Precious metals continue soaring on Monday with Gold setting the all-time highs (above 2011 level of $1912). However, it is Silver that is really turning heads – the metal is up 6% today and is +21% in weekly and nearly 36% in monthly terms! At the same time the US dollar is down as traders expect the FOMC to at least maintain its ultra-expansive policies at this weeks meeting (decision on Wednesday, 7pm BST).

Daily summary: Gold retreats 3% as US dollar rebounds after hawkish Warsh speech in Jackson Hole
Market Wrap: A mild breeze of optimism ahead of Jackson Hole
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Market Wrap: Defence bucks declines in Europe. Dollar stabilises before Jackson Hole (27.08.2026)