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Connect scattered updates into a story you can understand.
Bloomberg Intelligence analyst Mike McGlone says that gold and silver may be at extreme levels relative to US Treasuries over roughly 40 years, and precious metals may face a turning point.
PANews summarized that futures for the three major U.S. stock indexes fell across the board pre-market, international oil prices rose, and gold and silver diverged.
BlockBeats cited a report by Goldman Sachs strategist Robert Quinn stating that managed funds have net sold approximately 3 of silver futures over the past 2200000000 USD weeks, while weakness in AI and solar-photovoltaic-related sectors has lowered expectations for industrial demand.
BlockBeats analysis states that gold and silver have pulled back sharply from their January highs, but central-bank gold purchases, the silver supply deficit, and some industrial demand may still support long-term precious-metals supply and demand.
Before the U.S. stock market opens, Dow Jones futures rise, while S&P 500 and Nasdaq 100 futures fall; spot gold and silver rise, while oil prices are mixed.
CPI Following the release, spot gold fell nearly 2%to 4082 USD/ounce, while spot silver fell 4%to 53.7 USD/ounce.
Spot silver is at 60.031 USD per ounce, up 0.42%, breaking through the 60 USD whole-number level.
BlockBeats, citing Bitget market data, reported that October 5 New York silver futures rose intraday by 3.00%, at 62.24 USD/ounce.
PANews reported that Robert Kiyosaki, author of “Rich Dad Poor Dad,” said on X that holding Bitcoin, gold, and silver is like purchasing insurance, intended to prepare for potential economic risks.
According to Bitget market data, spot silver fell by more than 1%, quoted at 60.36 USD/ounce; spot gold fell 0.9%, quoted at 4138.86 USD/ounce.
U.S.August core PCE annual rate falls below expectations and reaches a six-month low, sending Bitcoin briefly above 84000 USD, while gold and silver rise in tandem.
On September 22, spot silver price fell below the 65 USD/oz level, with an intraday decline of 1.58%.
