Financial analyst Bessent stated that the U.S. dollar has maintained stability, confirming the continuation of a strong dollar policy. The ICE U.S. Dollar Index was around 98.7 to 98.9 on August 20, 2026, down from approximately 99.7 the previous day. This dollar stability, despite minor index fluctuations, is influencing market expectations regarding gold prices. Typically, a stronger dollar exerts downward pressure on gold prices, affecting the likelihood of gold reaching high targets by the end of August 2026.
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