Deutsche Bank reported that in August, gold prices rose 9.7% month-over-month, closing at $4,437 per ounce, while silver surged 15.6% to $66.58 per ounce, primarily driven by rising inflation expectations and concerns about financial repression. In agricultural commodities, corn futures increased by 16.8% (the largest monthly gain in five years), wheat rose by 18.3% (the strongest in four years), and sugar prices soared by 21.5% (the largest monthly gain since 2018).