Gold, silver, platinum, and palladium rebound; platinum main contract rises for two consecutive days; precious metals sector strengthens; spot silver trading overall sluggish [SMM Flash] - Shanghai Metals Market
Gold
Silver
Platinum
Palladium
AI desk brief
Gold, silver, platinum and palladium rebounded on Oct. 19 as Fed signaling lowered the perceived odds of an October hike, short covering emerged after recent declines, and safe-haven demand was supported by Middle East geopolitics and U.S. fiscal risks. By 13:59, COMEX gold was up 0.57% at $4,204.9/oz, COMEX silver 0.99% higher at $57.875/oz, SHFE gold 0.42% higher at 902.56 yuan/g, SHFE silver 1.09% higher at 14,040 yuan/kg, platinum 1.92% higher at 405.85 yuan/g, and palladium 0.28% higher at 269.8 yuan/g.
Sources used
- S1 Shanghai Metals Market via Google News — Gold, silver, platinum, and palladium rebound; platinum main contract rises for two consecutive days; precious metals sector strengthens; spot silver trading overall sluggish [SMM Flash] - Shanghai Metals Market