Precious Metals

Comex gold settled down 0.5% at $4,017.70/oz and silver fell 2.4% to $52.191/oz. Stronger-than-expected US GDP and persistent oil-driven inflation kept December rate-hike odds elevated. Elevated yields and a stronger dollar weighed on both metals. Read →

Platinum futures on GFEX dropped sharply after September PCE data showed headline inflation at 3.6% YoY, up from 3.4%. Palladium also declined. Sticky inflation reinforced rate-hike expectations, pressuring the platinum-group metals complex. Read →

COMEX gold futures traded at $4,073.70 per ounce, up 0.55%, and silver futures rose 0.99% to $54.195 per ounce in early Thursday trade after the Fed held rates at 3.75-4.00%. The rebound follows Wednesday pressure ahead of the decision, with investors weighing inflation outlook and West Asia developments. Read →

Comex gold traded near $4,050 per ounce and silver near $53.30 per ounce on Thursday after opening higher then reversing, with MCX gold near ₹1,43,600 per 10 grams. Two Fed officials dissented favoring a 25 bp hike, lifting December hike odds amid a stronger dollar and elevated rates outlook. Read →

Spot gold rose 0.1% to $4,061.86/oz after a prior 1%+ gain, with futures steady near $4,075.60. Traders await the Fed decision and PCE data, expecting a hold today but pricing an 84% chance of a December hike. Lower oil prices from Middle East de-escalation hopes reduced inflation pressure on bullion. Read →

Shanghai Gold Exchange Au99.99 volumes hit 43 million lots (430 tonnes) last week, the highest since April, reflecting physical demand as prices fell. Chinese retail buying via accumulation plans accelerated, with first-nine-months purchases already exceeding 2025 full-year totals. This household demand provides support near $4,000 amid equity and property weakness. Read →

Gold-backed ETFs recorded the first weekly net outflow in a month (13 tonnes), led by North American redemptions, while Chinese physical demand surged. Silver hit an 11-month low near $52.68/oz before partial recovery. The divergence highlights Asia physical buying offsetting Western ETF selling near multi-month lows. Read →

Spot gold traded at $4,021 per ounce after recovering the $4,000 level. CFTC data showed eight straight weeks of declines in speculative net-long positions, down 28.2% as prices fell 10.6%. SPDR Gold Shares saw a large weekly outflow of 1.64% or about 17 tonnes, the biggest since early March. Read →

Spot gold held steady at $3,994.88 an ounce in early Asian trade. Renewed oil-price gains from Middle East tensions are reviving inflation concerns and expectations for higher US interest rates, which typically pressure non-yielding assets like gold. Read →

COMEX gold futures rose 0.04% to $4,009.50 an ounce and silver futures gained 0.37% to $54.15 an ounce on Monday. The modest recovery follows a 4.14% weekly drop in gold and nearly 6% slide in silver, with investors assessing US rate outlook, bond yields and crude prices ahead of the Fed's October 27-28 decision. Read →

Gold fell as much as 0.9% below $4,000/oz to a three-month low near $3,990 amid a deepening equity rout and rotation into Treasuries. The move followed a nearly 3% drop Thursday and reflects liquidity-driven selling rather than a shift in fundamentals. It underscores short-term pressure on bullion despite ongoing safe-haven interest. Read →

Silver futures settled down 4.6% at $54.764/oz, the lowest since November 2025, as rising oil prices revived inflation concerns and higher-for-longer rate expectations. The decline extended a second straight session and reflects silver's dual exposure to industrial demand and macro headwinds. It highlights near-term vulnerability for the white metal amid energy volatility. Read →

Newmont posted adjusted Q3 profit of $2.20/share, beating estimates, with revenue up 15% to $6.36 billion on higher gold prices averaging $4,204.59/oz. Copper output at Cadia jumped 35% sequentially after recovering from disruption. The results demonstrate operational resilience and margin support from elevated prices even as the broader market sells off. Read →

Spot gold eased for a fourth straight session, touching a one-week low near $4,116/oz before steadying around $4,136 as Brent crude climbed above $110 on Middle East supply concerns. Hotter US inflation data reinforced expectations of a December Fed rate hike with 88-90% odds priced in, raising the opportunity cost of holding non-yielding bullion. The pullback occurs despite ongoing central-bank purchases and ETF demand that continue to anchor physical markets. Read →

Gold held a decline near $4,115 an ounce after falling more than 1% this week. A diplomat dismissed reports of an imminent deal to end the US-Iran war, keeping oil near five-month highs and sustaining inflation concerns. This keeps traders focused on the Federal Reserve’s potential December rate hike amid energy-led price pressures. Read →

Physically backed gold ETFs recorded $1.91 billion in net inflows last week, the 13th consecutive positive week. US investors added nearly $1 billion and Chinese investors $498 million. Holdings have held above 101 million ounces despite gold prices struggling around $4,100-4,200 an ounce. Read →

Bloomberg-tracked gold ETF holdings reached a year-to-date peak of 101.3 million ounces on October 8. Kazakhstan’s central bank plans to reduce gold’s share of reserves from 78% to 75% by year-end after adding 36 tonnes earlier. Prices remain under pressure from hotter-than-expected US CPI and PPI data reviving rate-hike bets. Read →

Spot gold rose 0.2% to $4,172.87/oz and December futures gained 0.3% as oil slipped from a five-month high after the US waived sanctions and tariffs on Russian fuel. Softer energy prices eased some inflation worries ahead of the Fed’s Oct 27-28 meeting, where traders saw only a 15% chance of a hike this month. UBS analyst Giovanni Staunovo noted gold holding up even as the dollar strengthened due to safe-haven demand. Read →

Gold ETFs recorded $1.91 billion in net inflows last week ($2.3B inflows minus $479M redemptions), marking the 13th consecutive week of positive flows despite gold prices falling over 4% this month. US investors added nearly $1B and China $498M, with Asia outpacing Europe year-to-date. Persistent ETF buying provides structural support to physical demand even as prices consolidate near $4,120-4,150/oz. Read →

Spot gold rose 0.4% to around $4,181/oz in early Asian trade on Monday as markets lowered the odds of a Federal Reserve rate hike this month to under 20% following dovish comments by Fed Chair Kevin Warsh. The move eases immediate pressure on non-yielding bullion from higher borrowing costs after last week's hotter US inflation data. Silver, platinum and palladium also advanced, with lower oil prices providing additional support by tempering inflation concerns. Read →

Gold and silver futures climbed on Monday with Comex gold near $4,200/oz and silver near $57.60/oz as traders scaled back expectations for a Fed rate increase this month following Warsh's remarks. Lower crude oil prices further supported the complex by easing inflation worries. Domestic Indian futures on MCX also opened higher, reflecting the firmer global cues. Read →

Spot gold gained 0.3% to $4,175.60/oz and US futures rose 0.4% as softer oil prices reduced near-term inflation pressures after a sharp prior rise. Traders assessed the Fed's path with October hike odds now around 16% and December still heavily priced in. Silver, platinum and palladium also posted gains amid the shift in sentiment. Read →

Comex front-month gold gained $62.90 or 1.54% to settle at $4,147.70 after snapping a three-session losing streak. A drop in U.S. Treasury yields and a weaker dollar outweighed the impact of hotter-than-expected inflation data. Central bank buying continues to cushion downside risks despite the recent volatility. Read →

September PPI jumped 1.3% month-over-month, the largest gain in over four years, lifting the annual rate to 6.3%. Gold spot advanced to $4,175.90 (+1.24%) and silver to $57.55 (+1.99%) in early U.S. trade as softer yields and dollar supported the rebound. The data reinforced precious metals’ role as an inflation hedge ahead of further Fed signals. Read →

US September CPI rose 0.6% month-over-month, the fastest since April, lifting odds of a Federal Reserve rate hike this month and pushing Treasury yields higher. Gold recouped some losses to trade near $4,151 an ounce after falling the prior session, while silver also gained modestly. The data reinforced expectations that energy-driven inflation could keep policy tighter, weighing on non-yielding metals. Read →

Front-month Comex gold settled 1.64% lower at $4,084.80 per ounce and silver fell 6.1% to $55.55, its lowest close in nearly 11 months, after September CPI exceeded estimates. The stronger dollar and higher yields increased the opportunity cost of holding precious metals. Attacks in the Persian Gulf lifted oil prices, adding to inflation concerns that could complicate the Fed's path. Read →

The People’s Bank of China added 23 tonnes of gold in September, its largest monthly purchase since October 2023, extending its buying streak to 23 consecutive months and lifting Q3 purchases to 63 tonnes. Official holdings reached 2,410 tonnes. The strong official demand provides a structural floor for gold prices amid recent market volatility. Read →

Spot gold stayed little changed at $4,159.45/oz as traders positioned ahead of the US CPI release at 8:30 a.m. ET. New York Fed President John Williams said one more rate hike this year may be appropriate, though none in 2027. Oil rose above $106/bbl on Middle East attacks, keeping rate-hike odds in focus and capping bullion gains. Read →

Bullion traded near $4,170/oz after holding a two-day decline. Fed New York President Williams signaled one more hike may be needed this year but not in 2027, tempering December odds and supporting prices. Brent crude stayed above $106/bbl amid Middle East tensions. Read →

Spot gold firmed to $4,184/oz on retreating dollar and yields. PBOC added 23 tonnes in September, its 23rd straight month of buying and largest since 2023. Chinese imports exceeded 1,000 tonnes in the first eight months of 2026, topping all of 2025 and underpinning physical demand. Read →

Physically backed gold ETFs attracted $10 billion (67.3 tonnes) in September, lifting Q3 inflows to a record $31 billion with holdings rising to an all-time high of 4,256 tonnes. North American and European funds led, including the UK’s strongest quarter ever; inflows persisted despite higher yields and a price pullback, showing investors bought the dip for diversification. Read →

First Majestic Silver produced 3.4 million ounces of silver in Q3 2026, down 11% year-over-year and 9% from Q2, mainly due to a 12-day labor dispute at the San Dimas mine that cut its output 41%. La Encantada output jumped 68% on higher grades and throughput, but overall supply from this major producer tightened. Read →

China spent a record $158.8 billion importing over 1,000 tonnes of gold in the first eight months of 2026, exceeding all of 2025. The PBOC added about 23 tonnes in September, its biggest monthly purchase in nearly three years, extending a 23-month streak. Official and private buying supports prices by hedging dollar dependence and providing a safe-haven alternative in a weak domestic economy. Read →

Spot gold rose 1.1-1.4% to around $4,177-$4,191/oz Friday after a two-month low Wednesday, with US futures up similarly. A breather in the dollar rally, slipping 10-year Treasury yields and lower oil prices after Trump ruled out an Iran attack before midterms supported prices. Traders price a low October hike chance but 83% odds for December amid ongoing inflation concerns. Read →

Physically backed gold ETFs attracted $10bn in September and a record $31bn in Q3 despite an 8.5% gold price drop that month. Holdings rose 67 tonnes to a record 4,256 tonnes while AUM fell 7% to $574bn. Europe led with $3.6bn in September (record $14bn quarter), followed by North America at $4bn ($12bn quarter), led by UK-listed funds. Read →

The People’s Bank of China increased its gold reserves by 21 tonnes in September to 2,196 tonnes, the largest monthly addition since September 2023 and the 23rd consecutive month of purchases. The move came as gold prices declined, with prior months seeing 18, 18.5 tonnes added. This reinforces structural central-bank demand that supports physical balances even during price pullbacks. Read →

Spot gold steadied near $4,117/oz on Thursday after hitting a two-month low on Wednesday, driven by a firmer dollar and higher Treasury yields. FOMC September minutes released overnight showed policymakers divided on the rate-hike rationale, with markets pricing an 86% chance of a December increase per CME FedWatch. Platinum and palladium each rose over 1% while silver fell. Read →

Spot gold fell 0.8% to $4,130.37/oz and silver dropped 1.9% to $60.54/oz as the US dollar index rose 0.3%. Platinum eased 1.3% to $1,679.20/oz and palladium lost 1.5% to $1,154.35/oz. Traders await September FOMC minutes for signals on further rate hikes amid persistent inflation concerns from the Middle East conflict. Read →

The People’s Bank of China increased gold reserves by 740,000 ounces (about 23 tonnes) in September to 77.47 million ounces, extending its streak to 23 consecutive months. The addition came as gold prices weakened, with holdings now valued at $323.5 billion. This reinforces ongoing central-bank demand despite near-term price pressure. Read →

Delegates at the London Bullion Market Association conference in Sorrento predicted gold will reach $5,013/oz in 12 months from current levels near $4,170. Silver is seen at $97/oz, platinum at $1,914/oz and palladium at $1,415/oz. The poll reflects sustained long-term bullishness from central-bank buying and diversification despite 2026 rate-hike headwinds. Read →

ICE began trading physically settled daily gold futures in London, priced off its own auctions, along with silver, platinum and palladium contracts. The move targets the world's largest physical bullion market, which handles nearly $190 billion in daily OTC gold trades. It aims to bridge pricing gaps with New York and revive futures activity absent since the LME exit in 2022. Read →

Global central banks reported net purchases of 39 tonnes in August, led by China (+20t), Poland (+8t) and Uzbekistan (+8t). Year-to-date buying reached 170t with Poland at 98t and China at 80t. China extended its streak to 22 consecutive months; Russia sold another 6t. Read →

Spot gold rose 0.3% to $4,153.56/oz and December futures gained 0.5% to $4,181.70 after September US payrolls missed forecasts and prior months were revised sharply lower. CME FedWatch Tool now prices only an 18% chance of an October hike versus 64% a week earlier. Silver climbed 1.7% to $61.40/oz, platinum 1.1% and palladium 0.3%, as lower rate expectations reduce opportunity costs for non-yielding metals. Read →

On MCX, December gold futures fell Rs 1,400 to Rs 1,49,050 per 10 grams while silver futures rose Rs 1,025 to Rs 2,26,902 per kg. Spot gold gained 0.4% to $4,158.17/oz and silver 1.7% to $61.40/oz overseas. Domestic divergence reflects local factors even as softer US data supports the complex globally. Read →

Gold, silver and copper hit record highs this year amid frenetic Chinese buying and safe-haven flows tied to geopolitical tensions and US policy uncertainty. Silver briefly topped $92/oz and gold set fresh peaks; a pending US Section 232 probe on tariffs for silver, platinum and palladium is tightening London market conditions via backwardation. Read →