Markets · Commodity markets, August 28

Precious metals led the moves as Warsh revived the September rate-hike trade

Friday, August 28, 2026. From GEO's evening brief, after the close.

Gold fell 3.43% to $4,504.10/oz and silver dropped 4.57% to $66.25/oz, with the dollar index climbing to 99.68. Grains ran the other way: wheat settled at 766.00¢/bu, up 3.13%, hitting its highest in more than three years per CNBC. Cocoa surged 7.50% to $6,636/MT.

Written with AI from public sources, checked by code, reviewed by GEO. Not investment advice.