Gold gains 1%, silver surges 3% 📈Precious metals near record levels again

Despite the renewed bull run in US equities, a weakening dollar is supporting further gains in precious metals. Gold is moving back toward $4,890 per ounce, while silver is matching record levels near $95 per ounce, up almost 3% today. Today’s US data (PCE inflation and jobless claims) came largely in line with expectations and, in theory, could have encouraged a pullback in metals given that some readings were slightly above forecasts. Instead, the price action suggests the rally is being driven by more structural forces.

The market appears to be supported by a broad set of buyers accumulating meaningful volumes largely regardless of short-term swings in macro prints. Ongoing uncertainty around transatlantic relations is also underpinning sentiment. Moreover, a prolonged risk rally can itself lift hedging demand, naturally directing attention first and foremost toward gold.

Source: xStation5

16 October 2026, 6:55 PM

Daily Summary: Friday offers no relief; the US100 drops 2%🚨

16 October 2026, 5:21 PM

Three Markets to Watch Next Week (October 16, 2026)

16 October 2026, 12:42 PM

Market wrap: European indices rebound 🔼 Defence stocks on the rise

16 October 2026, 10:23 AM

🔼 EURUSD continues to rebound

Commodities

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