"August gold (GCQ24) Tuesday closed up +38.90 (+1.60%), and...

"August gold (GCQ24) Tuesday closed up +38.90 (+1.60%), and September silver (SIU24) closed up +0.522 (+1.69%). Precious metals prices Tuesday settled moderately higher, with Aug gold posting a 1-3/4 month high and nearest-futures (N24) posting a record high. Gold is climbing on increased demand as an inflation hedge after the chances of former President Trump winning the election in November increased, which could boost inflation if he pursues new tax cuts and stimulative fiscal policies. Gold also has support from fund buying after long gold holdings in ETFs rose to a 3-month high Monday. Gold prices raced to their highs Tuesday on dovish comments from Fed Governor Kugler, who said it would be appropriate for the Fed to lower borrowing costs "later this year" if inflation continues to moderate. "
https://www.barchart.com/story/news/27424987/dollar-posts-modest-gains-on-strength-in-us-retail-sales