{"id":1334,"date":"2026-08-17T18:39:38","date_gmt":"2026-08-17T18:39:38","guid":{"rendered":"https:\/\/goontrading.com\/en\/u-s-data-supports-gold-prices-despite-iran-pessimism-silver-production-soars-as-bar-and-coin-sales-rebound-heraeus\/"},"modified":"2026-08-17T18:39:38","modified_gmt":"2026-08-17T18:39:38","slug":"u-s-data-supports-gold-prices-despite-iran-pessimism-silver-production-soars-as-bar-and-coin-sales-rebound-heraeus","status":"publish","type":"post","link":"https:\/\/goontrading.com\/en\/u-s-data-supports-gold-prices-despite-iran-pessimism-silver-production-soars-as-bar-and-coin-sales-rebound-heraeus\/","title":{"rendered":"U.S. data supports gold prices despite Iran pessimism, silver production soars as bar and coin sales rebound \u2013 Heraeus"},"content":{"rendered":"

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\"U.S.<\/p>\n

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(Kitco News) \u2013 Recent economic data is buoying gold prices despite flagging optimism of an Iran deal, while silver production is surging even as bar and coin demand rebounds from last month\u2019s lows, according to precious metals analysts at Heraeus.<\/p>\n

In their latest update, the analysts noted that gold prices trended steady to slightly higher last week following the prior week\u2019s strong rally.\u00a0<\/p>\n

\u201cThe fog has continued to hang thick around the negotiations, or lack thereof, surrounding a deal to reopen the Strait of Hormuz,\u201d they wrote. \u201cOil flows through the strait have been almost zero since early July with stockpiles continuing to deplete, while oil prices have remained much lower than they were at the beginning of the conflict.\u201d<\/p>\n

\"article<\/span><\/span><\/p>\n

They noted that the Brent-WTI spread was close to $6 per barrel as of 14 August. \u201c[T]his is higher than when a potential deal was being talked up by the US on 5 August ($4\/bbl), suggesting there has been a worsening of the chances of this deal passing imminently,\u201d they said. \u201cHowever, earlier in the conflict the spread was frequently in excess of $10\/bbl and so the markets are pricing in a more optimistic picture for geopolitics and, crucially, for precious metals, fuel and energy prices than they were between March and June.\u201d<\/p>\n

Heraeus sees the recent economic data as broadly supportive of precious metals prices. \u201cAlong with weak jobs data, the US CPI (3.4%) and PPI (4.7%) came in at or lower than estimated,\u201d the analysts wrote. \u201cThe net result of this has led to a ~20 bp reduction in the US 2-year Treasury yield and a reduction in the implied probability of a September rate hike by the Fed from ~80% to ~35% since their respective late-July peaks.\u201d<\/p>\n

On the mining majors front, Heraeus said Barrick’s gold production remains on track for full-year guidance. \u201cAttributable gold production reached 796 koz, up 11% quarter-on-quarter from 719 koz and above the 730-770 koz quarterly guidance range,\u201d they said. Output was broadly flat year-on-year, although yield from continuing operations increased by 8% as the comparative period included ounces from divested assets\u2026 Barrick maintained its 2026 guidance of 2.90- 3.25 moz and expects production to increase sequentially, with Q4 the strongest quarter.\u201d<\/p>\n

Spot gold was trending higher after the North American open, and last traded at $4,425.20 for a gain of 1.11% on the session.<\/p>\n

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Turning to silver, Heraeus analysts said Pan American Silver is also on track to meet its 2026 production guidance after a very strong Q2. \u201cAttributable silver production was 6.47 moz, broadly unchanged quarter-on-quarter but 27% higher year-on-year from 5.09 moz the year before,\u201d they wrote. \u201cH1\u201926 output reached 12.90 moz, 28% higher year-on-year and in the upper half of guidance of 12.15-13.15 moz. Pan American maintained its full-year guidance of 25-27 moz.\u201d<\/p>\n

And the Perth Mint\u2019s silver bar and coin sales bounced back in July but remained below early 2026 levels.\u00a0<\/p>\n

\u201cSilver minted product sales reached 486 koz, up 65% from 294 koz in June and 8% from 452 koz year-on-year,\u201d the analysts noted. \u201cThe recovery coincided with the silver price touching its lowest level of 2026 during July, before ending the month at around $57.5\/oz, suggesting that some price-sensitive investment demand had returned. However, sales were still around half of the 976 koz sold in March and approximately one-quarter of the almost 2 moz sold in February.\u201d<\/p>\n

\"article<\/span><\/span><\/p>\n

Silver prices are outperforming on Monday morning as they have successfully reclaimed the $66 per ounce level.<\/p>\n

\"article<\/span><\/span><\/p>\n

Spot silver last traded at $66.389 per ounce for a gain of 2.63% on the daily chart.<\/p>\n<\/div>\n

Kitco.com<\/p>\n","protected":false},"excerpt":{"rendered":"

\u26a1 Trade with Ultra-Low Spreads on IC Markets! \u2794 [Link] \ud83c\udf81 Get Your Exclusive XM Deposit Bonus Now! \u2794 [Link] \ud83d\udca1 Master the Markets with FXTM Copy Trading \u2794 [Link] (Kitco News) \u2013 Recent economic data is buoying gold prices despite flagging optimism of an Iran deal, while silver production is surging even as bar …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-1334","post","type-post","status-publish","format-standard","","category-gold-commodities-trade-news"],"_links":{"self":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/comments?post=1334"}],"version-history":[{"count":0,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1334\/revisions"}],"wp:attachment":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/media?parent=1334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/categories?post=1334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/tags?post=1334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}