Gold Prices Squeezed by Rising Oil and Falling Yields as Fresnillo Silver Output Declines – Heraeus

Russia sold 6 tonnes of gold in September, cutting reserves to 2,260 tonnes, while central banks net bought 170 tonnes from January to August. Fresnillo’s Q3 silver output fell to 10.3 million ounces and nine-month total reached 32.4 million ounces, down 11.5%. Silver prices dropped below $55 to $53.77 per ounce.