---
title: "Why Are Gold and Silver Down Today, 8/13/26?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295834349.md"
description: "Gold and silver prices declined on August 13, 2026, despite a cooler-than-expected PPI report reducing rate hike expectations. The drop is attributed to profit-taking after recent rallies (gold up 9%, silver up 12% in the past month). Additionally, Cleveland Fed President Beth Hammack's support for higher rates and a rally in AI stocks have shifted investor sentiment away from safe-haven precious metals toward riskier equities."
datetime: "2026-08-13T18:48:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295834349.md)
  - [en](https://longbridge.com/en/news/295834349.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295834349.md)
generator: "portal-rs"
---

# Why Are Gold and Silver Down Today, 8/13/26?

Both gold (XAUUSD) and silver (XAGUSD) are trading lower on Thursday, causing confusion from some investors given that a cooler-than-expected Producer Price Index (PPI) update sank rate hike odds even further.

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The two precious metals tend to benefit from lower rates. So, with rate hike odds trending down, why are they in the red? Profit-taking seems to be the answer here. Gold has rallied 9% over the past month, while silver has risen 12%. After such a strong run, some investors may be locking in gains.

## **AI Gains Pressure Gold and Silver**

In addition, while rate hike odds fell today, a hike isn't fully off the table. This morning, Cleveland Fed President Beth Hammack voiced her support for higher rates in order to bring down inflation to the central bank's 2% target.

Furthermore, AI stocks are rallying, which could be attracting capital away from gold and silver. The precious metals are viewed as safe-haven assets, so investors may have less incentive to hold them when risk appetite is strong and equities are performing well.

### Related Stocks

- [UGL.US](https://longbridge.com/en/quote/UGL.US.md)
- [SLV.US](https://longbridge.com/en/quote/SLV.US.md)
- [GLDW.US](https://longbridge.com/en/quote/GLDW.US.md)
- [SIVR.US](https://longbridge.com/en/quote/SIVR.US.md)
- [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md)
- [AGQ.US](https://longbridge.com/en/quote/AGQ.US.md)
- [GLL.US](https://longbridge.com/en/quote/GLL.US.md)
- [GLD.US](https://longbridge.com/en/quote/GLD.US.md)
- [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md)
- [PSLV.US](https://longbridge.com/en/quote/PSLV.US.md)
- [ZSL.US](https://longbridge.com/en/quote/ZSL.US.md)
- [IAU.US](https://longbridge.com/en/quote/IAU.US.md)
- [518850.CN](https://longbridge.com/en/quote/518850.CN.md)
- [SLVR.UK](https://longbridge.com/en/quote/SLVR.UK.md)
- [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md)

## Related News & Research

- [PRECIOUS-Gold drops 1% after in-line U.S. inflation data](https://longbridge.com/en/news/297055494.md)
- [Why is your gold waiting on a speech?](https://longbridge.com/en/news/296733808.md)
- [PRECIOUS-Gold holds steady with Fed minutes in focus](https://longbridge.com/en/news/296310600.md)
- [PRECIOUS-Gold drops after sharp gains as inflation concerns come to the fore](https://longbridge.com/en/news/296506502.md)
- [PRECIOUS-Gold retreats as bond yields surge to highest levels in decades](https://longbridge.com/en/news/296241483.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**