Brazil Nominal Budget Balance below forecasts (-84B) in July: Actual (-97.6B)

Aug 31, 2026

Gold holds near $4,450 as Fed rate-hike expectations keep buyers cautious

Gold (XAU/USD) steadies on Monday after opening the week lower and briefly falling below $4,400, its lowest level since August 19, during Asian trading hours. However, the metal lacks strong upside momentum as hawkish Federal Reserve (Fed) expectations keep buyers cautious.

Brazil Nominal Budget Balance below forecasts (-84B) in July: Actual (-97.6B)

Gold holds near $4,450 as Fed rate-hike expectations keep buyers cautious

Brazil Primary Budget Surplus increased to 1.4B in July from previous -55.3B