Precious Metals

Spot gold held near $4,188/oz early Friday, down over 2% for the week, as a stronger dollar and record-high Treasury yields weighed on prices ahead of the September US nonfarm payrolls report due at 12:30 GMT. Traders now price only a 26% chance of a Fed rate hike this month versus 70% earlier in the week, with an 80% probability seen for December. Silver rose 0.7% to $61.26/oz while platinum and palladium also gained modestly but remain on track for weekly declines. Read →

Spot gold edged 0.2% higher to $4,165/oz Thursday after August US inflation data came in softer than expected, cutting October Fed rate-hike odds to 31% from 69% a week earlier. HSBC lowered its 2026 average gold price forecast to $4,490/oz, citing near-term pressure but expecting central banks to resume buying near or below $4,000. Silver gained 0.2% to $60.51/oz and platinum rose 0.1%, while palladium fell 2.2%. Read →

South Korea’s central bank will purchase gold from local producers starting mid-December once its transaction system is ready, with roughly 1 metric ton potentially available. This marks the Bank of Korea’s first reserve gold buying since 2013 and follows its August announcement to support foreign-exchange reserve management. The central bank holds 104.4 tonnes of gold, or 3.1% of reserves, stored primarily in London. Read →

Spot gold and silver prices fell in late US trading Wednesday as cooler August PCE data reduced October Fed hike odds but failed to halt a further rise in long-dated Treasury yields. The report notes the complex traded lower despite the inflation print, with yields remaining the dominant driver. This dynamic underscores how bond-market moves continue to weigh on non-yielding precious metals even amid shifting rate expectations. Read →

Gold held steady near $4,192 per ounce while silver gained modestly on October 1 as markets assessed US rates, Treasury yields, the dollar and geopolitics. The piece highlights five straight days of rising gold ETF holdings as evidence of persistent longer-term investment demand despite the September correction. Key watches include yields, Fed policy signals and upcoming jobs data. Read →

Spot gold changed little at $4,146.66 per ounce in early Asian trade Thursday while silver fell 0.4 percent, platinum 0.1 percent and palladium 0.4 percent. US gold futures for December eased 0.3 percent. The report captures the overnight consolidation after Wednesday’s session where softer US inflation data provided only brief support before yields reasserted pressure. Read →

Spot gold held near $4,180/oz on Wednesday, down about 6% for September. Traders priced in higher Fed rates after oil-driven inflation concerns lifted yields, with PCE data due later. Silver, platinum and palladium also face monthly losses as the dollar strengthens. Read →

Australia's top gold producer Northern Star rejected an unsolicited A$38.7 billion ($27.1 billion) cash-and-stock bid from South Africa's Gold Fields that would have created the world's No. 2 gold miner by output. The board called the offer opportunistic and materially undervalued its assets while exposing shareholders to higher jurisdictional risk via a large equity component. Northern Star shares rose 6.2% on the news while Gold Fields shares fell sharply, underscoring ongoing consolidation pressure in the sector. Read →

Barrick Mining signed a new collective bargaining agreement with unions at its Loulo-Gounkoto gold complex in western Mali, calling off planned strikes by workers at the mine and related contractors. The deal resolved 15 demands around overtime pay and expenses after talks on September 21. It removes immediate operational disruption risk at one of Mali's largest gold operations following prior government disputes. Read →

Spot gold fell 2.1% to $4,198.10/oz and US futures to $4,231.00 as higher oil prices stoked inflation fears and boosted expectations for further Federal Reserve rate hikes this week. Silver dropped 3.4% to $62.08/oz, platinum 2.7% to $1,730.78/oz and palladium 2.8% to $1,231.46/oz. The move underscores how energy-driven inflation signals are pressuring non-yielding assets across the complex. Read →

Northern Star Resources rejected an unsolicited A$39bn ($27bn) offer from South Africa’s Gold Fields as opportunistic and undervaluing its assets. The deal would have created the world’s second-largest gold miner and Australia’s largest with 2.4 million ounces annual output, mostly from Western Australia. Shares in Northern Star rose 7% after the rejection, highlighting consolidation pressure in the gold mining sector amid volatile prices. Read →

Palladium traded at $1,237/oz, down more than 3% on the day with a 52-week range of $1,171, $2,265. The decline aligns with the broader precious metals complex selloff driven by higher oil prices and rate-hike expectations. FT markets coverage notes parallel moves in platinum, gold and silver amid the risk-off sentiment. Read →

Gold traded around $4,270 an ounce, down more than 2% for the week. Elevated energy prices from the US-Iran impasse lifted bond yields and boosted odds of further Federal Reserve rate hikes. Oil steadied after a surge while negotiators explored a phased Hormuz deal. Read →

Spot gold eased 0.5% to $4,265.50 per ounce, its lowest since September 16. Higher oil after a Houthi attack and Fed officials signaling more rate hikes pressured prices. The dollar hit a two-month high and 10-year Treasury yields reached near two-decade highs. Read →

Spot gold fell 0.2% to $4,270.40 per ounce and is down more than 2% for the week. A firmer dollar and expectations of sustained high US rates to fight inflation weighed on bullion. Silver slipped 0.5% to $63.58 while platinum steadied and palladium fell 1.3%. Read →

Spot gold was little changed at $4,285.31/oz and December futures at $4,321.40/oz in early Asian trade Thursday. Silver fell 0.6% to $64.08/oz while platinum held at $1,749.47/oz and palladium edged up 0.2% to $1,261.95/oz. The moves reflect broad pressure on the complex from a firmer dollar and shifting rate expectations. Read →

Spot gold dropped 0.9% to $4,316.59/oz and December futures fell 0.5% to $4,353.30/oz amid a stronger dollar at a two-month high and hawkish Fed remarks reinforcing tighter policy views. Silver fell 2.7% to $65.28/oz, platinum lost 2.3% to $1,790.48/oz and palladium declined 2% to $1,280.72/oz. Geopolitical comments on Iran added to volatility but did not offset the macro headwinds. Read →

Flash S&P Global US composite PMI rose to 58.4 in September, well above the 55.2 consensus, with services at 58.7 and manufacturing at 57.0. Spot gold fell to session lows near $4,282.81/oz, down about 1.74% on the day as stronger US data reinforced rate-hike bets. The acceleration in business activity to a five-year high weighed on safe-haven demand across precious metals. Read →

Spot gold traded around $4,340 an ounce, erasing prior-session gains. Traders monitored US-Iran diplomacy and Fed comments on how energy costs will shape the rate path after the central bank's first hike in three years. Lower oil prices reduced immediate inflation pressures that had supported bets on further tightening. Read →

Bullion recovered from a 1.2% drop as Brent crude pared losses to near $98 a barrel after an 8% slide over four sessions. Easing Middle East export concerns and renewed US-Iran diplomacy cut the risk of sustained energy-driven inflation. The moves lowered the odds of additional Fed rate hikes that weigh on non-yielding metals. Read →

Spot gold fell 0.2% to $4,345.99 per ounce while US gold futures rose 0.2% to $4,382.70. Silver dropped 0.4% to $66.78, platinum 0.8% to $1,818.21 and palladium 0.4% to $1,302.61. Markets weighed higher-for-longer rates from major central banks alongside geopolitical developments. Read →

COMEX gold rose 0.17% to $4,391.30/oz and silver gained 0.58% to $66.80/oz in early Asian trade on Sep 22. Softer oil prices and hopes of US-Iran talks supported prices, while St. Louis Fed President Alberto Musalem's hawkish comments on further rate hikes capped gains. Investors await more Fed signals on policy. Read →

Artemis Gold (TSXV:ARTG) will acquire Vista Gold (TSX:VGZ) in a $427 million all-share transaction, adding the Mt Todd gold project in Australia's Northern Territory. The deal values Vista at a 29% premium and gives Artemis a pathway to over 1 million oz annual production alongside its Blackwater mine. Closing is expected in January 2027 after approvals. Read →

Spot gold rose 0.3% to $4,357.31/oz, silver 0.7% to $66.48/oz, platinum 0.8% to $1,811.28/oz and palladium 0.7% to $1,309.78/oz on Tuesday. Lower US Treasury yields provided support even as higher-for-longer rate expectations limited broader gains across the complex. Read →

Spot gold fell as much as 0.7% below $4,350 an ounce, erasing last week’s modest gain. Traders assessed persistent inflation risks and the Federal Reserve’s first rate hike since 2023, with several policymakers scheduled to speak this week. Higher rates increase the opportunity cost of holding non-yielding bullion. Read →

Spot gold dropped 0.5% to $4,354.30 an ounce amid fresh Iran-US tensions and expectations of further central-bank tightening. Oil prices eased on hopes of diplomatic progress, while silver, platinum and palladium also moved lower except palladium which rose 0.8%. Analysts noted official-sector demand continues to underpin prices structurally. Read →

Net central-bank purchases hit 23 tonnes in July with China adding 20 tonnes for its 21st straight month of buying. The pace of 91 tonnes per month far exceeds the pre-2022 average of 17 tonnes, providing a structural floor despite recent price volatility and rate-hike pressures. Read →

Spot gold traded around $4,350 an ounce after rising almost 2% on Thursday, recovering most losses from the prior three sessions. The rebound followed the Fed's first rate hike since 2023 and a drop in oil prices that reduced inflation concerns. Lower Treasury yields across maturities also eased pressure on the non-yielding metal. Read →

Spot gold rose 2.3% to $4,360.36 per ounce on Thursday, rebounding from a near six-week low. Easing oil prices to a one-week low and a softer US dollar supported the move, with silver up 4.2%, platinum up 1.8% and palladium up 1.6%. Traders assessed the Fed's rate increase and signals of further hikes. Read →

Venezuela's interim government and opposition are close to an agreement to transfer about $4 billion in central bank gold reserves from the Bank of England to the Federal Reserve Bank of New York. The deal would give legal control to the interim government of Delcy Rodríguez but bar immediate sales; the gold could serve as collateral for borrowing to fund earthquake reconstruction. This would end a seven-year dispute over the holdings. Read →

The Federal Reserve raised its benchmark rate by 25 basis points for the first time in three years and signaled another hike likely before year-end via its median dot plot at 4.1%. Gold fell 2% over three sessions to around $4,270/oz as higher yields increase the opportunity cost of holding non-yielding bullion. The move followed sticky inflation and elevated oil prices, pressuring precious metals broadly. Read →

COMEX gold fell 0.88% to $4,348.90/oz and silver 0.90% to $64.335/oz on Thursday following the Fed's unanimous 25 bp hike and projections for further tightening. The decision shifts focus to yields and the dollar as headwinds for non-yielding metals. Oil's decline provided some relief but did not offset the hawkish policy tilt. Read →

Spot gold rose 0.8% to $4,328.39/oz with silver up 1.5% to $64.60, platinum +0.7% and palladium +1.6-2.2%. Traders priced in a 92%+ chance of a 25bp Fed hike later Wednesday; easing oil prices and fiscal concerns provided support despite the expected rate increase. Read →

Bullion traded around $4,290/oz after a two-day drop. Elevated oil prices and inflation concerns kept rate-hike bets near certainty, with traders assigning a 92-93% probability of a Fed increase that typically weighs on non-yielding gold. Read →

Gold fell as much as 2.2% below $4,300/oz after hotter-than-expected US inflation data and surging oil prices above $100 reinforced expectations of Federal Reserve rate hikes this week. Higher Treasury yields and a stronger dollar added pressure. The move highlights near-term headwinds for precious metals from tighter policy bets despite longer-term support factors. Read →

The World Platinum Investment Council revised its 2026 forecast to a slim surplus of 265,000 troy ounces from a prior 297,000-ounce deficit. Total demand is now expected to fall 18% year-on-year due to investor selling and weaker Chinese jewelry demand, though longer-term demand may benefit from AI infrastructure build-out. The shift marks the first surplus since 2022. Read →

Tharisa priced a $300 million five-year senior secured Nordic bond at 98% of par with an 11% coupon to fund completion of its Karo Platinum Project in Zimbabwe. The oversubscribed offering drew broad global institutional demand and will support first ore to the mill in Q4 2027, more than doubling the company's PGM output once ramped up. Read →

Spot gold rose over 1% on Friday to around $4,377 after August core CPI rose 0.3% month-over-month, exceeding the 0.2% forecast and pushing CME FedWatch odds of a September rate hike to roughly 90%. The print reinforced expectations of tighter policy amid resilient inflation and higher oil prices, yet physical buying supported prices near $4,350 support. The move highlights gold's dual role as both a hedge and a rate-sensitive asset in the current environment. Read →

Tharisa successfully priced a $300 million five-year senior secured Nordic bond at 98% of par with an 11% coupon to complete its Karo platinum project in Zimbabwe, where first ore is expected in Q4 2027. The oversubscribed offering drew broad international demand and follows a 25-year mining lease and offtake agreement, positioning the company to more than double PGM output. The financing de-risks a major new supply source in a market facing potential deficits. Read →

Global gold ETFs recorded $18 billion in net inflows for August, the second-largest monthly total on record, pushing holdings to a record 4,189 tonnes and AUM to $615 billion. North America and Europe led with $7.7 billion and $7.9 billion respectively, reflecting renewed institutional allocation amid higher gold prices and portfolio diversification needs. Read →

BMI lowered its 2026 platinum average price forecast to $1,900/oz from $2,000 and palladium to $1,400/oz from $1,500, citing softer car sales and faster-than-expected recovery in South African mine output. The firm still projects deficits for both metals this year but notes platinum’s longer-term structural support from industrial uses. Read →

Spot gold held near $4,396.69/oz and silver at $67.30/oz with modest futures moves. Platinum climbed 0.1% to $1,897.57/oz and palladium 0.2% to $1,355.44/oz. The moves reflect shifting U.S. rate expectations and resilient data, giving PGMs relative strength versus gold and silver. Read →

Spot gold was nearly unchanged at $4,396.69/oz as traders awaited U.S. PPI today and CPI Friday. Markets price a 60% chance of a rate hike at the next Fed meeting. Platinum rose 0.1% while the WPIC noted a shift to the first platinum surplus since 2022 on weaker investment and jewelry demand. Read →

China’s central bank added 20.2 metric tonnes of gold in August, its largest monthly purchase since October 2023, lifting official holdings to roughly 2,387 tonnes and marking the 22nd straight month of accumulation. The move came as prices pulled back earlier in the year and follows double-digit monthly buys since May. Central banks led by China and Poland remain the dominant buyers year-to-date, with reported purchases totaling around 130t so far in 2026. Read →

People’s Bank of China bought 650,000 ounces of gold in August, its largest monthly addition since October 2023 and 22nd straight month of purchases. Official reserves reached 76.73 million ounces. Persistent central-bank demand underpins long-term gold prices even amid volatility from U.S. data and geopolitics. Read →

Spot gold rose 0.1% to near $4,407/oz as the dollar slipped, with traders eyeing Thursday PPI and Friday CPI prints that could shift Fed rate-hike odds. Silver gained 0.1% while platinum and palladium eased slightly. BMI lowered 2026 platinum and palladium forecasts on weaker auto demand and rising supply. Read →

Société Générale reports bullish signals across gold positioning, ETF flows, futures and options from retail to institutions. Market awaits August central-bank data to gauge durability of official-sector support, a core pillar of the current bull run. Read →

Spot gold fell 0.7% to $4,398.13/oz after August US nonfarm payrolls beat expectations and the unemployment rate held at 4.1%. Traders now price a 58.4% chance of a Fed rate hike at the Sept. 15-16 meeting, with CPI and PPI data due this week. Silver eased 1% to $65.53/oz, platinum lost 0.8% and palladium fell 0.5%. Read →

World Gold Council data show central banks net bought 23 tonnes of gold in July. China added 20 tonnes for its 21st straight month, Poland bought 8 tonnes and leads 2026 buyers with 90 tonnes YTD. Russia sold 6 tonnes, the largest seller that month. Read →

China Platinum spot gained 4.66 yuan (+0.23%) while imported palladium dropped 21.31 yuan (-1.37%) and domestic palladium fell 16.75 yuan (-1.12%) on Sep 7. Platinum futures extended a rebound amid sluggish spot trading; palladium futures swung lower on broader precious-metals pressure. Read →