Gold Fund Slips 0.61% as Silver Fund Edges Up | Gold & Silver, Oct 19
Key Facts
- Spot gold fell 0.63% to about US$4,138 an ounce on Monday 19 October, while spot silver edged up 0.12% to about US$56.93.
- The GLD gold fund fell 0.61% to US$379.69 and the SLV silver fund edged up 0.06% to US$51.54.
- Gold miners fell, with the GDX fund down 1.41% to US$86.47 and Newmont down 0.50% to US$118.00.
- Pan American Silver rose 0.50% to US$44.43, while Buenaventura, Peru’s gold and silver miner, fell 0.92% to US$30.14.
- Prediction markets: Polymarket gives 67.5% to gold touching US$4,200 in October and 88.0% to a fall to US$4,100 (US$340,186 traded across the event, read at 9:15 pm ET on 19 October). Bets, not forecasts.
Today’s Focus
Gold fell on Monday 19 October, with spot gold down 0.63% to about US$4,138 an ounce and the GLD fund down 0.61% to US$379.69. Spot silver edged up 0.12% to about US$56.93, and the SLV silver fund rose 0.06% to US$51.54.
Gold miners fell by more than the metal, with the GDX fund down 1.41%. Newmont lost 0.50%, Agnico Eagle 1.01% and Wheaton Precious Metals 1.63%.
Silver miners did better, as Pan American Silver rose 0.50%. Kitco blamed a stronger dollar and higher bond yields for gold’s fall.
What matters today. Gold slipped on a firmer dollar and higher bond yields, miners fell harder, and silver held steady.
01 The session in one read
Gold funds slipped on Monday, with the GLD fund down 0.61% and the IAU fund down 0.63%. The SLV silver fund edged up 0.06%.
Miners fell harder than the metal. The GDX fund lost 1.41%.
Gold fell on a firmer dollar and higher bond yields, and miners fell by more, which is a usual pattern when the metal slips. Silver held its ground, which kept the gold-silver gap narrow. The variable to watch is whether gold funds can hold the levels reached last week.
02 The board
The GLD fund settled at US$379.69, down 0.61%, and the SLV silver fund at US$51.54, up 0.06%. These funds hold bullion, so they track the metal price closely.
The GDX miners fund closed at US$86.47, down 1.41%. Miners are a leveraged bet on the metal, so they usually move by more.
| Instrument | Level | Change |
|---|---|---|
| Spot gold (US$ an ounce, Kitco evening report) | 4,137.80 | -0.63% |
| Spot silver (US$ an ounce, Kitco evening report) | 56.93 | +0.12% |
| GLD gold fund (US$) | 379.69 | -0.61% |
| IAU gold fund (US$) | 77.85 | -0.63% |
| SLV silver fund (US$) | 51.54 | +0.06% |
| GDX gold miners fund (US$) | 86.47 | -1.41% |
| Newmont (US$) | 118.00 | -0.50% |
| Pan American Silver (US$) | 44.43 | +0.50% |
| Buenaventura ADR (US$) | 30.14 | -0.92% |
Source: RT close, 2026-10-19; spot prices from Kitco’s evening report, which may differ from the official fixing. Funds and shares are labelled proxies.
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| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 176,608.23 | -13.88% | +20.17% | 205,082.56 | — | — | — |
| IPSA | 10,575.59 | -1.59% | — | 10,746.36 | 10,642 | 10,457 | — |
| IPC MEX | 69,470.99 | -0.58% | +12.30% | 69,879.62 | — | — | — |
| MERVAL | 2,848,945 | — | +12.65% | 2,859,051 | — | — | — |
| COLCAP | 2,505.04 | -1.38% | — | — | — | — | — |
| USD/BRL | 5.41 | -0.12% | +0.38% | 5.42 | 5.42 | 5.37 | — |
| EUR/BRL | 6.04 | +9.04% | -3.54% | 5.54 | 6.04 | 6.00 | — |
| USD/MXN | 18.63 | +0.33% | +1.15% | 18.57 | 18.63 | 18.54 | — |
| USD/CLP | 988.80 | -0.03% | +6.20% | 989.13 | 991.87 | 988.40 | — |
| USD/COP | 3,129 | +2.39% | -18.49% | 3,056 | 3,147 | 3,129 | — |
| USD/PEN | 3.44 | -0.01% | +3.65% | 3.44 | 3.45 | 3.44 | — |
| USD/ARS | 1,541 | -0.02% | +4.04% | 1,541 | 1,541 | 1,541 | — |
| USD/UYU | 40.08 | +3.22% | +1.94% | 38.83 | 40.08 | 40.08 | — |
| USD/PYG | 5,735 | +2.55% | -17.53% | 5,592 | 5,735 | 5,735 | — |
| USD/BOB | 11.82 | +3.62% | +75.69% | 11.41 | 11.82 | 11.82 | — |
| USD/DOP | 61.14 | +2.83% | -3.39% | 59.45 | 61.14 | 60.35 | — |
| USD/CRC | 450.04 | +1.86% | -8.05% | 441.83 | 450.04 | 450.04 | — |
| USD/GTQ | 7.64 | +3.18% | +2.13% | 7.40 | 7.64 | 7.64 | — |
03 What moved it
Spot gold ended near US$4,137.80 an ounce, down 0.63%, and spot silver near US$56.93, up 0.12%, Kitco’s evening report showed. These are Kitco’s evening levels and not an official fixing.
Kitco pointed to a stronger dollar, 10-year US Treasury yields near 5.14% and a recovery in tech stocks. Tension around the Strait of Hormuz limited gold’s fall.
04 The Latin American read
Peru and Mexico are two Latin American countries with large silver and gold mining sectors. Buenaventura fell 0.92% to US$30.14, and Pan American Silver rose 0.50% to US$44.43.
Mining shares carry their own costs and local news, so they can diverge from the metal. Silver miners such as Pan American held firm on the day.
05 The names to watch
Newmont is one of the largest gold miners, and it fell 0.50% to US$118.00. Agnico Eagle fell 1.01% to US$187.60 and Wheaton Precious Metals 1.63% to US$132.00.
The GLD fund remains the simplest way to follow gold itself, while SLV tracks silver. Both trade on US exchanges in dollars.
What Prediction Markets Say
Polymarket, a prediction market, priced a touch of US$4,200 an ounce for gold in October at 67.5%, US$4,300 at 24.0% and a fall to US$4,100 at 88.0%, with US$340,186 traded across the event (read at 9:15 pm ET on 19 October). These prices are bets, not forecasts.
They can move quickly on inflation data and central-bank comments.
Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.
06 The outlook
The month’s key test for gold is the US$4,200 level that prediction markets treat as a touch point. Bond yields, the dollar and oil prices are the main drivers.
Silver is the more volatile metal and can move sharply either way. Miners add leverage to both.
07 What to watch
- US yields and the dollar: Kitco blamed both for Monday’s fall, so Treasury yields near 5.14% are the main driver.
- Oil and inflation: Brent near US$110 keeps inflation fears alive and bond yields firm.
- US$4,200: Prediction markets give 67.5% to a touch of this level in October.
- Peru and Mexico: Silver miners such as Pan American Silver and Buenaventura show how producers react.
Background: Gold Fund Slips 0.18% as Silver Fund Falls 0.79%.
Background: Brent Oil Rises 3.7% to US$109.86 on Supply Fears.
More: Latin America news in English, every day from The Rio Times.
Frequently Asked Questions
What happened to gold on Monday 19 October?
Spot gold fell 0.63% to about US$4,138 an ounce, according to Kitco. The GLD fund fell 0.61% to US$379.69.
Did gold miners fall more than gold?
Yes. The GDX fund fell 1.41% to US$86.47 and Newmont fell 0.50%.
How did Latin American silver miners do?
Pan American Silver rose 0.50% to US$44.43, while Buenaventura fell 0.92% to US$30.14.
What do prediction markets say about gold?
Polymarket priced a touch of US$4,200 in October at 67.5% as of 9:15 pm ET on 19 October. These are bets, not forecasts.
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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