Gold
- Order volume
- 2,836,000 oz
1D+9%vs previous business day at this time
Usual full day: 4,313,000 ozMedian of recent full days
Limpid Markets · Markets
Precious metals markets
A view of the gold, silver, platinum and palladium markets: swap rates, indicative spot prices, published activity and market context.
Volumes & swap curve · Information available by · Published 12 Nov 2026, 12:32 UTC
Market Pulse
Indicative spot · Δ 24h News sentiment 🐻 BearInflation is trading as a Fed-reaction problem, not an automatic bullion hedge. Watch platinum's widening current swings after a calmer close: leads the price damage, but platinum is where the latest volatility signal is deteriorating.
Hot US CPI fuels Fed hike fears as yields rise
Each row: change, level, rarity. Spot in dollars per troy ounce. Spot and volatility change over 24 h; the other rows change 1D, versus the previous business day at a comparable time. Rarity: share of comparable past moves that were smaller. Sources & method
Friday close · Spot quote as of · indicative
Market quotations
Short-term precious metal rates
Gold · London · Swap rates
End-of-day model estimates. Missing observations are left blank.
LatestPrevious business day
Model mid estimates through two months. 1D changes: versus the previous business day at a comparable observation time.
Most interbank swap activity on Limpid is in tenors under two months. Contact us for longer-dated indicative mid-rates, more frequent updates and extended historical data.
ContactDaily Interbank Contango Rate
DICOR
| Value dates | Stage | XAU LDN Gold | 1D change, XAU LDN, basis points | XAG LDN Silver | 1D change, XAG LDN, basis points | XPT LDN Platinum | 1D change, XPT LDN, basis points | XPT ZUR Platinum | 1D change, XPT ZUR, basis points | XPD LDN Palladium | 1D change, XPD LDN, basis points | XPD ZUR Palladium | 1D change, XPD ZUR, basis points |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12–13 Nov | Final | 4.06 | 4.05 | −5 | 1.50 | +10 | 3.00 | −25 | 4.06 | 3.90 | |||
| 13–16 Nov | Day 2 | 4.08 | 4.08 | 1.25 | 3.02 | 4.07 | 4.00 | ||||||
| 16–17 Nov | Day 1 | — | — | 1.08 | new | — | — | — |
Each value-date interval is observed over three business days (Day 1, Day 2, Final) and its provisional rate can change while observations accumulate. Changes: 1D, versus the same value dates at a comparable time on the previous business day, in basis points; “new” marks value dates not observed then. Value dates account for weekends and local holidays; a market whose dates differ shows them in its cell. A dash means no published value. About DICOR
Swap order activity
Recorded quantities for orders created during the stated UTC day, across order statuses, in troy ounces. Updated every 30 minutes on business days; the weekend keeps Friday's close.
Activity day: 2026-11-12 · Information available by 12 Nov 2026, 12:00 UTC · Published 12 Nov 2026, 12:32 UTC
Order observation: 12 Nov 2026, 11:58 UTC
Silver
- Order volume
- 36,660,000 oz
1D+69%vs previous business day at this time
Usual full day: 40,835,500 ozMedian of recent full days
Platinum
- Order volume
- 527,000 oz
1D+37%vs previous business day at this time
Usual full day: 405,500 ozMedian of recent full days
Palladium
- Order volume
- 411,000 oz
1D+18%vs previous business day at this time
Usual full day: 238,500 ozMedian of recent full days
1D compares with the previous business day (Wed 11 Nov) at the same time. The usual full day uses completed full days. Today's quantities are still accumulating. The small curves show the cumulative quantities. Aggregated quantities only, without counts or individual order or participant details. “Not published” does not mean zero. About these figures
Spot volatility
Realised volatility · % annualised · 24h Δ vs previous day · 1h Δ vs previous hour
Gold
24h16.68%-2.0 pp
1h20.27%+11.4 pp
Silver
24h30.74%-2.5 pp
1h28.10%+10.4 pp
Platinum
24h33.73%+2.3 pp
1h32.03%+15.5 pp
Palladium
24h34.94%-5.0 pp
1h35.88%+17.7 pp
Both windows use qualified five-minute spot observations. Missing or incomplete windows remain unavailable.
Latest News Feed
AI summaries from metals, mining, and macro sources.
Trending Now 🔥
UK economy grows by 0.7% in third quarter despite high oil prices
South African Rand Weakens As Dollar Gains, Precious Metals Slide - MarketForces Africa
Ontario Mining Co. Reports Q3 Results as Underground Ramp-Up Continues - Streetwise Reports
Gold Price Forecast: XAU/USD rallies remain limited with bulls capped below $4,050 - www.tmgm.com
Gold falls below $4,000 as Fed rate hike bets grow - www.tmgm.com
2000 AI summaries
Read desk brief →
South African Rand Weakens As Dollar Gains, Precious Metals Slide - MarketForces Africa
Gold fell to $3,978.74 an ounce, with the report attributing pressure to a stronger dollar and hawkish Fed signals; South Africa’s rand weakened to R16.60 per dollar. The report says hotter-than-expected US inflation lifted expectations for further tightening, citing a 91% probability of a December rate hike, although it supplies no publication year or…
Ontario Mining Co. Reports Q3 Results as Underground Ramp-Up Continues - Streetwise Reports
Hemlo Mining reported Q3 2026 attributable gold production of 25,652 ounces, AISC of US$2,660/oz and operating cash flow of US$54.6 million, despite an underground substation outage delaying its ramp-up. BMO cut its 2027 production forecast to approximately 141,000 ounces from 151,000; improved mining rates would depend partly on replacement power…
Gold Price Forecast: XAU/USD rallies remain limited with bulls capped below $4,050 - www.tmgm.com
Gold traded near $4,050 on Wednesday after reversing from $4,150 on Tuesday. The source attributes pressure to a stronger dollar and increased expectations of December Fed tightening following above-forecast October inflation. The analysis says a clear break below $4,030–$4,023 support would confirm a potential double top, targeting $3,970 and a measured…
Gold falls below $4,000 as Fed rate hike bets grow - www.tmgm.com
Gold fell near $3,985 in early Asian trading Thursday. October CPI rose 0.4% month-on-month versus 0.3% expected; CME FedWatch showed December 50-basis-point hike odds rising to 12.7% from zero. Further tightening could pressure gold if it lifts expected real yields or the dollar. The source also cites Deutsche Bank reporting a 5.06% weekly gold gain amid…
Gold trades under pressure on MCX, silver down by Rs 2,700 | Check city-wise rates - India TV News
MCX December gold fell 0.86% to Rs 1,38,511 per 10 grams and December silver dropped 1.42% to Rs 1,81,900 per kg in the November 12, 2026 report. Choice Broking analyst Pinky Yadav attributed pressure to dollar strength and expectations of further Fed tightening, citing October Indian gold ETF inflows down 22% month-on-month to Rs 3,470 crore; inflows…
Gold Price Forecast: Gold Drops Below $4,000 as Hot CPI Lifts Yields - FXEmpire
Gold fell below $4,000 after failing to clear $4,150. The author sees a confirmed break below $3,900 opening $3,500–$3,600; clearing $4,150 is required to avoid that deeper correction. October headline CPI rose 0.35% versus 0.3% expected, while core rose 0.3% versus 0.2% expected. The article links this to tighter Fed expectations and a 10-year Treasury…
Gold Price Forecast: US CPI Fuels 50bps Fed Hike Fears - Equiti Global
Gold recovered toward $4,050 after falling almost 3%. The source attributes selling to above-forecast October CPI and Waller’s openness to a December 50bp hike; CME probabilities put that scenario near 13%, still secondary to 25bp. Reported Q3 central-bank purchases of 321 tonnes and October ETF additions of 19 tonnes, lifting holdings to 4,275 tonnes,…
Endeavour flags weaker gold output amid Mana shutdown - MiningMX
Endeavour expects annual gold output in the lower half of its 1.09–1.265 million oz guidance as Mana underground mining and processing remain suspended until an expected second-quarter 2027 restart. Mana will miss its 155,000 oz guidance floor and exceed its $2,250/oz AISC ceiling; stronger Lafigué output partly offsets the disruption. Nine-month…
Blanket Mine returns to normal gold production levels - African Mining Market
Caledonia reported Blanket mine returned to normal production after third-quarter compressed-air shortages helped cut output 11% to 17,030 ounces. New compressors became operational on 31 October, while a new plant vessel recovered over half of roughly 1,100 ounces trapped at quarter-end. Revenue rose 10.5% to US$78.9 million, but a US$12.9 million…
Gold price faces a key test as $4,000 breaks and weekly support beckons - investingLive
Gold fell below $4,000 to $3,960 in the source’s trading session. The author attributes the weakness to a stronger dollar and a more hawkish Fed outlook after stronger-than-expected US CPI, with 10-year Treasury yields at 5%. The key weekly support region is $3,900–$3,930, near the 100-week moving average at $3,897. The author warns that a firm break below…
Gold falls to over one-week low on firm dollar, Fed rate hike bets - Investify
Spot gold fell 0.2% to $3,977.99/oz at 0506 GMT Thursday, its weakest since November 4, while December US futures slipped 0.4% to $3,983.20. The Business Recorder report attributed pressure to a dollar at a 19-month high following stronger-than-expected US inflation and hawkish Federal Reserve comments. It reported expectations for a rate increase next…
UK economy grows by 0.7% in third quarter despite high oil prices
UK GDP grew 0.7% in the third quarter, matching forecasts, while September growth of 0.2% exceeded expectations for no growth; August was revised down to zero. The ONS said higher fuel and natural gas costs following renewed Middle East conflict constrained activity. The Bank of England raised rates by 25 basis points to 4% last week to cool inflationary…
Official Macro Calendar
Selected official releases; coverage is not exhaustive. Times use each source's local timezone. Some sources need rechecking or could not refresh; expired schedules are hidden.
Next 120 days · 5 listed events · last listed date 2026-12-15. Dates without a time may already have been released today.
PPI
US
Official schedule
US PPI
JOLTS
US
Official schedule
US Job Openings and Labor Turnover
NFP
US
Official schedule
US Employment Situation
CPI
US
Official schedule
US CPI
PPI
US
Official schedule
US PPI
Sources and verification
BLS releases refresh automatically. Other schedules are manually checked; overdue checks are marked and expired dates are hidden.
- US Bureau of Labor Statistics · current · checked 2026-11-12T01:19:57.199710+00:00 · valid until 2026-11-19T01:19:57.199710+00:00 · last listed date 2026-12-15
- Federal Reserve · expired · checked 2026-09-09T11:04:45+00:00 · valid until 2026-10-09T11:04:45+00:00 · last listed date 2027-12-08
- US Bureau of Economic Analysis · expired · checked 2026-09-09T11:04:45+00:00 · valid until 2026-10-09T11:04:45+00:00 · last listed date 2026-12-23
- US Census Bureau · expired · checked 2026-09-09T11:04:45+00:00 · valid until 2026-10-09T11:04:45+00:00 · last listed date 2026-12-16
- UK Office for National Statistics · expired · checked 2026-09-09T11:04:45+00:00 · valid until 2026-10-09T11:04:45+00:00 · last listed date 2026-09-16
- Bank of England · expired · checked 2026-09-09T11:04:45+00:00 · valid until 2026-10-09T11:04:45+00:00 · last listed date 2026-12-17
- European Central Bank · expired · checked 2026-09-09T11:04:45+00:00 · valid until 2026-10-09T11:04:45+00:00 · last listed date 2026-12-17
- Swiss National Bank · expired · checked 2026-09-09T11:04:45+00:00 · valid until 2026-10-09T11:04:45+00:00 · last listed date 2026-12-10
- Bank of Japan · expired · checked 2026-09-09T11:04:45+00:00 · valid until 2026-10-09T11:04:45+00:00 · last listed date 2026-12-18
- Statistics Bureau of Japan · expired · checked 2026-09-09T11:04:45+00:00 · valid until 2026-10-09T11:04:45+00:00 · last listed date 2026-12-18
- National Bureau of Statistics of China · expired · checked 2026-09-09T11:04:45+00:00 · valid until 2026-10-09T11:04:45+00:00 · last listed date 2026-12-09
- Reserve Bank of Australia · expired · checked 2026-09-09T11:04:45+00:00 · valid until 2026-10-09T11:04:45+00:00 · last listed date 2026-12-08
Sources & publication method
DICOR: an observable interbank index
DICOR (Daily Interbank Contango Rate) is a proprietary index administered by Limpid Markets Ltd of the cost of rolling precious metal against US dollars from one value date to the next. It combines eligible interbank trades with their associated orders on the platform, not submissions from a panel of contributors, providing an observable indicator of interbank funding liquidity. At comparable dollar rates, a lower DICOR can signal tighter metal availability. Each value-date interval is observed over three business days, Day 1, Day 2 and Final, and its provisional rate evolves as observations accumulate. Daily DICOR histories date back to 2014 across gold, silver, platinum and palladium. On request, we can compound them over custom periods to measure realised funding costs. Public observations are delayed as indicated.
Rates & prices
Swap rates are model mid estimates against USD. Forward lease rates are implied on a USD curve anchored to public US Treasury and SOFR data; lease rates in arrears are calculated from DICOR and the SOFR Index. Updates come every 30 minutes on business days, at least 30 minutes after the observation cutoff; curves are recalculated between 07:15 and 19:15 UTC, and the weekend keeps Friday's close. Spot prices are indicative midpoints, loco London, in USD per troy ounce, rounded to the nearest $0.05, with changes over 24 h. They update every 15 seconds on weekdays and pause from Saturday 00:00 to Monday 00:00 UTC, when the last quotes stay dated; quotes older than two minutes are withheld.
Changes & Market Pulse
Changes are 1D: versus the previous business day at a comparable time, on the same value dates for DICOR; spot and volatility use 24 h unless shown otherwise. For each metal, Market Pulse lists moves larger than most comparable moves of recent months at a similar time of day; rarity is the share of those moves that were smaller. Codes (SWAP, LEASE, DICOR, ORDERS, SPOT, VOL) carry blue, violet or amber dots for swaps, leases and spot: darker when forward or instant, lighter when realised.
Activity & news
Order volume is the quantity recorded at the stated observation for orders created during that UTC day. Order quantities accumulated during the day are compared with the previous business day at the same time. Market Pulse ranks the 1D change of these quantities as ORDERS. Changes to an order can affect its recorded quantity; this is not the sum of all initial submissions or executed volume. Only metal totals are published. News summaries link to their sources; the calendar lists selected official releases. Public market information is indicative, not an executable quote or a complete view of the trading platform.