Gold price suffers under oil, yield pressures, Mexico’s silver production weakens in July – Heraeus

Kitco10-05 15:31

(Kitco News) – Gold prices are declining under the dual headwinds of multi-decade high bond yields and triple-digit oil prices, while the world’s largest silver-producing country saw a weak start to ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2673508543?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-10-05 15:31","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2673508543","market":"fut","top_or_hot":-1,"title":"Gold price suffers under oil, yield pressures, Mexico’s silver production weakens in July – Heraeus","media":"Kitco","content":"<div>\n<p>(Kitco News) – Gold prices are declining under the dual headwinds of multi-decade high bond yields and triple-digit oil prices, while the world’s largest silver-producing country saw a weak start to ...</p>\n\n<a href=\"https://www.kitco.com/news/article/2026-10-05/gold-price-suffers-under-oil-yield-pressures-mexicos-silver-production\">Source Link</a>\n\n</div>\n","source":"kitco_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold price suffers under oil, yield pressures, Mexico’s silver production weakens in July – Heraeus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold price suffers under oil, yield pressures, Mexico’s silver production weakens in July – Heraeus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-05 15:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.kitco.com/news/article/2026-10-05/gold-price-suffers-under-oil-yield-pressures-mexicos-silver-production><strong>Kitco</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Kitco News) – Gold prices are declining under the dual headwinds of multi-decade high bond yields and triple-digit oil prices, while the world’s largest silver-producing country saw a weak start to ...</p>\n\n<a href=\"https://www.kitco.com/news/article/2026-10-05/gold-price-suffers-under-oil-yield-pressures-mexicos-silver-production\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IEO","symbol_name":"iShares Dow Jones U.S. Oil & Gas","start_time":0,"source_url":"https://www.kitco.com/news/article/2026-10-05/gold-price-suffers-under-oil-yield-pressures-mexicos-silver-production","article_id":"2673508543","we_media_id":null,"thumbnails":[],"rights":{"source":"kitco_highlight","url":"https://www.kitco.com/news/article/2026-10-05/gold-price-suffers-under-oil-yield-pressures-mexicos-silver-production","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2673508543","pubTimestamp":1791185460,"columns":[],"sourceInfo":{"source_id":"kitco_highlight","name":"Kitco"},"weMediaInfo":null,"summary":"(Kitco News) – Gold prices are declining under the dual headwinds of multi-decade high bond yields and triple-digit oil prices, while the world’s largest silver-producing country saw a weak start to t","collect":0,"end_time":0,"defaultTopTitle":"kitco.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IEO":"iShares Dow Jones U.S. Oil & Gas","DRLL":"Strive U.S. Energy ETF","PXE":"Invesco Energy Exploration & Production ETF","PXJ":"Invesco Oil & Gas Services ETF","PSLV":"Sprott Physical Silver Trust","PICK":"iShares MSCI Global Metals & Mining Producers ETF","BWET":"BREAKWAVE TANKER SHIPPING ETF","USO":"美国原油ETF","DIG":"二倍做多美国油气指数","SLVP":"iShares MSCI Global Silver and Metals Miners ETF","OIH":"石油服务ETF","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","OILT":"Texas Oil Index ETF","FBZ":"First Trust Brazil AlphaDEX Fund","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","XME":"金属与采矿指数ETF-SPDR","VDE":"Vanguard Energy ETF","USOI":"ETRACS Crude Oil Shares Covered Call ETN","USL":"United States 12 Month Oil Fund LP","SIL":"Silver Miners Etf","PPI":"AXS Astoria Real Assets ETF","UGA":"United States Gasoline Fund LP","XES":"SPDR S&P Oil & Gas Equipment & Services ETF","IXC":"全球能源业ETF-iShares","XLE":"SPDR能源指数ETF","ZSL":"Proshares二倍做空白银ETF","OILK":"ProShares K-1 Free Crude Oil ETF","SILJ":"Amplify Junior Silver Miners ETF","FTXN":"First Trust Nasdaq Oil & Gas ETF","KSLV":"Kurv Silver Enhanced Income ETF","ERX":"二倍做多能源ETF-Direxion","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","DBE":"能源商品ETF-PowerShares","GUSH":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF","USE":"USCF Energy Commodity Strategy Absolute Return Fund","SLVR":"Sprott Silver Miners & Physical Silver ETF","AGQ":"2倍做多白银ETF-ProShares","GBUG":"Sprott Active Gold & Silver Miners ETF","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","XOP":"油气开采指数ETF-SPDR S&P","WTIU":"MICROSECTORS ENERGY 3X LEVERAGED ETN","CEF":"Sprott Physical Gold & Silver Trust","DBO":"原油ETF-PowerShares","SLV":"白银ETF-iShares","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF","GOLY":"Strategy Shares Gold Enhanced Yield ETF","BNO":"美国布伦特原油基金有限合伙企业","SIVR":"Abrdn Silver ETF Trust","DBC":"商品指数ETF-PowerShares DB"},"translate_title":"金价受油价、收益率压力和墨西哥7月份白银产量疲软影响 - 贺利氏","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GBUG":1.5,"KSLV":1.5,"VDE":1.5,"FBZ":1.5,"USO":1.5,"GLTR":1.5,"USE":1.5,"IXC":1.5,"OIH":1.5,"BWET":1.5,"CEF":1.5,"IEO":1.5,"WTIU":1.5,"OILK":1.5,"ERX":1.5,"DBC":1.5,"OILU":1.5,"DIG":1.5,"DRIP":1.5,"USOI":1.5,"PXE":1.5,"PXJ":1.5,"SLVR":1.5,"SIVR":1.5,"DBE":1.5,"DBO":1.5,"ZSL":1.5,"OILT":1.5,"AGQ":1.5,"GOAU":1.5,"USL":1.5,"FTXN":1.5,"XLE":1.5,"XES":1.5,"SIL":1.5,"SLVP":1.5,"PPI":0.9,"DRLL":1.5,"XME":1.5,"SLV":1.5,"XOP":1.5,"GOLY":0.82,"PICK":1.5,"BEGS":1.5,"UGA":1.5,"GUSH":1.5,"DUG":1.5,"SILJ":1.5,"PSLV":1.5,"BNO":1.5},"content_text":"(Kitco News) – Gold prices are declining under the dual headwinds of multi-decade high bond yields and triple-digit oil prices, while the world’s largest silver-producing country saw a weak start to the third quarter, according to precious metals analysts at Heraeus.In their latest update, the analysts noted that gold prices pulled back last week as macro headwinds drove the yellow metal through key technical support levels.“Gold fell through support at around $4,250/oz, a level that had held through several tests during September, as elevated bond yields, a stronger dollar and high oil prices eventually outweighed buying interest around the level,” they wrote. “The price has since traded at around $4,100-4,200/oz, leaving the year-to-date lows around $4,000/oz as the next major area of support. The breakdown follows several weeks in which gold had proved relatively resilient despite an increasingly difficult macroeconomic backdrop.”High oil prices are a significant part of that pressure, they said. “Brent traded at around $100/bbl for much of the week, reinforcing concerns that energy costs could keep inflation elevated and monetary policy tighter for longer,” the analysts said. “Diplomacy has offered little relief, with President Trump rejecting Iran's seven-day plan to reopen the Strait of Hormuz and Tehran now weighing a US counterproposal that would bring its nuclear programme into the initial steps. The 10-year Treasury yield climbed above 5.3%, its highest level since 2002, while the 10-year real yield moved above 2.9%, increasing the opportunity cost of holding non-yielding gold.”Heraeus noted that Fed rate hike expectations for the October meeting eased considerably after Wednesday's PCE data and Friday’s employment report. “Headline personal consumption expenditures (PCE) held at 3.4% year-on-year in August and core at 3.0%, below expectations of 3.7% and 3.3%, respectively,” the analysts wrote. “The apparent decline was partly amplified by annual revisions, including methodology changes that lowered previously reported inflation. The lower-than-expected PCE number was reinforced when September non-farm payrolls came in at 29,000, much below the 90,000 expected.”“Along with downward revisions to numbers for July and August, this led to the implied probability of a rate hike at the 28 October FOMC falling to around 17% on 2 October, compared with more than 70% early last week.”They also highlighted a major development in the mining sector, as Northern Star ultimately rejected a takeover bid from Gold Fields that would have created the world’s second-largest gold producer.“Gold Fields offered a proposal worth A$38.7 billion, equivalent to a 22% premium to Northern Star’s closing share price before the approach,” the analysts said. “Northern Star declined to engage further, saying the proposal undervalued the company. If completed, the combined group would have produced around 4.1 moz of gold in the 12 months to June 2026, equivalent to around 3.3% of 2025 global mine supply.”“The approach illustrates consolidation pressure across the gold-mining sector as the producers seek greater scale and longer-life reserves.”Spot gold continued to trade near session lows early in the early part of the North American session, and last traded at $4,135.54 per ounce for a loss of 0.12% on the daily chart.Turning to silver, Heraeus analysts noted that while Mexico's monthly silver production edged higher in July, it remained below last year's level.“Mexican silver production increased to 10.56 moz in July, up 1.7% from 10.38 moz in June, according to INEGI's latest survey-based statistics, although July's extra day means daily output was slightly lower,” they wrote. “Output also remained 2.3% below the 10.81 moz produced in July 2025. The wider Mexican mining and metallurgical sector's production grew by 3.8% month-on-month in July but remained 3.9% lower year-on-year on a seasonally adjusted basis.”“Mexico remains the world's largest silver-producing country, accounting for around 20% of global mined supply in 2025, when it produced 172.9 moz out of a global total of 846.6 moz,” the analysts noted. “The Silver Institute expects Mexican mined supply to return to modest growth during 2026 after weaker output at several major operations last year.”“With July's output the second-lowest monthly total in the past year and still below last year's level, the recovery is likely to remain uneven.”Silver prices were also giving back some of their early-session gains on Monday morning.Spot silver last traded at $60.987 per ounce for a gain of 1.02% on the daily chart.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2673508543","isCrawlerRequest":true}