Gold Fund Gains 0.33% as Silver Fund Slips 0.12% | Gold & Silver, Oct 26
Key Facts
- GLD, the largest US gold fund, rose 0.33% to US$367.82 on Monday, 26 October 2026.
- SLV, a silver fund, slipped 0.12% to US$48.66.
- Gold miners gained: the GDX fund rose 1.02% to US$81.02, and Newmont rose 1.40%.
- Peru’s Buenaventura, a gold and silver miner, rose 1.86% to US$28.44 as Brazil’s stocks fell 13.88%.
Today’s Focus
Gold edged higher on Monday as Latin American markets sold off. GLD, an exchange-traded fund backed by physical gold, rose 0.33% to US$367.82, while SLV, its silver equivalent, slipped 0.12% to US$48.66.
Gold miners did better than the metal. The GDX fund of gold miners gained 1.02% to US$81.02, and Newmont, a leading US gold producer, rose 1.40% to US$110.39.
The gains came as the US dollar index, a gauge of the dollar against major currencies, rose 0.22% to 102.03 and the US 10-year Treasury yield, the benchmark borrowing cost, stood near 5%. Both usually weigh on gold, so the small rise suggests some safe-haven demand.
What matters today. Gold held a modest gain on a day when Brazil’s stock market crashed 13.88%, which fits its role as a refuge when risk rises.
01 The session in one read
Gold and gold miners rose on Monday, 26 October 2026, while silver was flat. GLD settled at US$367.82, up 0.33%, and IAU, another gold fund, rose 0.36% to US$75.42.
Silver was slightly weaker. SLV fell 0.12% to US$48.66.
We have no verified gold or silver spot price for the session, so the board shows exchange-traded funds and miners as proxies.
The evidence points to a small safe-haven bid for gold, offset by a firmer dollar and high US yields. The stronger moves in miners suggest investors prefer gold exposure with operating leverage. The variable to watch is the Federal Reserve’s meeting this week, which could move the dollar and yields.
02 The board
The board was mostly positive. GLD’s 0.33% gain to US$367.82 and IAU’s 0.36% gain to US$75.42 were modest.
Miners moved more. GDX rose 1.02% to US$81.02, and GDXJ, a fund of smaller gold miners, rose 0.59% to US$99.94.
| Asset | Level | Change |
|---|---|---|
| Gold (GLD) | US$367.82 | +0.33% |
| Silver (SLV) | US$48.66 | -0.12% |
| Gold miners (GDX) | US$81.02 | +1.02% |
| Newmont | US$110.39 | +1.40% |
| Buenaventura (Peru) | US$28.44 | +1.86% |
Source: RT close, 2026-10-26. Where a commodity has no spot feed, an exchange-traded tracker or leading producer is shown as a labelled proxy.
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Latin America — Cross-Market Board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 176,608.23 | -13.88% | +21.85% | 205,082.56 | 168,310 | 167,142 | — |
| IPSA | 10,575.59 | -1.59% | — | 10,746.36 | 11,210 | 10,984 | 1,513,213,483 |
| IPC MEX | 69,470.99 | -0.58% | +12.17% | 69,879.62 | 66,121 | 65,405 | 108,886,187 |
| MERVAL | 3,017,221 | — | +30.51% | 3,022,485 | 3,042,365 | 2,991,150 | — |
| COLCAP | 2,505.04 | -1.38% | — | 9.04 | 9.05 | 9.02 | 4,133 |
| BVL PERÚ | 57,093.72 | +0.04% | — | — | — | — | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| EUR/BRL | 5.95 | +1.01% | -5.83% | 5.89 | 5.98 | 5.94 | — |
| USD/MXN | 17.06 | -0.24% | -8.58% | 17.10 | 17.08 | 17.01 | — |
| USD/CLP | 913.98 | +0.04% | -5.67% | 913.65 | 915.11 | 906.68 | — |
| USD/COP | 3,140 | +0.03% | -22.04% | 3,139 | 3,141 | 3,105 | — |
| USD/PEN | 3.36 | -0.66% | -4.82% | 3.38 | 3.38 | 3.35 | — |
| USD/ARS | 1,493 | +0.10% | +12.96% | 1,491 | 1,494 | 1,480 | — |
| USD/UYU | 40.27 | +1.24% | +1.80% | 39.77 | 40.27 | 40.23 | — |
| USD/PYG | 5,939 | +1.68% | -19.54% | 5,841 | 5,939 | 5,925 | — |
| USD/BOB | 11.64 | -0.76% | +72.04% | 11.73 | 11.72 | 11.64 | — |
| USD/DOP | 58.34 | +1.25% | -3.44% | 57.62 | 58.34 | 58.04 | — |
| USD/CRC | 445.92 | +0.89% | -9.71% | 441.97 | 448.50 | 445.92 | — |
03 What moved it
The backdrop was a risk-off day in Latin America. Brazil’s Ibovespa fell 13.88% and the dollar jumped 8.79% against the real after President Lula’s re-election.
Gold usually benefits when investors seek safety, but a firmer dollar and a 10-year yield near 5% limited the gain.
US stocks rose, with the S&P 500 up 0.70%, so the safe-haven bid was not strong.
04 The Latin American read
Peru is a major gold and silver producer. Buenaventura, its best-known listed miner, rose 1.86% to US$28.44 in New York.
A weaker Brazilian real does not change gold’s dollar price, but it raises the metal’s cost for Brazilian buyers. Argentines, with the peso at a record low of ARS1,541 per dollar, also face higher local gold prices.
Chile’s IPSA fell 1.59% and Argentina’s Merval fell 3.0%, while gold-linked shares in New York rose.
05 The names to watch
Newmont, a leading US gold producer, rose 1.40% to US$110.39. Agnico Eagle, a Canadian miner, rose 1.01% to US$175.69.
Buenaventura offers a direct Peruvian gold and silver exposure. Pan American Silver, with mines in Latin America, rose 0.42% to US$40.32.
06 The outlook
Gold’s path this week depends on the Federal Reserve’s meeting, the dollar and Treasury yields. A softer dollar would help; a firmer one would not.
For Latin America, further stress in Brazil could keep a modest safe-haven bid in place.
07 What to watch
- Federal Reserve meeting: Rate guidance could move the dollar and gold.
- US dollar index: A move above 102 would weigh on gold.
- Brazil spillover: More stress in Latin America could add a safe-haven bid.
- Gold miners: Whether GDX keeps outperforming the metal.
Frequently Asked Questions
Did gold rise on Monday?
Gold funds rose modestly. GLD gained 0.33% and IAU gained 0.36%, while silver’s SLV slipped 0.12%.
Why did gold miners rise more than gold?
Miners have operating leverage, so a small gain in gold can widen their profits. GDX rose 1.02% against GLD’s 0.33%.
What are GLD and SLV?
GLD and SLV are exchange-traded funds backed by physical gold and silver, and they track metal prices.
Does this wrap state a spot price?
No. A verified spot price was not available for the session, so fund prices are shown.
Market data: RT
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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