Precious Metals

Spot gold fell 0.8% to $4,182.47/oz on Friday and is headed for a 3.4% weekly decline. Silver dropped 0.9% to $66.78/oz while platinum rose 0.4% and palladium gained 1.7%. Persistent inflation data and expectations of U.S. Federal Reserve rate hikes are weighing on prices. Read →

Indian dealers reported discounts up to $35/oz as gold prices in India fell to their lowest since April 2. Demand ticked up modestly this week with softer prices attracting jewellery buyers. Chinese premiums eased to $1-$5/oz. Read →

The National Bank of Georgia purchased $100 million in physical gold on Wednesday. Gold's share of its reserves will reach 15.5% and total reserves hit a record $7 billion. This marks continued central-bank buying supporting the gold market floor. Read →

Spot gold rose 0.6% to $4,097 after touching a six-month low earlier. Silver, platinum and palladium also edged higher. Gains stayed limited by May CPI at 4.2% and Middle East tensions lifting inflation and rate-hike odds. Read →

Spot gold fell 3.5% to $4,112, its lowest since March 23. Silver, platinum dipped while palladium rose. Escalating US-Iran conflict boosted oil and inflation expectations, pressuring non-yielding metals. Read →

National Bank of Georgia purchased $100 million in LBMA gold bars, lifting reserves to a record $7 billion. Gold now comprises 15.5% of reserves. The move aligns with Q1 global central-bank purchases exceeding 970 tonnes. Read →

Spot gold traded around $4,201-$4,223/oz after settling down 3.1% on Friday amid renewed Middle East strikes and rising yields. Stronger US jobs data fueled expectations of Federal Reserve rate hikes, pressuring non-yielding metals. The move extends a weekly decline for gold and silver. Read →

People's Bank of China added 320,000 oz in May, extending its streak, while World Gold Council data showed 244 tonnes of net central bank purchases in Q1 2026. Western ETFs recorded $1.8bn net outflows in May amid higher rate expectations. Persistent official buying supports fundamentals despite investor selling. Read →

WPIC revised its 2026 platinum market deficit forecast to 297 koz from 240 koz on tighter supply from South Africa and Russia. Above-ground stocks are projected to fall to under three months' cover by year-end. Investment demand is expected to rebound and widen the structural shortfall. Read →

Shares of Chinese gold jewelry companies plunged as precious metals prices continued to fall. The sell-off follows recent price weakness in gold and silver. This highlights sensitivity of Chinese equity exposure to spot metal moves. Read →

Gold stayed essentially flat near $4,341/oz while silver rose 0.81% to $68.90. Platinum fell 1.15% and palladium declined 0.69%, with UBS cutting its palladium target citing 2026 surplus. Geopolitical uncertainty from US strikes on Iranian targets offset some safe-haven flows. Read →

Spot gold fell to a more than two-month low near $4,314 on Monday after strong US jobs data raised December Fed rate-hike odds to 72%. Higher yields increased bullion's opportunity cost. Silver also eased while physical buyers remained steady ahead of CPI data. Read →

Commerzbank analyst Carsten Fritsch lowered the bank's end-2026 gold price forecast to $4,800 per ounce from $5,000, citing an oil-driven rate shock and shifting U.S. monetary policy expectations. The 2027 target stays at $5,200. The revision signals tempered near-term optimism despite persistent central bank buying and debt concerns, pressuring spot prices lower. Read →

HDFC Mutual Fund restricted large direct subscriptions (₹25 crore+) into its Gold ETF from June 8 and capped lump-sum FoF purchases at ₹10 lakh per PAN monthly. The moves address surging demand that strains physical gold sourcing amid high prices and import duties. This cools Indian ETF flows, a key driver of recent safe-haven buying. Read →

Metals Focus forecasts platinum prices averaging $2,190/oz in 2026, up 71% y/y, on persistent market deficits, tightening supply and rising investor demand. Palladium is seen averaging $1,570/oz, up 37%. Geopolitical fragmentation and deficits underpin the bullish PGM outlook despite recent price volatility. Read →

Central banks resumed net gold buying in April with 17-19 tonnes added after March net sales, led by Poland's 14t and China's 8t purchase, its largest since Dec 2024 and 18th straight month. The rebound signals strategic reserve demand from emerging markets persists despite recent price weakness, supporting the complex as a long-term bid. Read →

WGC data shows central banks bought a net 17-19 tonnes of gold in April, reversing March sales, with Poland at 14t (YTD 45t, reserves now 595t) and China adding 8t to reach 2,322t. Eastern Europe and Asia drive the trend, reinforcing gold's role in reserves amid geopolitical factors. Read →

Global gold-backed ETFs saw modest $2bn outflows in May as investors stayed sidelined amid rangebound prices, with Europe the sole region showing inflows. AUM fell 2% to $604bn and holdings dipped 0.4% to 4,121t, just below February's record, though YTD inflows remain positive at nearly $17bn. Read →