Record levels on Wall Street do not stop precious metals, typical safe haven assets, from forging a rally on their own. Another day of bond price gains sees all precious metals making strong gains. Platinum prices soar by over 2% for the second straight day. The platinum market was left a bit behind as gold prices are already testing 7 year highs. Precious metal traders should look for more clues from numerous Fed speakers today and the FOMC minutes release (7pm GMT).

Market wrap (05.08.2026)
Daily Summary: Nasdaq 100 Up 3.2% – Is the Bull Market Back? (04.08.2026)
US Open: S&P 500 at ATH, Strait of Hormuz nearing reopening, Palantir up 23%
Platinum gains 6% as precious metals rebound, US Dollar weakens