AGE Daily Gold Update

AGE Daily Gold Update presents a recap on today's action in the precious metals markets. View archives.

10/7/2025: Gold and palladium gain, silver falls

Source: Dana Samuelson, American Gold Exchange

Austin — Following yesterday’s $67 move higher to just under $3,950, gold added another $28 today, putting gold spot within striking distance of the psychological $4,000 per ounce mark. Palladium added another $20 following yesterday’s $54 move higher, to bring palladium up to just under $1,350. Contrarily, silver shed 90 cents on profit taking during today’s New York session. Platinum eased slightly lower.

According to MarketWatch, Goldman Sachs analysts Lina Thomas and Daan Struyven raised their 2026 gold target from $4,300 to $4,900 due to gold’s 17% rise since August, driven by western ETF inflows and probable Central Bank buying. The recent gold price surge from under $3,350 to over $3,950 has effectively raised the starting point for gold $600, which is the rationale for boosting their 2026 gold price target.

In other news, Ken Griffin, founder and CEO of the hedge fund Citadel remarked at the Citadel Securities conference in New York on Monday, “We’re seeing substantial asset inflation away from the dollar as people are looking for ways to effectively de-dollarize, or de-risk their portfolios vis-à-vis U.S. sovereign risk. I now view gold as a safe harbor asset in a way that the dollar used to be viewed. That’s what’s really concerning to me,” he said.

Note: If you see that gold did indeed trade over $4,000 an ounce today, you are looking at pricing for the Comex December gold futures contract. The December contract, which normally trades at a premium to spot, did indeed break the $4,000 mark today, peaking at $4,014 before easing lower $12 on profit taking.

At the New York spot close: gold climbed $28.10 to $3,976.60; silver fell $0.90 to $47.18; platinum eased $8.30 to $1,626.60; and palladium gained $20.80 higher to $1,347.60.