Last week, the major precious metals markets recorded price increases of varying magnitudes. When assessing the future direction of precious metal prices, analysts have recently been taking into account developments such as the continued growth of China’s central bank gold reserves, changes in the geopolitical context of the Middle East crisis, and US interest rate policy.<\/p>\n\n\n\n
The global gold price rose by more than 1.3% between November 4 and November 10, reaching USD 4,116 per troy ounce.<\/p>\n\n\n
![\"\"](\"https:\/\/novitera.lt\/wp-content\/uploads\/2026\/11\/Ekrano-kopija-2026-11-10-134354.png\")
<\/figure>\n<\/div>\n\n\nChina’s central bank policy, which is favourable to the precious metal, is contributing to the rise in gold prices. According to the latest data, China’s central bank increased its national gold reserves<\/a> in October for the 24th consecutive month. The latest addition to its gold reserves amounted to 830,000 troy ounces<\/a> (approximately 25.8 tonnes).<\/p>\n\n\n\n Potential developments in the Middle East are also extremely important for the world’s leading precious metal. As the US\u2013Iran war continues, US President Donald Trump openly stated that the conflict would end “fairly soon<\/a>” and that, from a military perspective, the war was already “effectively over<\/a>“. These comments, together with the Democrats’ victory in the US midterm elections, contributed to growing expectations of an end to the war and a sharp decline in oil prices<\/a>.<\/p>\n\n\n\n Although a peaceful end to the war with Iran would reduce demand for gold as an investment safe haven, in the long term such a scenario could significantly contribute to rising precious metal prices. If oil prices remain at lower levels, the risks of rising inflation and a broader economic crisis would theoretically decrease. This, in turn, could reduce the need to raise interest rates in various markets. Such a scenario would limit the potential for growth in the yields and popularity among investors of assets that compete with precious metals (such as bonds), potentially encouraging an increase in demand for gold and other precious metals.<\/p>\n\n\n\n The global silver price rose by more than 1% between November 4 and November 10, reaching USD 52.81 per troy ounce.<\/p>\n\n\n When analysing the prospects for further growth in silver prices, analysts are assessing the latest forecasts for the metal’s supply and demand. According to the Silver Institute, the global silver market is expected to record a supply deficit<\/a> for the sixth consecutive year in 2026 (with the shortfall potentially reaching 67 million troy ounces).<\/p>\n\n\n\n On the other hand, factors such as the likelihood of continued interest rate hikes in the United States pose an obstacle to stronger growth in silver prices. According to the latest statistics based on market data, the probability that the Fed will raise interest rates by 0.25 percentage points at its December meeting stands at as much as 99%<\/a>.<\/p>\n\n\n\n Interest rate hikes in the US market not only contribute to higher government bond yields and increase their competitiveness relative to precious metals. Such decisions also contribute to the strengthening of the US dollar and reduce the attractiveness of dollar-denominated precious metals (gold, silver, etc.) to holders of foreign currencies.<\/p>\n\n\n\n Between November 4 and November 10, the global palladium price rose by more than 3.2%, reaching USD 1,040 per troy ounce.<\/p>\n\n\n <\/p>\n\n\n\n The global platinum price increased by 4.6% over the same period, reaching USD 1,569 per troy ounce.<\/p>\n\n\n <\/p>\n\n\n\n Between November 4 and November 10, the global copper price fell by more than 0.9%, reaching USD 13,881 per tonne.<\/p>\n\n\n <\/p>\n","protected":false},"featured_media":19867,"template":"","izvalgos_categories":[46],"class_list":["post-19907","izvalgos","type-izvalgos","status-publish","has-post-thumbnail","hentry","izvalgos_categories-market-reviews"],"acf":[],"_links":{"self":[{"href":"https:\/\/novitera.lt\/en\/wp-json\/wp\/v2\/izvalgos\/19907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/novitera.lt\/en\/wp-json\/wp\/v2\/izvalgos"}],"about":[{"href":"https:\/\/novitera.lt\/en\/wp-json\/wp\/v2\/types\/izvalgos"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/novitera.lt\/en\/wp-json\/wp\/v2\/media\/19867"}],"wp:attachment":[{"href":"https:\/\/novitera.lt\/en\/wp-json\/wp\/v2\/media?parent=19907"}],"wp:term":[{"taxonomy":"izvalgos_categories","embeddable":true,"href":"https:\/\/novitera.lt\/en\/wp-json\/wp\/v2\/izvalgos_categories?post=19907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/novitera.lt\/wp-content\/uploads\/2026\/11\/Ekrano-kopija-2026-11-10-134440.png\")
<\/figure>\n<\/div>\n\n\n![\"\"](\"https:\/\/novitera.lt\/wp-content\/uploads\/2026\/11\/Ekrano-kopija-2026-11-10-134501.png\")
<\/figure>\n<\/div>\n\n\n![\"\"](\"https:\/\/novitera.lt\/wp-content\/uploads\/2026\/11\/Ekrano-kopija-2026-11-10-134522.png\")
<\/figure>\n<\/div>\n\n\n![\"\"](\"https:\/\/novitera.lt\/wp-content\/uploads\/2026\/11\/Ekrano-kopija-2026-11-10-140329.png\")
<\/figure>\n<\/div>\n\n\n