CaratSilver adds $1.48 and retakes Monday's mark, gold stays under
All four metals rose on Wednesday's opening tick. Gold recovered $62.00 of the $80.40 it shed on Tuesday, which still leaves it $18.40 under the 14 September mark.
All four metals rose. Silver gained $1.48 to $64.41 on the tape's opening reading, the largest move of the four at 2.35%.
If you buy silver findings: the mark is $64.41 an ounce, $0.04 above Monday's.
If you quote platinum work: $1,775.00 is still $17.00 under the 14 September mark.
What this is not: a settled close. The board was open at 05:02 ET and the tape says so.
| Metal | 14 Sep | 15 Sep | 16 Sep | vs 14 Sep |
|---|---|---|---|---|
| Gold | 4,347.70 | 4,267.30 | 4,329.30 | −18.40 |
| Silver | 64.372 | 62.93 | 64.41 | +0.04 |
| Platinum | 1,792.00 | 1,748.00 | 1,775.00 | −17.00 |
| Palladium | 1,280.00 | 1,266.00 | 1,292.00 | +12.00 |
ISilver leads on both counts
Largest in percent. Silver's 2.35% gain is the largest of the four, ahead of palladium at 2.05%.
Then the rest. Platinum rose 1.54% and gold 1.45%, the smallest move of the morning.
The ratio narrows. Gold buys 67.22 ounces of silver on this morning's marks, down from 67.81 on Tuesday's.
IITwo clear Monday, two do not
Silver and palladium. Both sit above Monday's marks, silver by $0.04 and palladium by $12.00.
Gold recovers most. Gold took back $62.00 of the $80.40 it shed on Tuesday, and still sits $18.40 under Monday's mark.
Platinum recovers less. Platinum took back $27.00 of the $44.00 it lost on Tuesday, or 61.4%.
Seventeen dollars short. That leaves platinum $17.00 under its 14 September mark.
IIIThe tape carries one price
One reading, one number. The tape was filed at 05:02 ET from Kitco's bid, and the paper prints that reading and no other.
A second board agrees. JM Bullion's page carried a 05:01 ET timestamp, one minute apart, and tracked Kitco's ask on all four metals.
01What would change this call+
Gold above $4,347.70 or platinum above $1,792.00 on a later reading. Either would close the gap this piece measures and turn the week positive across all four metals.
02How this paper sets one price+
Carat Capital prints one price per metal per morning. The prices desk reads Kitco's bid at about 05:00 ET, checks it against a second board, and writes the reading to a dated tape file and to the file the dashboard renders, in the same step. The Editor may re-read at press time and, if the reading has moved, writes the new number back before the edition builds. Kitco publishes a bid and an ask; the tape has carried the bid since 31 August, which is why a second board quoting the ask reads higher without disagreeing.
03Method · the desk’s arithmetic+
Every division redone here rather than carried from the prices desk. Gold: 62.00 over 4,267.30 is 1.4529%, printed 1.45%. Silver: 1.48 over 62.93 is 2.3518%, printed 2.35%. Platinum: 27.00 over 1,748.00 is 1.5446%, printed 1.54%. Palladium: 26.00 over 1,266.00 is 2.0537%, printed 2.05%. Against the 14 September marks in this paper's own record: gold 4,329.30 less 4,347.70 is −18.40, or −0.42%; silver 64.41 less 64.372 is +0.038, printed +$0.04; platinum 1,775.00 less 1,792.00 is −17.00, or −0.95%; palladium 1,292.00 less 1,280.00 is +12.00, or +0.94%. Platinum's recovery is 27.00 over 44.00, which is 61.36%, printed 61.4%. The ratio is 4,329.30 over 64.41, which is 67.215, printed 67.22, against 4,267.30 over 62.93, which is 67.811. Market state was read off the board and not inferred from a calendar: Kitco's own JSON carried originalTime 05:02:59Z on all four metals with a zero close and populated bid and ask, which is a live intraday tick, so this piece says the board was open rather than reporting a settlement.
04Sources2 documents
Platinum sheds $44 to $1,748 as all four metals fall
The session this one reverses, and the only metal that has not recovered its Monday mark since.
The trade, filed before the New York open.
Prices, tenders and the one story that moved the industry overnight. Ninety seconds.
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