Gold & Precious Metals Corner

Wednesday, 2026-10-14 · covering the last 24h

Market signal

Hot September CPI knocks gold and silver off their highs; Fed October-hike odds jump. Headline CPI rose 0.6% on the month and 3.7% year-on-year (versus 3.6% consensus, up from August's 3.4%), with core up 0.3% and the energy index climbing 5.2% as gasoline jumped 9.1% — reviving Fed-hike bets just as traders had all but written off an October move. Kitco's AM report had spot gold down 1.18% near $4,110.90/oz and silver down 1.97% near $57.89, with both extending losses through the New York afternoon as the dollar and the 10-year Treasury yield (near 5.2%) firmed on the print; the gold/silver ratio widened to roughly 74 from Tuesday's 70 as silver sold off harder. Fed-funds pricing for the October 27–28 meeting reportedly moved from about a 22% hike probability to near 40% within minutes of the data. Platinum and palladium had no distinct catalyst of their own this window. Kitco · Invezz

Upstream — miners, streamers & supply

Mineros raises 2026 gold guidance after a strong Q3. The Colombian-Nicaraguan producer reported Q3 2026 consolidated gold output of 62,565 oz, up 14% year-on-year, and lifted full-year guidance to 235,000–245,000 oz from 220,000–240,000 oz — its second guidance increase this year — crediting operational gains at both Nechí (Colombia) and Hemco (Nicaragua). GlobeNewswire via Manila Times

No other miner, streamer, royalty-trio or mining-policy development cleared the bar this window.

Physical & official flows — central banks, ETFs & bullion

Nothing fresh on central-bank, ETF or COMEX/LBMA bullion-market flows this window; the next World Gold Council central-bank tally (covering September) isn't due until November.

Silver & PGMs — the industrial complex

No silver- or PGM-specific development cleared the bar this window.

The Chatter

A seventh straight quiet window for genuinely new, freely accessible argument from the regular roster — even on a day custom-built for a fresh take, with a hot CPI print reviving Fed-hike bets and knocking gold off its recent highs. Alden's most recent on-record remarks (Kitco, Sept. 29) and Incrementum's Ronald-Peter Stöferle's (Kitco, Sept. 25) are both several weeks old and previously noted here; GoldFix remains behind its Founders paywall; nothing fresh turned up from Gromen, Costa, Nieuwenhuijs, Norman or the Council's own analysts. Better to flag the drought again than recycle old calls under today's date.