Key Facts
Gold steadied: The gold-tracking proxy settled at US$4,527 an ounce, a daily gain of 0.32% on Thursday, August 20, 2026.
Silver outperformed: The silver-tracking proxy closed at US$68.21 an ounce, up 1.85%, narrowing the gold-to-silver ratio for the session, though silver is still some 44% below its January 2026 record.
The dollar firmed, and metals rose anyway: Metals gained even as the dollar index firmed, supporting both precious metals.
Real yields stayed firm: Elevated U.S. real yields kept a lid on gold, preventing a more exuberant safe-haven bid.
