Hormuz. ISM. Hecla. Barrick. Five Things Moved Gold and Silver Today.

Gold is up 4% and silver is up 4% as the gold September Fed hike 2026 premium unwinds from five directions at once. A Hormuz deal takes shape, ISM services misses, Hecla posts record silver output, Barrick’s cost outlook improves, and hike odds drop 15–18 points in five sessions. Here is what moved markets today.
