09/25/2026
Weekly Metals Recap
Precious metals spent the week absorbing the Fed's September rate hike, its first since 2023. Treasury yields climbed to multi-decade highs and the dollar hit a near two-month high, putting pressure across the board.
🟡 Gold is on track to finish near $4,285, down more than 1% after touching its lowest level since early August.
⚪ Silver fell roughly 4% to around $64.25, underperforming gold as strong U.S. data and a firmer dollar hit the more volatile metal.
🔘 Platinum slid from above $1,800 to a five-week low near $1,735, even as the WPIC projects 5% industrial demand growth this year.
Looking ahead: consumer confidence, JOLTS, PCE inflation, ISM Manufacturing, and the September jobs report all land before the Fed's October 28 meeting. Any progress on a U.S.-Iran deal to reopen the Strait of Hormuz remains the wild card for oil and inflation.