Gold
- Order volume
- 4,366,000 oz
1D+13%vs previous business day
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 14 Nov 2026, 23:32 UTC
Market Pulse
News analysis News sentiment ⚖️ NeutralRare moves of Fri 13 Nov
- The Guardian reports Bank of England signals of further rate increases amid inflation concerns.
- Fed speeches report Jefferson's emphasis on inflation as a policy signal.
- OC Media reports gold production at Armenia's Amulsar mine alongside environmental litigation.
The Financial Express highlights silver's industrial exposure, which could add economic sensitivity to the policy risks discussed elsewhere in the coverage.
The Guardian and Fed coverage highlight inflation persistence and interest-rate policy.
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 · Weekend pause
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13–16 Nov | Final | 4.10 | +1 | 4.08 | −1 | 1.39 | +1 | 2.97 | −4 | 4.07 | 0 | 3.90 | −10 |
| 16–17 Nov | Day 2 | 4.06 | +1 | 4.09 | 1.57 | +48 | 2.74 | 4.00 | 3.77 | ||||
| 17–18 Nov | Day 1 | 4.04 | 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: 2026-11-13 · Information available by 14 Nov 2026, 00:00 UTC · Published 14 Nov 2026, 23:32 UTC
Order observation: 13 Nov 2026, 23:59 UTC
Silver
- Order volume
- 36,599,000 oz
1D-22%vs previous business day
Usual full day: 41,427,500 ozMedian of recent full days
Platinum
- Order volume
- 640,000 oz
1D+13%vs previous business day
Usual full day: 414,000 ozMedian of recent full days
Palladium
- Order volume
- 328,000 oz
1D-23%vs previous business day
Usual full day: 238,500 ozMedian of recent full days
Friday close · 1D compares the day with the previous business day (Thu 12 Nov). The usual full day uses completed full days. 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
Friday close · Realised volatility · % annualised · 24h Δ vs previous day · 1h Δ vs previous hour
Gold
24h20.24%+0.0 pp
1h9.11%+4.3 pp
Silver
24h40.00%+3.4 pp
1h5.57%-19.3 pp
Platinum
24h33.64%-1.2 pp
1h10.48%-0.3 pp
Palladium
24h37.69%-1.6 pp
1h0.00%-2.0 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 🔥
A rapid interest rate rise seems inevitable – and households are expected to pick up the tab
Interest rate rises likely in coming months, Bank of England economist says
Gold’s sharp weekly correction: Persistent selling pressure erases over 5% of market value - The New Indian Express
Explainer | The controversy over the re-opening of Armenia’s Amulsar mine - OC Media
Gold or Silver? The one big reason why i prefer one over the other - The Financial Express
2000 AI summaries
Read desk brief →
A rapid interest rate rise seems inevitable – and households are expected to pick up the tab
The Bank of England forecasts inflation reaching 5% next spring, while chief economist Huw Pill told the Financial Times that more than one rate rise was almost certain. Analysts cited see a possible increase at the 17 December meeting; the article illustrates a move from 4% to 4.25%. Tighter policy could weigh on gold if it raises expected real yields,…
Gold’s sharp weekly correction: Persistent selling pressure erases over 5% of market value - The New Indian Express
Gold fell 5.55% from $4,114.50 to $3,886.30/oz over the reported 9–14 November period; the year is unspecified, and the source states there was no regular COMEX session on 14 November. Indian indicative 24-karat prices dropped 5.01% to Rs 137,350 per 10 grams. Enrich Money CEO Ponmudi R attributed gold and silver losses to hotter-than-expected US…
Interest rate rises likely in coming months, Bank of England economist says
Bank of England chief economist Huw Pill signalled further rate rises next month and in early 2027 after an increase from 3.75% to 4% earlier this month. With inflation expected to reach 5% next spring amid Iran-war energy costs, Pill warned of wage-driven persistence, while acknowledging the Bank has not seen wage increases or firms passing on higher…
Explainer | The controversy over the re-opening of Armenia’s Amulsar mine - OC Media
Armenia’s Amulsar mine produced its first gold on 10 October 2026, with the government projecting annual output of about 210,000 ounces and roughly $130 million in taxes, duties and royalties. The state holds a 12.5% stake and approved guarantees for up to $150 million in bank loans; environmental groups are challenging the guarantee in court. A 2019…
Gold or Silver? The one big reason why i prefer one over the other - The Financial Express
The article reports gold around $3,895/oz and silver around $50/oz in its publication context, down roughly 30% and 59% from January 2026 peaks. It attributes smaller Indian-market declines of 22% and 53% to rupee depreciation and higher import duties. The author favours gold for lower volatility, arguing that silver’s industrial exposure adds risk, but…
Gold Price Today: $3,888 Friday on PPI Day After a 13-Month Low, Bull $3,963, Bear $3,800 - FinanceFeeds
Gold stood at $3,888.50/oz, up 0.31%, on 13 November 2026 after Thursday’s $3,852 low. October PPI rose 0.3% monthly versus 0.4% expected, but 6.5% annually; the article sees December Fed policy remaining decisive. Its base scenario holds $3,852–$3,924 into next week. The $3,800 bear reference requires a stronger dollar, rising December hike expectations…
Freeport strikes $77M deal for BC copper stake
Freeport-McMoRan agreed to pay $77.2 million for an initial 51% interest in companies holding TDG Gold’s Aurora West property in British Columbia, with completion subject to TSX Venture Exchange approval. Further exploration funding of $80 million and a $40 million payment would increase its ownership; $30 million of exploration spending is committed…
Mineros’ gold bet raises cash and collateral risks
Mineros bought $137.3 million of bullion in the third quarter, pushing reported operating cash flow to negative $21.6 million despite $140 million in adjusted EBITDA. Subsequent gold-backed borrowing increased collateral exposure; Red Cloud analyst Alina Islam estimates 88% of physical gold was pledged, assuming no intervening changes. Falling gold prices…
Jefferson, New Technology, Old Questions: Productivity Puzzles and the Macroeconomy
Fed Vice Chair Jefferson said inflation would be the more important policy signal after supporting October’s rate hold; September 2026 headline and core PCE inflation were 3.6% and 3.1%. He cited persistent energy and technology-input pressures, alongside solid activity and October unemployment of 4.1%. Continued inflation persistence could delay easing…
Modern Mining makes NYSE American debut
Modern Mining began trading on NYSE American under MDRN on Friday after completing an approximately $40 million IPO; its shares closed down 3.5%, with a reported $36.1 million market capitalization. The company is preparing to commercialize a proprietary aqueous-based process to recover gold, silver, palladium, copper and other metals from electronic…
CPM Group Flags Key Levels as Metals Swing Widely | Kitco Commentary - News and Statistics - IndexBox
Gold stood near $3,880 after touching $3,871, while silver traded near $49 after a roughly $48.56–$50.73 range, according to the Kitco commentary summarized in the November 14, 2026 item. CPM Group’s Jeffrey Christian identified $3,800 gold and $48 silver as levels some participants were monitoring, not confirmed price targets. He linked the selloff to…
Gold and Silver Weather a Perfect Storm as Demand Holds Firm
Sprott presents October 2026 gold and silver declines of 6.80% to $3,874.62/oz and 18.74% to $49.10/oz, alongside gold ETF holdings of 100.97 million ounces and silver additions of roughly 4.9 million ounces. Crucially, its disclosure says economic scenarios, including those expressed in the present tense, are illustrative rather than predictions; the…
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 · 4 listed events · last listed date 2026-12-15. Dates without a time may already have been released today.
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 2026-11-14T18:07:59.621432+00:00 · valid until 2026-11-21T18:07:59.621432+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.