August 25, 2021

Gold and silver dipped today as the US dollar gained back some of its recent losses but both metals are still up significantly for the week. Gold is currently trading at $1,791, up about 0.6% for the week and silver is up nearly 4% since last Friday. Stocks gained Wednesday as the S&P 500 and Nasdaq reached record highs and the Dow rose 39 points. All eyes are on this week’s Jackson Hole symposium which will kick off tomorrow and could provide better insight into the Fed’s tapering timeline.