Futures and stocks rally together, precious metals sector surges, Western Gold hits limit up, spot silver trading sees marginal improvement [SMM Flash] - Shanghai Metals Market

AI desk brief

Precious metals rallied sharply on Oct. 9 as weaker-than-expected US payrolls cooled expectations for another Fed hike, Treasury yields eased, and geopolitical risk fell after Trump said the US was in “productive” talks with Iran. By 15:11, COMEX gold was up 1.56% at $4,221.8/oz, COMEX silver up 2.01% at $60.62/oz, while SHFE gold and silver rose 1.55% and 0.88%, respectively; platinum and palladium also gained. The precious-metals equity sector surged 5.42%, with Western Region Gold hitting limit up.