Precious Metals Stocks Jump as Gold Hits One-Month Peak on Lower Oil and Softer Dollar

TigerAug 5, 2026 9:12 AM

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Precious metals stocks jumped in premarket trading. ProShares Ultra Silver rose 7%; Gold Fields rose 6%; Harmony Gold, Anglogold Ashanti, and Endeavour Silver rose 5%; ProShares Ultra Gold, First Majestic Silver, Hycroft Mining, Coeur Mining, Eldorado, Pan American Silver, Agnico Eagle Mines, Agnico Eagle Mines, and Newmont Mining rose 4%.

Gold rose for a third straight session on Wednesday, hitting a one-month ‌peak on a softer dollar and lower oil prices, while investors awaited U.S. jobs data for clues on the interest-rate outlook.

Spot gold climbed 2.4% to $4,175.53 per ounce by 0640 GMT, its highest since July 7. U.S. gold futures rose 2% to $4,235.30.

The U.S. dollar traded subdued, making greenback-priced metals more attractive to holders of other currencies.

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