Precious Metals Market Update | September 2, 2026

Gold and silver moved lower in early trading on September 2. At 12:17 a.m. GMT, spot gold traded at $4,304.01 per ounce, down 0.6% and at its lowest level since August 7. December U.S. gold futures traded at $4,350.80, down 1%. Spot silver traded at $63.60 per ounce, also down 1%. View the Reuters market report for September 2.

The latest completed monthly data from the World Gold Council shows that global gold-backed ETFs added $3 billion during July. Their collective physical holdings increased by 23 metric tons to 4,068 tons, while total assets under management reached $530 billion. Year-to-date ETF inflows through July totaled $11 billion, representing a net increase of 39 tons of gold. View the World Gold Council data.

CME Group has announced that, pending regulatory review, 24-hour, seven-day trading in its 100-ounce silver futures contract will begin September 11. The contract was introduced in February and is financially settled against the daily settlement price of the benchmark COMEX 5,000-ounce silver futures contract. CME reported an average of 17,800 contracts traded per day during the first half of 2026. Read the CME announcement.

For readers considering eligible physical precious metals within a self-directed retirement account, visit the Pryce House Precious Metals IRA desk.

Market prices change continuously. This update is provided for general information and is not investment, tax, or legal advice.