Gold and silver prices are jumping, and that is good news for investors who parked money in precious-metals funds as Taiwan's stock market wobbles.

• Gold briefly pushed past $4,500 an ounce after the U.S. Treasury said it would buy back more long-term government debt.
• Three Yuanta precious-metals ETFs in Taiwan — two gold, one silver — all rose sharply, and trading volume climbed.
• Since their July low, the three funds are up between 12% and 25%, with the silver fund among the biggest gainers.
• Central banks, especially in China and other emerging markets, keep buying gold, and money is flowing back into gold funds.
• Silver is doing even better than gold because it is also an industrial metal, and AI servers, chips, data centers, and solar panels all need it.

Outlook: With buyers looking for a safe place to hide from choppy stocks, gold should stay supported and silver may keep outrunning it.