---
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.

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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.

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