Every report the desk has filed, searchable by full text, topic, format, symbol and date range.
Both metals opened higher on August 20, 2026, drawing support from the same Treasury announcement that failed to hold down bond yields.
Gold and silver both rallied on August 20, 2026, as Treasury's expanded debt buyback plan and newly released FOMC minutes pushed investors toward precious metals.
Gold and silver stage a mid-week surge, sending Wheaton Precious Metals up 11%, as fresh White House escalation against Tehran injects a geopolitical risk premium into commodity markets with policy details still undisclosed.
President Trump's announcement of an unspecified 'crushing economic operation' targeting Iran drove a sharp bid into precious metals, lifting streamers and miners. Wheaton Precious Metals jumped 11% while DRDGOLD reported Q4 results into a strengthening bullion tape.
Poland's KGHM posts higher second-quarter earnings on firm copper pricing while structural silver supply shortfalls point to operating leverage for miners; Cerrado Gold lifts output 35% but concedes cost inflation
KGHM reported stronger Q2 profit driven by robust copper prices, validating the industrial-metals thesis. Analysts point to a persistent silver supply-demand deficit as the next leg for precious metals producers, while Cerrado Gold's 35% production increase alongside rising costs illustrates the sector's central tension between volume growth and unit-cost discipline.
Strong July purchases by China's official sector, combined with technical analysis pointing to the completion of the current advance's first leg, reinforce the structural case for bullion as a reserve-diversification and credibility hedge.
China Gold Market data showed robust official sector accumulation in July, while precious metals strategists argue the first phase of the cycle is completing ahead of a second, potentially more aggressive leg. The bid is being reinforced by currency credibility concerns, notably around a yen approaching the 160 threshold.