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MCX Daily Bullion Report for the Day of 26th Aug 2026

By August 26, 2026No Comments

6.00 pm Core PCE Price Index m/m
Prelim GDP q/q & Price Index q/q
Core Durable Goods Order & Durable Goods Order m/m
Personal Income & Spending m/m
8.00 pm Crude Oil Inventories
9.15 pm FOMC Member Barkin Speaks

Latest News & Market Commentary on

Geopolitical & Trade Developments
Rubio: The U.S. is shifting its approach toward sanctions rather than additional military strikes against Iran for the time being.
Fed’s Barkin: Warned that if U.S. debt continues to rise, investors could eventually become less willing to buy Treasury securities.
Oman & Iran: The two countries have proposed a temporary shipping corridor and mine-clearing framework to improve safe navigation through the Strait of Hormuz.
Canada: Canada has raised tariffs on approximately $20 billion of U.S. products, including doubling tariffs on U.S. steel products from 25% to 50%.
Canada is also preparing a C$7.5 billion support package for businesses and workers affected by the new U.S. tariffs.
Fundamental Effect: Gold & Bitcoin

These developments are supportive of Gold and Bitcoin, but through different channels.
Earlier, sanctions and geopolitical tensions generally supported Gold as investors sought a traditional safe-haven asset. In today’s 2026 market environment, however, international transactions can increasingly use digital assets such as Bitcoin, while Gold continues to retain importance as a physical store of value and for local/regional settlement.
Therefore, continued sanctions, geopolitical uncertainty and a renewed U.S.–Canada tariff conflict can provide a fundamental supportive backdrop for both Gold and Bitcoin.

Yesterday, Gold made a low of 161685, and subsequently moved higher to a high of 163400.
Silver also made a low around 240705, and move higher 245000.

For today, we expect a similar pattern to continue, with the market potentially entering a jobbing/range-bound phase for the next 3–4 days as traders wait for fresh fundamental news.
At the same time, Silver continues to trade at relatively discounted levels. Any fresh positive catalyst could therefore trigger another strong upside move in Silver.

Gold is trading with a Disparity with a higher volume so for better accuracy match a COMEX level give you higher and safe return

Gold

Range: 161000 – 164500

Our Preference: Buy Gold @ 161000 for target 164500 with SL 160500 below only if sustain

Alternative Scenario: Sell Gold @ 164500 for target 163000 with SL 165000+ only if sustain

Gold upside target for 168000 will remain the same as it is

Silver

Range: 238000 – 249000

Our Preference: Buy Silver @ 241000+ for target 248000 with SL 1000 point below only if sustain

Alternative Scenario: Buy Silver @ 238000 for target 248000 with SL 235000

Trading Zone

248500 =70$ COMEX Spot Sell @ 1st stroke with SL 1000 point

250200 Buy Breakout

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