Kitco NEWS

Gold vs Global FX Rates https://t.co/CgObKJSxKY

Why platinum prices doubled and what comes next In this presentation, Jeffrey Christian of @CPMGroupLLC focuses on platinum ahead of Platinum Week in London. He warns investors to be careful with bullish marketing claims about large #platinum deficits that do not really exist. Jeff explains why many of these deficit narratives are misleading, and why the sharp rise in platinum prices over the past year was driven primarily by investor buying rather than a true shortage of metal. Jeff also discusses current #gold, #silver, #palladium, and #platinum price trends, noting that precious metals are selling off sharply while remaining at historically elevated levels... > Full story at Kitco: https://www.kitco.com/opinion/2026-05-15/why-platinum-prices-doubled-and-what-comes-next

Jeff Currie turns near-term bearish on gold, but sees massive commodity upside (Kitco News) - The commodity market represents the biggest asymmetrical trade in global financial markets, even as #gold continues to face significant headwinds from rising inflation pressures and the war in Iran, which continues to create significant funding pressures for emerging markets, according to one famed commodity analyst. In comments posted on social media Friday, Jeff Currie @CommodMkt , Executive Co-Chairman of Abaxx Markets, Senior Advisor at The Carlyle Group, and former head of commodity research at Goldman Sachs, presented a compelling case for why investors should diversify into commodities. Full article at Kitco: https://www.kitco.com/news/article/2026-05-15/jeff-currie-turns-near-term-bearish-gold-sees-massive-commodity-upside

Gold futures crater $111 as Iran diplomacy collapses and treasury yields hit yearly highs Gold futures plunged $111 on Friday in one of the sharpest single-session declines of the year, as a toxic combination of failed Iran diplomacy, surging oil, a strengthening dollar, and Treasury yields hitting their highest levels of 2026 overwhelmed the metal from multiple directions simultaneously. June COMEX #gold futures settled near $4,615 per ounce, extending the week's losses to roughly 3% and leaving the metal more than 17% below its all-time high of approximately $5,589 set in January. It was the kind of session that exposes gold's central vulnerability in the current environment: when every macro force moves against it at once, not even a deteriorating geopolitical backdrop can provide shelter. The trigger was President #Trump's hardened stance on Iran following the conclusion of his two-day summit with Chinese President Xi Jinping in Beijing. After Trump rejected a proposed Iranian peace framework as unacceptable, diplomatic efforts that markets had cautiously begun pricing in as a potential de-escalation collapsed. Trump warned that if Tehran failed to agree to U.S. terms — including a moratorium on nuclear enrichment and the lifting of restrictions on the Strait of #Hormuz — military operations would resume at a higher level of intensity. Tehran defended its position and warned against external pressure, leaving the two sides further apart at the close of the summit than at its opening. Full article at Kitco: https://www.kitco.com/opinion/2026-05-15/gold-futures-crater-111-iran-diplomacy-collapses-and-treasury-yields-hit-yearly

Silver dives below $76, gold tests $4,500 support as Iran risk drives oil, rate fears - Kitco PM Report Spot gold and silver prices are sharply lower in late U.S. trading Friday, as a stronger dollar, surging Treasury yields and oil-led inflation fears offset defensive demand tied to the Strait of Hormuz. At the time of writing, spot #gold was trading near $4,539.40 an ounce, down 2.40%, while spot #silver was trading at $75.910, down 8.94% on the session. Industrial production increased 0.7% in April after a 0.3% decline in March. Manufacturing output rose 0.6%, utilities output increased 1.9%, mining output slipped 0.1% and capacity utilization rose to 76.1%. The stronger-than-expected production print added to a week of hotter inflation data, leaving gold and silver exposed to the same rate repricing that pressured equities, bonds and industrial metals... >> Full report at Kitco: https://www.kitco.com/news/article/2026-05-15/silver-dives-below-76-gold-tests-4500-support-iran-risk-drives-oil-rate

Gold vs Global FX Rates https://t.co/CgObKJSxKY

Why platinum prices doubled and what comes next In this presentation, Jeffrey Christian of @CPMGroupLLC focuses on platinum ahead of Platinum Week in London. He warns investors to be careful with bullish marketing claims about large #platinum deficits that do not really exist. Jeff explains why many of these deficit narratives are misleading, and why the sharp rise in platinum prices over the past year was driven primarily by investor buying rather than a true shortage of metal. Jeff also discusses current #gold, #silver, #palladium, and #platinum price trends, noting that precious metals are selling off sharply while remaining at historically elevated levels... > Full story at Kitco: https://www.kitco.com/opinion/2026-05-15/why-platinum-prices-doubled-and-what-comes-next

Jeff Currie turns near-term bearish on gold, but sees massive commodity upside (Kitco News) - The commodity market represents the biggest asymmetrical trade in global financial markets, even as #gold continues to face significant headwinds from rising inflation pressures and the war in Iran, which continues to create significant funding pressures for emerging markets, according to one famed commodity analyst. In comments posted on social media Friday, Jeff Currie @CommodMkt , Executive Co-Chairman of Abaxx Markets, Senior Advisor at The Carlyle Group, and former head of commodity research at Goldman Sachs, presented a compelling case for why investors should diversify into commodities. Full article at Kitco: https://www.kitco.com/news/article/2026-05-15/jeff-currie-turns-near-term-bearish-gold-sees-massive-commodity-upside

Gold futures crater $111 as Iran diplomacy collapses and treasury yields hit yearly highs Gold futures plunged $111 on Friday in one of the sharpest single-session declines of the year, as a toxic combination of failed Iran diplomacy, surging oil, a strengthening dollar, and Treasury yields hitting their highest levels of 2026 overwhelmed the metal from multiple directions simultaneously. June COMEX #gold futures settled near $4,615 per ounce, extending the week's losses to roughly 3% and leaving the metal more than 17% below its all-time high of approximately $5,589 set in January. It was the kind of session that exposes gold's central vulnerability in the current environment: when every macro force moves against it at once, not even a deteriorating geopolitical backdrop can provide shelter. The trigger was President #Trump's hardened stance on Iran following the conclusion of his two-day summit with Chinese President Xi Jinping in Beijing. After Trump rejected a proposed Iranian peace framework as unacceptable, diplomatic efforts that markets had cautiously begun pricing in as a potential de-escalation collapsed. Trump warned that if Tehran failed to agree to U.S. terms — including a moratorium on nuclear enrichment and the lifting of restrictions on the Strait of #Hormuz — military operations would resume at a higher level of intensity. Tehran defended its position and warned against external pressure, leaving the two sides further apart at the close of the summit than at its opening. Full article at Kitco: https://www.kitco.com/opinion/2026-05-15/gold-futures-crater-111-iran-diplomacy-collapses-and-treasury-yields-hit-yearly

Silver dives below $76, gold tests $4,500 support as Iran risk drives oil, rate fears - Kitco PM Report Spot gold and silver prices are sharply lower in late U.S. trading Friday, as a stronger dollar, surging Treasury yields and oil-led inflation fears offset defensive demand tied to the Strait of Hormuz. At the time of writing, spot #gold was trading near $4,539.40 an ounce, down 2.40%, while spot #silver was trading at $75.910, down 8.94% on the session. Industrial production increased 0.7% in April after a 0.3% decline in March. Manufacturing output rose 0.6%, utilities output increased 1.9%, mining output slipped 0.1% and capacity utilization rose to 76.1%. The stronger-than-expected production print added to a week of hotter inflation data, leaving gold and silver exposed to the same rate repricing that pressured equities, bonds and industrial metals... >> Full report at Kitco: https://www.kitco.com/news/article/2026-05-15/silver-dives-below-76-gold-tests-4500-support-iran-risk-drives-oil-rate