Gold: 20-day return +9.85% (96th pct)

On 2026-08-19, Gold closed at 4555.5 USD/oz, up 4.34% on the day. It trades at 54.7% of its 52-week range. Its RSI(14) of 70.75 is in the 92nd percentile of its history since 2000, and its 20-day return of +9.85% in the 96th percentile. RSI above 70 is conventionally termed overbought. It is trading above its 20-, 50- and 200-day moving averages. Its 20/50/200-day moving averages are 4230.18 / 4163.85 / 4479.09 USD/oz, with price +7.69% / +9.41% / +1.71% against them. Its 52-week range is 3310.1–5586.2 USD/oz; it closed 18.45% below the high and 37.62% above the low. Its 20-day volatility is 1.637% daily, in the 89th percentile of its history since 2000. Its 14-day average true range (ATR) is 85.66 USD/oz, 1.88% of price. It has returned +3.33% over 5 days and +0.76% over 60 days.

=== GOLD  (USD/oz) ===
  price & change   (as of 2026-08-19, prior 2026-08-18)
    close       4555.50
    change      +189.50  (+4.340%)
  range            (as of 2026-08-19)
    range       34.20
    close pos   17.3% of range
  moving averages  (as of 2026-08-19)
     20d MA     4230.18   price above by +7.69%
     50d MA     4163.85   price above by +9.41%
    200d MA     4479.09   price above by +1.71%
    price > all MAs
    stack: 200d > 20d > 50d
  volatility       (as of 2026-08-19)
    20d stdev   1.637% daily ≈ 26.0% annualized (×√252)   (89th pct of own history, since 2000 (5683 obs))
    vs easing-2024 avg  1.15× (1.637% vs 1.420% era avg)
  ATR              (as of 2026-08-19)
    ATR(14)    85.66
    ATR%        1.88%   (88th pct of own history, since 2000 (5689 obs))
    range/ATR   39.9%
  52-week range    (as of 2026-08-19)
    high        5586.20   (-18.45% from high)
    low         3310.10   (+37.62% from low)
  momentum         (as of 2026-08-19)
    RSI(14)     70.75   (92nd pct of own history, since 2000 (5689 obs))
  returns          (as of 2026-08-19)
     5d return  +3.33%
    20d return  +9.85%
    60d return  +0.76%
  volatility by rate-era
    pre-crisis       1.39%   (from 2000-08-31)
    ZIRP-2009        1.18%
    tightening-2015  0.84%
    ZIRP-2019        1.08%
    tightening-2022  0.94%
    easing-2024      1.42%
  real-yield sensitivity (gold weekly returns vs weekly Δ in 10Y TIPS real yield, DFII10)  (as of 2026-08-18)
    vs real yield (Δ) -0.57 (26w)
    vs real yield (Δ) -0.49 (52w)
  cross-asset sensitivity (gold weekly returns vs the US dollar index (DXY) and S&P 500)  (as of 2026-08-19)
    vs DXY      -0.28 (26w)
    vs DXY      -0.30 (52w)
    vs S&P 500  +0.62 (26w)
    vs S&P 500  +0.40 (52w)