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Weekly recap · Mar 30–Apr 3, 2026

Gold ends up on the week, but April 3 pullback highlights rate-and-dollar sensitivity

Gold, silver, and the PGMs finished the March 30–April 3 week higher, but all four metals sold off hard into the April 3 close. Gold ended at $4,639.35 an ounce (+3.0% for the week), while silver closed at $70.99 (+4.7%). Reports kept returning to the same tug-of-war: safe-haven interest tied to the Iran war versus the drag from a stronger U.S. dollar and higher interest-rate expectations. Physical and official-sector demand signals (central banks and India) stayed supportive in the background, even as some commentary warned the rally could be late-cycle.

AI summaryWritten automatically with AI from 29 linked reports and our own price data, Oct 21, 3:20 AM ET. Each point links to its sources. Published without an editor’s review; not investment advice. How this page is made

The week in prices

  • Gold$4,639.35+3.0%
  • Silver$70.99+4.7%
  • Platinum$1,910.00+3.3%
  • Palladium$1,463.00+5.5%

Tone of the reports: Mixed

The week’s key developments

  1. Central-bank gold buying remained a key support theme: China’s central bank extended its buying streak to 16 months, and one report said central banks added 19 tons in February.

    SourcesEarlier news service: CHINAs central bank extends gold buying to 16th month2: CENTRAL BANKS Add 19 Tons of Gold in February as China Extends Buying StreakKitco News: Central banks remain net gold buyers in February despite rising geopolitical uncertainty

  2. Several outlets said a stronger U.S. dollar and rising bond yields (which tend to pressure non-yielding assets like bullion) drove selloffs during the week’s weaker sessions.

    SourcesReuters: Gold drops on stronger dollar, rising bets on higher interest ratesKitco News: Gold, silver solidly down amid USDX gains, uptick in bond yieldsInvesting.com: Gold Prices Face Pressure From Rates Despite ... - Investing.com2: Gold: Safe-Haven Trade Weakens as US Dollar and Rates Take ...

  3. Reuters reported that safe-haven demand stayed in focus because of the Iran war, and it tied one of the week’s stronger rallies to a softer dollar.

    SourcesReuters: Gold extends gains on softer dollar; focus remains on Iran war

  4. Kitco said sentiment was cautious after mixed signals on Iran; its weekly survey noted Wall Street growing more hesitant while Main Street turned marginally more positive after solid gains.

    SourcesKitco News: Wall Street flees to the fence after mixed signals on Iran, Main Street grows marginally more positive after gold’s solid gains

  5. Reuters reported Indian dealers charged the first gold premiums in two months, pointing to firmer on-the-ground buying interest.

    SourcesReuters: Indian dealers charge first gold premiums in two months

  6. MarketWatch reported a UBS strategist warned gold’s bull run could be nearing its finish line if the Fed holds rates for the rest of the year.

    SourcesMarketWatch: Gold's bull run could be nearing its finish line, says UBS strategist

  7. Reuters reported Canada’s February trade deficit widened to a six-month high because gold imports surged, highlighting strong cross-border physical flows.

    SourcesReuters: Canada's February trade deficit surges to a six-month high on gold imports

Bull vs bear

The arguments the day’s reports made for each direction. We list them side by side; we don’t pick one.

The case for higher prices

The case for lower prices

Metal by metal

Gold $4,639.35 −2.10%

Reuters linked a midweek lift in gold to a softer U.S. dollar while attention stayed on the Iran war (Reuters [13484]). Official-sector demand stayed in focus, with multiple reports highlighting continued central-bank buying led by China (imports [13433], [13439]; Kitco [13460]), while UBS commentary flagged the risk that steady high rates could cap the bull run (MarketWatch [13317]).

Gold headlines

Silver $70.99 −5.18%

Silver coverage was thinner than gold in the reports, but Kitco noted gold and silver were “solidly down” during the dollar-and-yield driven selloff (Kitco [13461]). FXStreet also pointed to silver holding above $70 despite Iran-war headlines (FXStreet [13366]).

Silver headlines

Platinum $1,910.00 −2.55%

No report focused on platinum.

Platinum headlines

Palladium $1,463.00 −0.61%

No report focused on palladium.

Palladium headlines

Day by day

  1. Monday, Mar 30Gold settles at $4,529.15; silver jumps to $70.75 as safe-haven bids return
  2. Tuesday, Mar 31Gold rebounds above $4,600 as traders weigh rates risk and peak-price warnings
  3. Wednesday, Apr 1Gold and silver rebound as the dollar slips; Iran war remains in focus
  4. Thursday, Apr 2Gold $4,639.35 (-2.10%) as dollar and rate fears hit; silver slides to $70.99 (-5.18%)
  5. Friday, Apr 3Gold and silver slide as central-bank buying stays steady in the background

How this page is made

Collected every hour. Summed up twice a day. Linked to the source.

Where the news comes from

  • Reuters and Dow Jones headlines for gold, silver, platinum and palladium, through TradingView
  • Kitco News and MetalsDaily
  • The World Gold Council
  • Google News, for wider coverage
  • A daily AI web search for anything the feeds missed

How the briefs are written

Every hour we collect new headlines. An AI model from OpenAI tags each one by metal, topic and importance and writes a one-line summary from its headline and teaser. It doesn’t read paywalled articles. On weekdays at about 8 AM and after the 5 PM New York close, it writes a brief from the most important reports and our own spot price feed. Every point cites the reports it came from. On Fridays it writes a recap of the week.

Who publishes it

Bullion Trading LLC is a physical precious metals dealer in New York’s Diamond District, in business since 2008. Prices on this page come from our own live feed and LBMA history. We buy and sell bullion, so read the briefs as market context, not investment advice. Briefs are published automatically, without an editor’s review. If you spot an error, tell us.

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