AGE Gold Commentary

AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.

8/10/2026: Precious metals headwinds become tailwinds

Recent attacks by Iran and its proxies on multiple targets around the Persian Gulf have widened the conflict and thrown increasing volatility into global markets.

Over the past two weeks, equity indices have tumbled and rebounded while US Treasury values have fallen sharply, spiking yields higher. In addition, the US and Japan coordinated in a major currency intervention, lifting the beleaguered yen and breaking the dollar's recent rally.

Typically, a weaker dollar automatically supports higher prices for precious metals. But as we noted in last week's update, the metals had yet to catch a bid from this currency action. Now that's changing.

In this edition of AGE's Gold Commentary, recorded on Friday August 7, I explain how the weaker dollar and other drivers are now turning headwinds into tailwinds for precious metals, lifting gold by 8%, silver 10%, platinum 6%, and palladium 8% in the past week alone.

We will also look at the latest charts for updated support and resistance levels, as well as other markets that have been instrumental in this impressive rebound.

You can also view this video on the AGE YouTube channel, which includes a transcript.

Sincerely,

Dana Samuelson
President