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In the metals market over the past 24 hours (10/5/2026), global precious metals showed mixed momentum, with gold and platinum holding an upward bias while silver cooled after a strong streak.
Global gold: Gold was reported at 6,297 USD/lb. Compared with the previous day, it stayed at 6,297 USD/lb, while the 7-day figure was 5,986.5 USD/lb. The 30-day comparison was not provided.
Palladium: Palladium traded at 1,487.8 USD/oz. It matched the previous day level (1,487.8 USD/oz), but over 7 days it moved higher to 1,545 USD/oz. The 30-day comparison was not provided.
Platinum: Platinum was quoted at 2,059.3 USD/oz. It was unchanged versus the previous day (2,059.3 USD/oz), and rose versus 7 days ago to 2,016.4 USD/oz. The 30-day comparison was not provided.
Silver: Silver was reported at 80.865 USD/oz. It was unchanged versus the previous day (80.865 USD/oz), but the 7-day figure was lower at 76.27 USD/oz. The 30-day comparison was not provided. News flow also highlighted that silver reversed downward after a “hot” advance.
News context (last 24 hours): Reports noted that gold prices today hit the week’s high, while silver turned back down after a sequence of strong gains. Multiple updates also described gold (SJC and tael-denominated jewelry/coins) holding at elevated levels, and gold prices aiming for a breakout week after more than half a month of declines. Separate coverage focused on energy price movements, but the metals-specific takeaways centered on gold strength and silver cooling.
The crypto bear market remained in force on Wednesday, with bitcoin slipping back toward the $60,000 area. Sharp pullbacks in gold and oil also weighed on the 2025 “debasement trade,” which had supported hard assets amid concerns about government debt and fiat currencies. Meanwhile, tech—particularly the AI boom—continued…