speaks at Jackson Hole. Medium term, persistent central-bank buying and renewed ETF inflows are still the key tailwinds—while Bitcoin faces an uptick in bearish technical pressure.
Sources:
Wyckoff, Jim. “Gold Price Up a Bit in Quieter Trading as Jackson Hole Looms.” Kitco News, 19 Aug. 2025. Kitco
Wyckoff, Jim. “Bitcoin August 19 Daily Chart Alert—Bears Gaining Strength.” Kitco News, 19 Aug. 2025. Kitco
“Gold’s Next Move? Why These Buyers Hold the Key.” Barron’s, 18 Aug. 2025. Barron's



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