Gold Jumps 4% to $4,512 as US Yields Tumble

Key Facts

Gold settled sharply higher on Wednesday, August 19, 2026, with the gold-tracking proxy closing at US$4,512 an ounce, a gain of 4.13% on the day.

Silver outperformed gold with the silver-tracking proxy settling at US$66.97 an ounce, a jump of 6.39% for the session.

The catalyst was a Treasury move as the US government’s decision to buy back its own long-term debt sank bond yields.

Lower real yields reduce the cost of holding non-yielding assets like bullion, making gold and silver more attractive to investors.