Spot silver reached $60 per ounce for the first time ever, propelled by tight supplies and growing demand. The surge is drawing fresh scrutiny as supply shortages, rising industrial demand, and speculative flows reshape silver’s traditional role.
The Bank for International Settlements says gold’s 60% surge alongside record-setting equities marks an unusual pattern that may signal speculative excess across major markets.
Gold prices retreated from a six-week high as rising U.S. Treasury yields and investor profit-taking weighed on the metal, while silver pulled back from its record peak.
Silver has outperformed gold in 2025, soaring 71% amid tightening supply, emptying vaults, and accelerating industrial demand from EVs, AI hardware, and solar technologies. Analysts say prices may continue rising.
Deutsche Bank increased its 2026 gold price forecast to $4,450 per ounce, citing stronger investor flows and persistent central-bank buying that continue to tighten supply.
Gold climbed over 1% to its highest level in nearly two weeks after soft U.S. economic data strengthened expectations of a Federal Reserve rate cut next month, lifting demand for non-yielding bullion.
China’s net gold imports via Hong Kong fell sharply in October, sliding about 64% from September as softer domestic demand and high global prices curbed buying activity.
Gold prices declined after a stronger-than-expected U.S. labor report and a firmer dollar, which reduced expectations of an imminent interest-rate cut by the Federal Reserve.
Deutsche Bank is re-establishing its presence in global precious-metals trading after a hiatus, generating well over $100 million in first-half revenues and signalling a strategic shift toward bullion markets.
Gold prices edged higher following two consecutive days of losses, as markets trimmed expectations for a near-term U.S. rate cut and investors reassess safe-haven dynamics.
Cocoa futures dropped below $5,300 per ton on ICE for the first time since 2024, pressured by expectations of U.S. tariff cuts and improving West African harvests.
China has secured its first foreign partner under its gold-custody scheme, with Cambodia agreeing to store reserves in China as Beijing expands its role in global bullion markets.
Bank of America strategist Michael Hartnett says gold and Chinese equities offer the strongest protection for investors riding the artificial-intelligence boom.
Gold has surged over 50% this year, while Bitcoin is up about 13%, raising questions about which asset truly functions as a hedge against a weakening US dollar.
Gold prices remain elevated after a robust run this year, yet officials at the Bangko Sentral ng Pilipinas (BSP) say their own heavy holdings may justify profit-taking, even as global central-bank buying supports the metal.