Weekly Precious Metals Market Report

Tight Supply, Rising Prices: Metals on the Move

No. 38 | 20^th October 2025

This week’s Precious Appraisal highlights how tightening supply conditions are driving price gains across the precious metals spectrum. From gold to rhodium, constrained availability and shifting macro signals are reshaping market dynamics.

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Precious Metals Forecast

According to Heraeus Precious Metals, a global leader in the precious metals industry, the gold price will continue its recent record series in the coming year. ‘In view of further interest rate cuts and the prospect of a weaker dollar, the price of gold could rise to 2,950 dollars’, said Henrik Marx, head of precious metals trading, at the presentation of the annual Heraeus precious metals forecast.

Supply & Demand

Precious Metal Charts

See the fluctuation of precious metal prices for platinum, gold, silver, palladium, rhodium, iridium and ruthenium with our interactive chart.