Key Facts
- Gold rose gold settled at US$4,648.40 an ounce, up 1.00% on Monday, August 24, 2026.
- Silver slipped silver closed at US$68.75 an ounce, down 0.16% on the same session.
- Dollar weakness drove bullion a US Dollar Index near 98.7, just off Friday’s multi-month low of 98.55, made gold cheaper for non-dollar buyers.
- Lower real yields helped gold with 10-year Treasury yields near 4.70% and inflation expectations firm, holding gold costs investors less in foregone income.
- Safe-haven flows returned buyers sought protection ahead of Jackson Hole and fresh US inflation readings.
- Mexico and Peru matter both countries anchor global silver supply, where output concentrates among Fresnillo and large polymetallic mines.
Today’s Focus
Gold rose while silver slipped on Monday, August 24, 2026. Gold settled at US$4,648.40 an ounce, up 1.00%, as a softer dollar and softer US inflation and spending data drew buyers into bullion.
Silver ended at US$68.75 an ounce, down 0.16% on the session. The white metal lagged gold’s safe-haven rally, reflecting its heavier industrial demand and caution in cyclical markets.
Investors positioned ahead of the Jackson Hole speech and US inflation data. A US 10-year Treasury yield near 4.70% reduced the opportunity cost of holding non-yielding gold.
For Latin America, Mexico remains the world’s top silver producer and Peru ranks among the largest, so price moves near the high-US$60s and low-US$70s directly affect mining cash flows.
What matters today. Gold is reasserting itself as a hedge while silver waits for a clearer industrial growth signal.
01 The session in one read
Gold and silver parted ways on Monday, August 24, 2026, with gold the clear winner. Gold settled at US$4,648.40 an ounce, up 1.00%, while silver closed at US$68.75, down 0.16%.
The gains came as the US dollar traded near multi-month lows and Treasury yields eased. These two drivers reduced the cost of holding non-yielding metals and brought fresh safe-haven bids into gold.
Silver’s smaller rise showed the market treating it more as an industrial metal than a pure bullion hedge. Investors focused on upcoming US inflation data and the Jackson Hole speech, keeping risk appetite guarded.
Gold’s 1.00% advance and silver’s 0.16% slip highlight a split market: bullion tracked macro hedging, while silver was left behind, with profit-taking after Friday’s test above US$70 outweighing the same dollar weakness. The US Dollar Index near 98.7 and a 10-year Treasury yield near 4.70% support gold’s case as the safer hold through the end of August. The variable to watch is whether silver can reclaim momentum if Jackson Hole confirms the Fed is done considering a September hike.
02 The board
The board shows gold at US$4,648.40 an ounce, a 1.00% daily gain. That is the standout figure for the session, and the only green in the precious complex.
Silver at US$68.75 an ounce, down 0.16%, moved the other way. The divergence, not the pace, is the story about where investors see the next catalyst.
No single company name dominated the board, but the overall tone was one of cautious accumulation. Buyers rewarded metal exposure without chasing cyclical or industrial names aggressively.
| Asset | Level | Change |
|---|---|---|
| Gold | US$4,648.40/oz | +1.00% |
| Silver | US$68.75/oz | -0.16% |
Source: RT close, 2026-08-24. Where a commodity has no spot feed, an exchange-traded tracker or leading producer is shown as a labelled proxy.
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Latin America — Cross-Market Board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 171,906.72 | +0.51% | +21.85% | 171,031.73 | 168,310 | 167,142 | — |
| IPSA | 11,537.98 | +1.76% | — | 11,338.38 | 11,210 | 10,984 | 1,513,213,483 |
| IPC MEX | 66,105.23 | +0.57% | +12.17% | 65,729.18 | 66,121 | 65,405 | 108,886,187 |
| MERVAL | 2,995,129 | +2.81% | +30.51% | 3,022,485 | 3,042,365 | 2,991,150 | — |
| COLCAP | 2,510.72 | +2.09% | — | 9.04 | 9.05 | 9.02 | 4,133 |
| BVL PERÚ | 60,222.25 | -0.17% | — | — | — | — | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| EUR/BRL | 5.95 | +1.01% | -5.83% | 5.89 | 5.98 | 5.94 | — |
| USD/MXN | 17.06 | -0.24% | -8.58% | 17.10 | 17.08 | 17.01 | — |
| USD/CLP | 913.98 | +0.04% | -5.67% | 913.65 | 915.11 | 906.68 | — |
| USD/COP | 3,140 | +0.03% | -22.04% | 3,139 | 3,141 | 3,105 | — |
| USD/PEN | 3.36 | -0.66% | -4.82% | 3.38 | 3.38 | 3.35 | — |
| USD/ARS | 1,493 | +0.10% | +12.96% | 1,491 | 1,494 | 1,480 | — |
| USD/UYU | 40.27 | +1.24% | +1.80% | 39.77 | 40.27 | 40.23 | — |
| USD/PYG | 5,939 | +1.68% | -19.54% | 5,841 | 5,939 | 5,925 | — |
| USD/BOB | 11.64 | -0.76% | +72.04% | 11.73 | 11.72 | 11.64 | — |
| USD/DOP | 58.34 | +1.25% | -3.44% | 57.62 | 58.34 | 58.04 | — |
| USD/CRC | 445.92 | +0.89% | -9.71% | 441.97 | 448.50 | 445.92 | — |
03 What moved it
A softer US dollar did much of the work. With the US Dollar Index near 98.7, bullion became cheaper for buyers holding euros, yen or Latin American currencies, lifting gold.
Yields worked against the trade. The US 10-year Treasury yield held near 4.70% and the 30-year sat close to a 19-year high, a restrictive backdrop for non-yielding metals that gold’s safe-haven bid had to overcome.
Safe-haven flows also appeared. Traders bought gold before the Jackson Hole speech and a fresh US inflation print, while central-bank buying, including People’s Bank of China purchases, kept a structural bid under bullion.
04 The Latin American read
Mexico and Peru sit at the centre of silver supply. Mexico remains the world’s largest silver producer, with Fresnillo and other miners directing most output from the country’s northern districts.
Peru ranks among the top global silver producers, often within the top three. Much of that silver comes as a by-product from large polymetallic mines run by international and local firms.
For investors in Latin America, silver near US$69 an ounce, even after slipping, keeps margins healthy for Mexican and Peruvian miners. Sustained levels near the high-US$60s support exploration budgets and dividend capacity.
05 The names to watch
Fresnillo is the name most investors associate with Mexican silver. Its London-listed shares respond closely to silver prices, and Monday’s moves keep the company’s revenue outlook constructive.
Peru’s story runs through diversified miners with large silver by-product streams. Companies operating in the Andes, including those with copper and zinc output, see silver as a meaningful contributor to cash flow.
Exchange-traded proxies for gold and silver reflect the broader trade. Gold settled at US$4,648.40 and silver at US$68.75 on Monday, giving investors a clean read on the precious-metals complex.
06 The outlook
Gold’s 1.00% gain and silver’s 0.16% slip point to a market waiting for the Federal Reserve’s next signal. A clear steer away from a September hike at Jackson Hole would likely extend gold’s advance and help silver close the gap.
A 10-year Treasury yield near 4.70% and a dollar below 99 leave the macro backdrop supportive. Traders will watch whether gold holds above the US$4,600 threshold and whether silver can reclaim US$70.
07 What to watch
- Jackson Hole speech: Any signal on the path of US policy rates will drive the dollar and real yields, directly affecting both gold and silver.
- US 10-year Treasury yield: A sustained move below 4.7% would lower the opportunity cost of holding metals and support higher gold prices.
- US Dollar Index: The index near 98.7 already helps precious metals; a break below 98 would strengthen buying from non-dollar investors.
- Mexico and Peru mining output: Cost inflation or supply disruptions in the top silver-producing countries could tighten physical supply and lift silver prices.
Frequently Asked Questions
Why did gold rise on Monday, August 24, 2026?
Gold rose 1.00% to US$4,648.40 because the US dollar weakened and Treasury yields eased, cutting the cost of holding bullion.
Why did silver lag gold?
Silver slipped 0.16% to US$68.75 as traders took profits after Friday’s test above US$70, and its industrial demand links left it out of gold’s safe-haven bid.
What is the role of Mexico and Peru?
Mexico is the world’s largest silver producer, and Peru ranks among the top three, so price moves near US$70 an ounce directly influence their mining sectors.
What data comes next?
Fresh US inflation readings and the Jackson Hole speech this week will shape rate expectations and likely set the next direction for gold and silver.
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error
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