---
title: "Why Are Gold and Silver Up Today, 8/19/26?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296372549.md"
description: "Gold and silver prices rose on August 19, 2026, following the U.S. Treasury's announcement to expand its bond buyback program for long-dated government debt. This move aims to reduce yields, making bonds less attractive relative to non-yielding precious metals, thereby lowering the opportunity cost of holding gold and silver. Consequently, 10-year and 30-year Treasury yields fell by over five basis points. Despite volatility driven by U.S.-Iran tensions and inflation concerns, the yield decline supported the uptick in precious metal prices ahead of the Fed's September 16 rate decision."
datetime: "2026-08-19T14:30:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296372549.md)
  - [en](https://longbridge.com/en/news/296372549.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296372549.md)
generator: "portal-rs"
---

# Why Are Gold and Silver Up Today, 8/19/26?

Both gold (XAUUSD) and silver (XAGUSD) are in the green on Wednesday after the U.S. Treasury said it would boost its bond buyback program for long-dated government debt.

### Summer Sale - Claim 70% Off TipRanks

-   Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
-   Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks

The operation is meant to reduce yields and comes one day after the 30-year yield rose to a 19-month high. Lower yields benefit precious metals because they make bonds less attractive compared to non-yielding assets like gold and silver. With lower yields, the opportunity cost of holding precious metals decreases.

## **Yields, Interest Rates, and Geopolitics Drive Precious Metal Swings**

Both the 10-year and 30-year Treasury yields fell by over five basis points following the buyback announcement.

Gold and silver have faced volatile price action in recent days. Lingering U.S.-Iran tensions have lifted oil prices and increased the risk of inflation. Higher inflation supports the case for a rate hike, which is generally seen as a negative for precious metals. With the two sides unable to reach a deal to end the war, that volatility could persist until the Fed meets for its next interest rate decision on September 16.

### Related Stocks

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

## Related News & Research

- [PRECIOUS-Gold retreats as bond yields surge to highest levels in decades](https://longbridge.com/en/news/296241483.md)
- [Why is your gold waiting on a speech?](https://longbridge.com/en/news/296733808.md)
- [11:11 ETU.S. Money Reserve and Visual Capitalist Announce Strategic Content Partnership to Advance Precious Metals Education](https://longbridge.com/en/news/296247272.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)

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