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StoneXリサーチ · Rhona O'Connell

StoneX weekly gold and silver round-up and outlook; written for the retail sector

2026/11/03

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Market Overview and Price Movements Precious metals experienced sharp declines before attracting buy-side interest at lower levels (p. 1). Gold fell briefly below $3,900/oz and stood at $4,018.10/oz on November 2, down…

Metals Focusリサーチ

New supply rules – what do they mean for the Indian silver market?

2026/10/31

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Market Highlights for Gold, Silver, and Electric Vehicles Gold ETP holdings and domestic premiums saw notable shifts in September and October 2026. Indian gold ETPs added 3.1t in September, bringing total holdings to…

StoneXリサーチ · Rhona O'Connell

FOMC Statement comparison; Warsh Presser and Q&A

2026/10/30

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Changes to the FOMC meeting schedule starting next fall reserve specific meetings for long-term strategy (p. 1). The FOMC will maintain eight meetings per year, introducing non-voting strategy meetings in 2027 (one…

Metals Focusリサーチ

Where next for the gold:silver ratio?

2026/10/29

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Analysis of the Rising Gold:Silver Ratio and Silver's Underperformance Recent price trends and market dynamics Silver underperformed gold as gold held support near $4,000/oz while silver fell into the low $50s, pushing…

StoneXリサーチ · Rhona O'Connell

Gold tokenisation; World Gold Council / Boston Consulting Group extensive survey; we pull out the key points

2026/10/29

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Overview of the Digital Gold Study and Market Position A World Gold Council (WGC) and Boston Consulting Group (BCG) study surveyed over 12,000 retail investors across 12 countries and interviewed 20 experts between July…

StoneXリサーチ · Rhona O'Connell

Indian Government reportedly allows fresh silver import quotas. We assess the significance to this major silver market

2026/10/27

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India's Silver Import Quotas and Domestic Market Impact The Indian government reported releasing 6,000t in silver import quotas over six months to ease domestic market conditions (p. 2). Import duties were raised in May…

Metals Focusリサーチ

AI-Linked Platinum Demand Grows Despite Price Volatility

2026/10/22

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AI-Linked Platinum Demand and Precious Metals Market Overview Platinum Price Volatility and Market Positioning in 2026 (p. 1) Platinum experienced significant price swings, peaking at a record $2,992 in late January…

StoneXリサーチ · Rhona O'Connell

US CPI, PPI, Beige Book - expect higher-for-longer inflation

2026/10/19

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The widening differential between PPI and CPI creates financial strain, forcing producers to choose between passing rising costs to consumers or accepting reduced margins (p. 1, p. 2). US Consumer Confidence dropped to…

Metals Focusリサーチ

Gold Forum Americas: Miners Balance Growth and Returns

2026/10/17

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Metals Focus attended the annual Gold Forum Americas in Colorado Springs, noting an upbeat yet measured tone across the precious metals mining industry (p. 1). More than 190 presenting companies spanned gold and silver…

StoneXリサーチ · Rhona O'Connell

LBMA daily turnover for PM in spot and derivatives, with economic/financial/geopolitical background context

2026/10/14

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Macroeconomic Drivers and General Market Performance All four precious metals recorded price losses in September 2026, pressured by rising bond yields, a stronger dollar, and hawkish Federal Reserve expectations…