Stocks are flying higher on Wall Street along with precious metals, says Chris Beauchamp, Chief Market Analyst at online trading and investing platform IG. Rally in stocks pushes onThe August surge in equities continues to make headway, with the S&P 500 and Dow both clocking up a second consecutive all-time high. Gold and silver enjoy best day in weeksPrecious metals have taken the bull by the horns today, basking in their best day since mid-June. Hopes were high back in late March that the price of both had bottomed out, but that proved to be a false dawn thanks to the dollar. A dramatic reversal over the last week paves the way for a continued recovery in precious metals, though much depends on how Fed commentary evolves ahead of Jackson Hole later in the month.