Silver Outperformed Gold in August — Few Predicted It

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Everyone was reporting on the same month, but most named the wrong winner. From the July 31 close through the August 25 close, silver climbed 19.0% while gold rose 15.1%. If you owned both metals, silver did the heavier lifting this month. Key takeaways Silver gained 19.0% from the July 31 close through the August … Read more

IRS Rules for Precious Metals IRAs in 2026

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A precious metals IRA holds physical gold, silver, platinum, or palladium under the same tax rules that apply to other IRAs. However, one condition is decisive: a bank or an IRS-approved trustee must maintain physical possession of the metals. If you buy an eligible coin through an IRA and keep it in a personal safe, … Read more

Americans Spent More in July, But Got No Extra Value

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Americans spent more in July than in June, but they didn’t buy more. That is the central takeaway from the July PCE inflation report released on Wednesday, August 26, 2026, by the Bureau of Economic Analysis. Nominal consumer spending rose 0.2% for the month—about $36.3 billion—while real spending barely budged, increasing less than 0.1% after … Read more

Gold Surges Past Wall Street Targets; Four Banks Disagree

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Wall Street spent August reworking its gold forecasts, yet the market repeatedly outpaced those revisions. As of late August, gold traded near $4,600 per ounce, down about 1% on the session, while silver hovered around $68. Measured from the July 31 close to the August 25 close, gold rose a little more than 15% and … Read more

Why Pensions Can Hold Gold but 401(k)s Can’t

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A corporate pension fund can invest in gold. Real estate, private equity, and commodities are options as well. Your 401(k) almost certainly can’t — not because gold is a poor investment, but because of a long-standing fiduciary concern. That concern stems from a decades-old interpretation of fiduciary duty, not from any assessment of gold’s merits. … Read more

How Treasury Market Stress Pushed Gold and Silver Lower Today

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Gold and silver both pulled back from three-month highs this morning. Although headlines described multiple developments, they all trace back to the same core driver: how the U.S. Treasury plans to finance its bond buybacks and the resulting push-and-pull that is affecting the dollar. Below is a clear explanation of the connecting mechanism and what … Read more

The Fed Has Two Rate-Hike Numbers — Which One Matters?

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The Federal Reserve has signaled that it anticipates at least one rate increase before the end of next year. In its June projections the Fed expected a quarter-point rise by the close of 2026. At the same time, market-implied odds for a September move have been fluctuating around a roughly one-in-three chance. Both the Fed’s … Read more

Stablecoin Issuer Bought More Gold Than Any Central Bank

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Every trading desk in the world is waiting for one sentence from Wyoming this week. At the same time, the Federal Reserve has published an agenda focused on something else entirely. The Federal Reserve Bank of Kansas City hosts its annual economic policy symposium at Jackson Hole, running from Thursday, August 27 to Saturday, August … Read more

Gold Hits 3-Month High as Oil Falls Before Bessent’s Iran Sanctions

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In a few hours, the U.S. Treasury will attempt to reshape global commerce with Iran. Markets are responding already. Gold, silver, and oil are moving — and not in the straightforward way you might expect from news about tougher sanctions. Oil is falling while gold is rising. Both moves are reactions to the same set … Read more

Gold Nears $4,700, Silver Above $69: Markets Await Friday Speech

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Gold climbed above $4,600 this morning for the first time since May, while silver remains near $69. But the headline numbers only tell part of the story. The market is focused on what comes Friday. Treasury yields fell again today, the dollar trades near a three-month low, and both moves trace back to one catalyst: … Read more