Gold: 20-day return +11.61% (98th pct)

On 2026-08-20, Gold closed at 4516.3 USD/oz, up 0.60% on the day. It trades at 53.0% of its 52-week range. Its RSI(14) of 69.27 is in the 90th percentile of its history since 2000, and its 20-day return of +11.61% in the 98th percentile. It is trading above its 20-, 50- and 200-day moving averages. Its 20/50/200-day moving averages are 4250.36 / 4167.66 / 4480.75 USD/oz, with price +6.26% / +8.37% / +0.79% against them. Its 52-week range is 3310.1–5586.2 USD/oz; it closed 19.15% below the high and 36.44% above the low. Its 20-day volatility is 1.317% daily, in the 76th percentile of its history since 2000. Its 14-day average true range (ATR) is 81.27 USD/oz, 1.80% of price. It has returned +3.50% over 5 days and +0.35% over 60 days.

=== GOLD  (USD/oz) ===
  price & change   (as of 2026-08-20, prior 2026-08-19)
    close       4516.30
    change      +26.90  (+0.599%)
  range            (as of 2026-08-20)
    range       44.00
    close pos   68.9% of range
  moving averages  (as of 2026-08-20)
     20d MA     4250.36   price above by +6.26%
     50d MA     4167.66   price above by +8.37%
    200d MA     4480.75   price above by +0.79%
    price > all MAs
    stack: 200d > 20d > 50d
  volatility       (as of 2026-08-20)
    20d stdev   1.317% daily ≈ 20.9% annualized (×√252)   (76th pct of own history, since 2000 (5684 obs))
    vs easing-2024 avg  0.93× (1.317% vs 1.413% era avg)
  ATR              (as of 2026-08-20)
    ATR(14)    81.27
    ATR%        1.80%   (86th pct of own history, since 2000 (5690 obs))
    range/ATR   54.1%
  52-week range    (as of 2026-08-20)
    high        5586.20   (-19.15% from high)
    low         3310.10   (+36.44% from low)
  momentum         (as of 2026-08-20)
    RSI(14)     69.27   (90th pct of own history, since 2000 (5690 obs))
  returns          (as of 2026-08-20)
     5d return  +3.50%
    20d return  +11.61%
    60d return  +0.35%
  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      1.41%
  real-yield sensitivity (gold weekly returns vs weekly Δ in 10Y TIPS real yield, DFII10)  (as of 2026-08-19)
    vs real yield (Δ) -0.58 (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 2026-08-20)
    vs DXY      -0.27 (26w)
    vs DXY      -0.30 (52w)
    vs S&P 500  +0.61 (26w)
    vs S&P 500  +0.40 (52w)