10/16/2026
Gold Stock Corp — Precious Metals Daily Update, Friday, October 16, 2026
Gold held near C$5,898/oz (-0.3%) as falling Treasury yields and a softer U.S. dollar offset hotter September PPI data; markets now price only slim odds of an October Fed hike. Silver steadied at C$81.43 while platinum climbed 0.7% to C$2,329.
For investors: With the 10-year yield down ~10 bps and rate-hike odds fading, bullion's yield headwind is easing — dips toward C$5,870 look like accumulation zones, while a break above C$5,960 reopens the path to C$6,000. Fed Chair Warsh speaks at the IMF today.
For jewelers: Silver heads for a sixth straight annual supply deficit (~46M oz in 2026) and the PBoC bought gold for a 23rd straight month — white-metal premiums stay firm. Lock in silver and platinum melts on flat days like this.
Live prices: https://www.goldstocklive.com