10/17/2026
Friday's close recap: gold settled at $4,165.42, down 0.13%, as Brent crude spiked to $110 on Strait of Hormuz tanker attacks, pushing Treasury yields higher and capping gains. Silver fell 0.77% to $56.97, while platinum bucked the trend, rising 1.09% to $1,645.50.
Investors: safe-haven demand stays firm with geopolitical risk elevated; October Fed hike odds have fallen to 10-17% ahead of the Oct 27-28 FOMC decision.
Jewelers: platinum's strength keeps wedding-band spreads attractive, and silver's pullback near $57 is a chance to restock ahead of the holiday season.