Gold Fund Rises 1.21% as Silver Fund Gains 1.03% | Gold & Silver, Oct 27
Key Facts
- The GLD gold fund rose 1.21% to US$372.28 on Tuesday, October 27.
- The SLV silver fund gained 1.03% to US$49.16, and the GDX gold-miner fund jumped 2.68%.
- The Conference Board, a US business research group, said consumer confidence rose to 91.7 in October, from a revised 84.2 in September and far above the forecast of about 81.
- The US Federal Reserve decides on interest rates on Wednesday, the next test for bullion.
- Prediction markets: Polymarket, a prediction market, puts 61.5% on gold touching US$4,100 an ounce at some point in October, as of 27 October 2026, 9:00 pm ET.
Today’s Focus
Gold and silver rose on Tuesday, October 27, in a session when Wall Street also gained. The GLD gold fund climbed 1.21% to US$372.28, while the SLV silver fund added 1.03% to US$49.16.
Mining shares did better than the metals. The GDX gold-miner fund jumped 2.68%, Newmont, the world’s largest gold miner, gained 2.04%, and silver miners Pan American Silver and Hecla rose 3.3% and 4.6%.
Mexico is the world’s largest silver producer, and Peru is among the leaders, so Latin America has an outsized influence on silver supply.
US consumer confidence, the Conference Board’s gauge of household mood, rose to 91.7 in October from a revised 84.2, the RT economic calendar shows. The forecast was about 81.
What matters today. Bullion rose ahead of the Fed decision on Wednesday, which can move the dollar and interest-rate expectations.
01 The session in one read
Gold and silver gained on Tuesday, October 27, as miners rallied and Wall Street rose. Gold had been broadly flat the day before, so Tuesday was a clear step up.
The GLD fund, the largest US-listed gold tracker, settled at US$372.28, up 1.21%, while the SLV silver fund closed at US$49.16, up 1.03%.
Brazil’s Ibovespa fell 0.51% on the day after Monday’s 13.88% plunge, so the regional stress that supported gold on Monday eased only partly.
The dollar was firmer, with the UUP dollar fund up 0.4%, which usually weighs on bullion, yet gold still rose.
Tuesday’s session combined a risk-on equity market with a bid for bullion. Gold and silver rose together with miners, which suggests investors wanted both growth and protection ahead of the Fed.
02 The board
The GLD gold fund settled at US$372.28, up 1.21%.
The SLV silver fund closed at US$49.16, up 1.03%, while silver miners did better: Pan American Silver rose 3.3% and Hecla 4.6%.
The UUP dollar fund added 0.4%, making dollar-priced metals more expensive for overseas buyers, but it did not stop the rally.
| Asset | Level | Change |
|---|---|---|
| Gold (GLD fund) | US$372.28 | +1.21% |
| Silver (SLV fund) | US$49.16 | +1.03% |
| Gold miners (GDX fund) | US$83.19 | +2.68% |
| Newmont | US$112.64 | +2.04% |
Source: RT close, 2026-10-27. Metals are shown through US-listed funds and miners as labelled proxies.
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Latin America — Cross-Market Board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 175,710.05 | -0.51% | +19.56% | 176,608.23 | 178,526 | 175,157 | — |
| IPSA | 10,766.85 | +1.81% | — | 10,575.69 | 10,722 | 10,633 | — |
| IPC MEX | 69,734.34 | +0.38% | +12.74% | 69,470.99 | 70,008 | 69,383 | 49,372,306 |
| MERVAL | 2,848,945 | — | +12.65% | 2,859,051 | — | — | — |
| COLCAP | 2,506.51 | +0.06% | — | — | — | — | — |
| USD/BRL | 5.34 | -1.32% | -0.84% | 5.42 | 5.42 | 5.30 | — |
| EUR/BRL | 5.95 | +7.53% | -4.87% | 5.54 | 6.04 | 5.92 | — |
| USD/MXN | 18.69 | +0.62% | +1.45% | 18.57 | 18.69 | 18.54 | — |
| USD/CLP | 983.47 | -0.57% | +5.64% | 989.13 | 991.87 | 979.07 | — |
| USD/COP | 3,149 | +3.06% | -18.02% | 3,056 | 3,173 | 3,111 | — |
| USD/PEN | 3.45 | +0.17% | +3.85% | 3.44 | 3.45 | 3.44 | — |
| USD/ARS | 1,537 | -0.28% | +3.77% | 1,541 | 1,541 | 1,537 | — |
| USD/UYU | 40.21 | +3.57% | +2.29% | 38.83 | 40.21 | 40.08 | — |
| USD/PYG | 5,803 | +3.78% | -16.54% | 5,592 | 5,803 | 5,735 | — |
| USD/BOB | 11.97 | +4.93% | +77.92% | 11.41 | 11.97 | 11.82 | — |
| USD/DOP | 60.54 | +1.83% | -4.34% | 59.45 | 61.14 | 59.85 | — |
| USD/CRC | 451.24 | +2.13% | -7.80% | 441.83 | 451.40 | 450.04 | — |
| USD/GTQ | 7.64 | +3.23% | +2.18% | 7.40 | 7.64 | 7.64 | — |
03 What moved it
Two forces pulled in the same direction. Wall Street rose, and investors also bought protection ahead of the Federal Reserve decision.
US consumer confidence jumped to 91.7 in October, the highest since June, according to the Conference Board. That is a sign of a stronger economy, which can raise interest-rate expectations and usually weighs on gold, yet bullion still rose.
Silver rose less than the gold miners. Silver is both a precious and an industrial metal, so it often follows the stock market as well as haven demand.
Brazil’s stock market was still unsettled after Monday’s election-driven plunge, and that regional stress kept some haven demand alive.
04 The Latin American read
Mexico is the world’s leading silver producer, which makes the country’s mining health a direct driver of silver supply.
Peru is also among the top silver producers, with Buenaventura among its leading operators.
Mining shares in the region and in the United States reacted strongly to the metal rally on Tuesday.
A handful of operators hold outsized influence over regional silver supply.
05 The names to watch
Investors tracking the metals through exchange-traded funds can watch the GLD fund at US$372.28 and the SLV fund at US$49.16 as the most liquid US proxies for gold and silver price direction.
In Latin America, Mexican silver miners are direct beneficiaries of the country’s role as the top silver producer.
Peruvian producer Buenaventura, listed in New York, rose 1.04% to US$28.73 on Tuesday.
Pan American Silver and Hecla, both US-listed silver miners with Latin American operations, rose more than the metal.
06 The outlook
Gold looks caught between haven demand and macro headwinds from a firmer dollar. A decisive move after the Fed decision would show which force dominates.
What Prediction Markets Say
On Polymarket, a prediction market, traders put the chance that gold touches US$4,100 an ounce at some point in October at 61.5%. They see a 40.0% chance that it falls to US$4,000. About US$454,000 has been traded on this market, as of 27 October 2026, 9:00 pm ET.
Prices on prediction markets are bets, not polls or forecasts by officials.
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.
07 What to watch
- Federal Reserve: the Fed announces its rate decision on Wednesday, which can shift rate expectations and the dollar
- US data: strong consumer confidence could keep interest-rate expectations higher
- Brazil’s markets: further stress would support haven demand for gold
- Silver miners: whether the rally in miners outpaces the metal itself
Frequently Asked Questions
Why did gold and silver rise on Tuesday?
Gold, via the GLD fund, gained 1.21% and silver, via the SLV fund, gained 1.03% as miners rallied and investors prepared for the Federal Reserve decision.
How did the dollar affect precious metals?
The UUP dollar fund rose 0.4%, which makes dollar-priced gold and silver more expensive for foreign buyers, but both metals still rose.
Which country produces the most silver?
Mexico is the world’s leading silver producer, with Peru among the other leading producers.
What did US consumer confidence show?
The Conference Board’s index rose to 91.7 in October from a revised 84.2, beating the forecast of about 81.
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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