This week started very well for precious metals and these tendencies are continued on Tuesday. While gold price is getting close to $2000 other metals are actually gaining more. Silver is up 2.6%, platinum adds 2.5% and palladium 2.3%.
The story remains the same – ultra supportive Fed that pushes the USD down and encourages risk taking. Metals gain strongly and at the same time US100 soars to fresh all-time highs.

U.S. attacks on Iran suspended π₯
Market Wrap: A 4% surge in oil prices weighs on indices (08.10.2026)
Morning wrap: Wall Street and precious metals attempt to stabilize as oil gains nearly 2%
Daily summary: Wall Street recovers losses despite a surge in yields π½ Gold and silver retreat