Issue 25 · week ending October 30, 2026
October 30, 2026
Hot US growth and inflation numbers pushed gold to its lowest level since mid-July, silver took the harder hit, and Stack's Bowers cleared up the history of a pair of 1912 Buffalo nickel trials.
Gold fell to its lowest level since mid-July on Friday and was headed for a second straight monthly loss as rising oil prices and inflation worries fed bets on more US rate hikes.
Reuters, via Kitco printed spot gold down 1% at $3,980.40 an ounce by 1107 GMT; spot silver down 3.6% at $50.50; down 4.3% so far this month (2026-10-30).
Gold and silver dropped Thursday after third-quarter GDP grew at a 3.4% annualized pace and September PCE inflation picked up, keeping a December Fed hike in play.
Kitco News (Kitco NewsWire) printed spot gold near $4,024.60, down $42.00 (1.03%); spot silver near $52.180, down $1.672 (3.10%) (2026-10-29).
Metals Focus says silver could keep losing ground to gold as London vault stocks rise and investment demand fades, with the gold-silver ratio back above 76 for the first time since December 2025.
Kitco News (Neils Christensen) printed gold-silver ratio above 76; London silver inventories 932 million ounces at end of September; primary silver bullion coin sales down more than 80% in Q2 vs Q1 (2026-10-29).
London Bullion Market Association members back exploring tokenised gold, mainly to make bullion easier to use as collateral, but want legal certainty and protection for the physical market.
Reuters, via Kitco printed Loco London trades $200 billion of bullion a day on average (2026-10-29).
Stack's Bowers found that the 1912 Fraser Buffalo nickel electrotrials it sold on September 1 were not the pair pictured in a 1981 sale; the matching pair, from the Fraser estate, is Lot 2025 at its November 17 Rarities Night.
CoinWeek printed September 1, 2026 set (PCGS MS-64, Lot 2048) realized $122,000 including buyer's premium (2026-10-29).
Mark Benvenuto lays out how to build a Barber dime set on a budget by picking well-preserved circulated coins instead of paying mint-state prices.
Numismatic News (Mark Benvenuto) printed no sale figure.
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