GOLD$3,999.29▼ 0.55%SILVER$51.25▼ 1.77%Spot prices: why they differ
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The Week in Metals


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The Week in Metals: Gold Slips Below $4,000 for the First Time Since July
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The Week in Metals: Gold Slips Below $4,000 for the First Time Since July

October 24, 2026

Gold spent most of the week pretending $4,000 was a long way off, and then on Friday it wasn’t. The metal touched $4,187 in the first hours of Monday trading, gave ground in all but one session, and finished at $3,996.18, its first close under $4,000 in our archive since mid-July. The worst of it […]

The Week in Metals: Silver Drops 6.3% as Hot Inflation Revives Fed Hike Bets

The Week in Metals: Silver Drops 6.3% as Hot Inflation Revives Fed Hike Bets

October 17, 2026

Silver came into the week at $60.83 an ounce and left it at $57.00, and most of that damage was done in a single morning. September’s inflation report landed hotter than forecast on Wednesday, traders suddenly treated an October rate hike as a coin flip, and the dollar climbed toward an 18-month high. Gold fell […]

The Week in Metals: Gold Shrugs Off a 24-Year High in Yields to Finish Up 1.2%

The Week in Metals: Gold Shrugs Off a 24-Year High in Yields to Finish Up 1.2%

October 10, 2026

For a few hours on Wednesday, the bond market looked like it might take gold down with it. The 10-year Treasury yield pushed past 5.35%, a level last seen in 2002, the Federal Reserve’s minutes confirmed a committee united behind September’s rate hike, and gold slid to $4,070.41, its low for the week. Then the […]

The Week in Metals: Gold Falls 3.3% in Its Worst Week Since June as Yields Hit a 24-Year High

The Week in Metals: Gold Falls 3.3% in Its Worst Week Since June as Yields Hit a 24-Year High

October 3, 2026

The best price of the week arrived in its first ten minutes. Gold reopened on Sunday evening, September 27, near $4,274, and that was as good as it got. President Trump had rejected Iran’s offer to reopen the Strait of Hormuz over the weekend, oil jumped, and by Monday’s close gold had lost almost 4 […]

The Week in Metals: Gold Falls 2.1% as Treasury Yields Reach Their Highest Since 2007

The Week in Metals: Gold Falls 2.1% as Treasury Yields Reach Their Highest Since 2007

September 26, 2026

Bond traders ran the metals market this week, and they were not in a generous mood. The ten-year Treasury yield pushed through 5 percent on Wednesday, September 23 and kept going to a level last seen in 2007, after a business survey came in far hotter than expected and a Federal Reserve governor said out […]

The Week in Metals: Gold’s Third Straight Weekly Loss as Fed Hike Odds Reach 90 Percent

The Week in Metals: Gold’s Third Straight Weekly Loss as Fed Hike Odds Reach 90 Percent

September 12, 2026

The inflation reports came in hot, the bond market believed them, and gold spent the trading week that ended Friday, September 11 being sold ahead of a Federal Reserve meeting that now looks likely to deliver a rate increase. Producer prices on Thursday and consumer prices on Friday each printed a tenth above forecast, the […]

The Week in Metals: gold travels $226 and lands back where it started

The Week in Metals: gold travels $226 and lands back where it started

September 5, 2026

Four sessions, a $226 range in gold, and almost nothing to show for it. That is the honest summary of the trading week that ended Friday, September 4. Gold was sold hard on Tuesday and Wednesday in a rate-hike scare, bought back just as hard on Thursday after one Fed governor changed the arithmetic, then […]

The Week in Metals: A Jackson Hole Friday Takes Gold Back Below Its 200-Day Average

The Week in Metals: A Jackson Hole Friday Takes Gold Back Below Its 200-Day Average

August 29, 2026

For four days the market acted as though nothing much was at stake. Gold drifted up to a Tuesday close of $4,658.44, its best of the week, then eased through Wednesday and Thursday in the sort of narrow, unhurried trade that usually means everyone is waiting for the same thing. They were. Friday morning in […]

The Week in Metals: Gold Reclaims Its 200-Day Average as Federal Debt Tops $40 Trillion

The Week in Metals: Gold Reclaims Its 200-Day Average as Federal Debt Tops $40 Trillion

August 24, 2026

Tuesday looked like the beginning of a bad week for gold. The ten-year Treasury note was paying 4.72 percent, within reach of a one-year high, and investors worried about the Strait of Hormuz were buying government paper rather than metal. Then the Treasury Department spoke on Wednesday, and the arithmetic turned over. By Friday’s close […]

The Week in Metals: Silver Tops $64 as the Fed’s Hike Case Comes Apart

The Week in Metals: Silver Tops $64 as the Fed’s Hike Case Comes Apart

August 8, 2026

Monday looked like more of the same. Gold slid to $4,026 an ounce in early New York trading, silver dipped under $57, and the story that had run all summer, oil-driven inflation keeping the Federal Reserve in a tightening mood, appeared fully intact. Then the Strait of Hormuz started to open, crude started to fall, […]