Precious metal prices decreased 2.0% month on month in September, following August’s 8.7% rise.
In September, three of the four precious metals tracked by our panelists posted average monthly losses, reversing the broad-based gains seen in August. Prices came under pressure from a stronger U.S. dollar and elevated Treasury yields, which weighed on non-yielding, dollar-denominated assets. High energy prices added pressure amid stalled U.S.-Iran peace talks, reinforcing expectations of tighter U.S. monetary policy ahead. Palladium posted the sharpest fall, while platinum was relatively resilient, supported by tight supply fundamentals.
This chart displays Gold (US$/toz) from 2024 to 2026.
Precious Metals Historical Price Data
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Platinum LME | - | - | - | 966 | 968 | 1,070 | 1,386 | 1,699 | 2,205 | 1,914 | 1,726 | - |
| Palladium LME | - | - | - | 1,011 | 960 | 990 | 1,172 | 1,483 | 1,710 | 1,411 | 1,307 | - |
| Gold LBMA | - | - | - | 2,661 | 2,857 | 3,286 | 3,458 | 4,155 | 4,861 | 4,515 | 4,268 | - |
| Handy & Harman Silver | - | - | - | 31.32 | 31.86 | 33.78 | 39.57 | 55.35 | 83.91 | 73.53 | 63.05 | - |