AGE Daily Gold Update

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

10/10/2025: Gold Closes the week at over $4,000, silver over $50

Source: Dana Samuelson, American Gold Exchange

Austin — Precious metals prices steadied following yesterday’s wide market swings, driven by the dislocation of the silver market in London OTC trading. Gold, silver, and palladium regained ground from yesterday’s profit taking sell-off while platinum eased a bit further today. Gold and silver extended their gains in the electronic session with spot gold closing the week at $4,017 and silver over $50.05.

Stocks, on the other hand, tumbled after President Trump threatened to ratchet up tariffs on China over their withholding of rare earth mineral exports. At the close the DOW fell 878 points, the S&P 500 was down 182, and the NASDAQ tumbled 820.

Since the tariff trade war began earlier this year China has been the only country that has consistently stood up to the US with their own tit-for-tat US tariffs. China currently controls about 70% of the globes rare earth processing capabilities and they are using them as leverage in negotiations against US tariffs on China. President Trump threatened to cancel an upcoming meeting with President Xi of China at the APEC conference in South Korea in two weeks over this issue in his social media post today.

The US dollar index, which had been rising, fell .59 points to 98.59 and the 10-year US treasury skidded 0.075 to 4.07%.

At the New York spot close: gold rebounded $29.60 to $3,975.90; silver gained $0.08 higher to $48.93; platinum fell $33.40 to $1,600.70; and palladium gained $14.35 to $1,447.60.