Update: Spot Gold

September 2026 > https://www.unum.capital/post/rsep2026

NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes

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Spot Gold (XAU/USD) | UPDATE: On Monday 24 August we expressed our cautious short term view, which has been followed by gold retreating over the course of the week and declining by a further 3% on Friday on the back of new Federal Reserve Chair Kevin Warsh stating that the inflation fight is not done. The move lower is in line with last Monday's price action model reading that explicitly warned against long positions and that the reward-to-risk was unappealing with extreme (short term) overbought conditions being present. The original note can be read here > https://www.unum.capital/post/xau2408

Lester Davids

Senior Investment Analyst: Unum Capital