Gold and silver increased on 8/9, while platinum and palladium slightly decreased.
On Wednesday, gold futures saw the sharpest daily rise in months. In one day, gold increased by 1.3%, which was its biggest single-session hike since May 17 when it increased by 1.8%. This comes after North Korea’s threat to launch a missile strike at US territory Guam amid increasing tension between the US and North Korea. Gold’s spike is likely tied to a safe haven effect.