CaratGold sheds $25.10 to $4,403.90 in the Labor Day session
Silver fell 0.75% to $65.596 and platinum a dollar to $1,815.00. Palladium alone rose, adding $8.00 to $1,377.00 on Kitco's bid at 10:04 UTC.
Three metals lower, one higher. Gold fell $25.10 to $4,403.90 an ounce on Kitco's bid. Palladium was the only one of the four metals higher on a board that traded through the holiday.
If you buy scrap over the counter: re-quote before you buy. Gold is $25.10 lower than Friday's mark.
If you cost platinum settings: leave the estimate alone. The metal moved a dollar, to $1,815.00.
What this is not: a trend. One session, and no source read named a cause.
| Metal | Bid | Change | Session range |
|---|---|---|---|
| Gold | $4,403.90 | −$25.10, −0.57% | $4,384.70 – $4,436.20 |
| Silver | $65.596 | −$0.498, −0.75% | $65.355 – $66.577 |
| Platinum | $1,815.00 | −$1.00, −0.06% | $1,790.00 – $1,834.00 |
| Palladium | $1,377.00 | +$8.00, +0.58% | $1,363.00 – $1,428.00 |
IThe board traded through Labor Day
Live, not frozen. Kitco's quotes carried a moving tick on US Labor Day, 7 September, with a nonzero change on three of the four metals. Spot metal is an over-the-counter market that a United States bank holiday does not close.
IISilver fell furthest of four
Widest fall, 0.75%. Silver lost $0.498 to $65.596, a 0.75% fall against gold's 0.57% and platinum's 0.06%.
The ratio widened. It takes 67.1 ounces of silver to buy an ounce of gold, against 67.0 at the 4 September marks.
IIIPalladium held its spread
Only riser, up $8.00. Palladium added $8.00 to $1,377.00 against $1,417.00 asked, the same $40.00 spread it has carried for a run of sessions, 2.90% of the bid.
Gold ranged $51.50. Gold traded between $4,384.70 and $4,436.20 on the session, so the day's fall was smaller than the distance the metal covered inside it.
01What would change this call+
A move back above $4,429.00, the 4 September mark, on the next session. That would make this a thin holiday drift rather than a turn, and the scrap advice above would have cost a counter nothing to ignore.
02What a spot mark is+
Spot gold is an over-the-counter quote for immediate delivery, not an exchange settlement. Kitco publishes a bid, an ask and a mid for each metal; the bid is what a dealer will pay you, and it is the mark the Carat Capital price desk carries. The market runs nearly around the clock through the trading week, which is why a United States bank holiday does not close it.
03Method · the desk’s arithmetic+
Marks are Kitco's bid, read at 10:04:00 UTC on 7 September 2026. Kitco prints two clocks that disagree by four hours: the numeric unix timestamp field, 1788775440, converts to 10:04:00 UTC, while the adjacent originalTime string reads 06:03:58 with a UTC suffix it does not carry. The numeric field is used. Prior marks are the 4 September levels and reconcile against Kitco's own printed change for all four metals: $4,403.90 plus $25.10 is $4,429.00; $65.596 plus $0.498 is $66.094; $1,815.00 plus $1.00 is $1,816.00; $1,377.00 less $8.00 is $1,369.00. A second board was read for the two metals that moved most: Business Insider quoted gold at $4,405.76 against Kitco's mid of $4,404.90, 0.0195% apart, and palladium at $1,399.00 against a mid of $1,397.00, 0.1432% apart, both inside the band this price desk treats as timing noise. The gold-silver ratio, the 2.90% palladium spread and the $51.50 gold range are Carat Capital's arithmetic on those quotes.
$119.30 back on gold: the first higher mark since 28 August
The session that put $119.30 back on gold, and the mark this one gave away part of.
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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