A Golden Quarter for Precious Metals- Can it Continue?

Core Insights - Gold reached its eighth consecutive quarterly record high in Q3 2025, although it had the smallest percentage gain among precious metals [1] - The overall precious metals sector saw significant price increases, with double-digit percentage gains across the board in Q3 [2] - Gold prices surpassed $4,100 per ounce in early Q4, continuing a bullish trend that began from a low of $252.80 in 1999 [3][4] Gold Performance - COMEX gold futures rose 16.12% in Q3 and were 45.43% higher over the first nine months of 2025, settling at $3,840.80 on September 30, 2025 [3] - In early Q4, gold reached a new high of $4,124.30, surpassing the $4,000 per ounce level [4] Silver Performance - COMEX silver outperformed gold in Q3, rising 30.09% and 59.50% higher over the first nine months of 2025, settling at $46.64 on September 30, 2025 [5] - Silver prices continued to rise in early Q4, reaching $50.56 per ounce, with spot prices exceeding $52 per ounce in October 2025 due to tariff concerns and declining inventories [6] Platinum Performance - NYMEX platinum futures led the precious metals sector in Q3, rising 18.79% and achieving a 77.25% gain over the first nine months of 2025, settling at $1,584.60 on September 30, 2025 [7]