Gold prices squeezed between rising oil and falling yields, Fresnillo silver output declines in 2026 – Heraeus
Published . Updated .
This report is about gold and oil.
Directly affected
- FNLPF Fresnillo
Named in this report.
Indirectly affected
- GLD SPDR Gold Shares-3.3% 30d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- GDX VanEck Gold Miners ETF-14.8% 30d
VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- USO United States Oil Fund+8.2% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- SLV iShares Silver Trust-14.3% 30d
iShares Silver Trust: it follows the silver price. Linked by “silver” (silver) in this story.
- NEM Newmont-11.5% 30d
Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- AEM Agnico Eagle Mines-12.0% 30d
Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- WPM Wheaton Precious Metals-19.3% 30d
Wheaton Precious Metals (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- GOLD Gold.com-16.0% 30d
Gold.com (jewelry, watches, precious stones and metals): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| FNLPFNo price data for this ticker | — | — | — | — | — | — | — |
| GLDNo price data for this ticker | — | — | — | — | — | — | — |
| GDXNo price data for this ticker | — | — | — | — | — | — | — |
| USO | -5.13% | -5.78% | base | after close | after close | after close | after close |
| SLVNo price data for this ticker | — | — | — | — | — | — | — |
| NEMNo price data for this ticker | — | — | — | — | — | — | — |
| AEMNo price data for this ticker | — | — | — | — | — | — | — |
| WPMNo price data for this ticker | — | — | — | — | — | — | — |
| GOLDNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Gold prices squeezed between rising oil and falling yields, Fresnillo silver output declines in 2026 – Heraeus Kitco
Source: Kitco
Price since this story was published: Spdr Gold Trust (GLD)
| Company | When | Move | Status |
|---|---|---|---|
| United States Oil Fund (USO) | three days earlier | -5.78% | final price |
| United States Oil Fund (USO) | five days earlier | -5.13% | final price |
Trades by members of Congress and officials in the stocks in this story
- Donald J Trump, an executive branch official, bought Newmont (NEM), worth $1,001 - $15,000 on 24 Aug 2026. That is 63 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Wheaton Precious Metals (WPM), worth $1,001 - $15,000 on 26 Aug 2026. That is 61 days before publication. Filed 10 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Spdr Gold Trust (GLD) on one side of this energy story
Companies mentioned with this story
- GLD Spdr Gold Trust
For “Gold prices squeezed between rising oil and falling yields, Fresnillo silver output declines in 2026 – Heraeus,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
- GDX Vaneck Etf Trust
For “Gold prices squeezed between rising oil and falling yields, Fresnillo silver output declines in 2026 – Heraeus,” Vaneck Etf Trust (GDX) is linked, with no stored direction, medium confidence. Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Gold prices squeezed between rising oil and falling yields, Fresnillo silver output declines in 2026 – Heraeus.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- SLV iShares Silver Trust
In “Gold prices squeezed between rising oil and falling yields, Fresnillo silver output declines in 2026 – Heraeus,” iShares Silver Trust (SLV) is linked, with no stored direction, medium confidence. Reason on file: iShares Silver Trust: it follows the silver price. Linked by “silver” (silver) in this story
- NEM Newmont
In “Gold prices squeezed between rising oil and falling yields, Fresnillo silver output declines in 2026 – Heraeus,” Newmont (NEM) is linked, with no stored direction, medium confidence. Reason on file: Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- AEM Agnico Eagle Mines
In “Gold prices squeezed between rising oil and falling yields, Fresnillo silver output declines in 2026 – Heraeus,” Agnico Eagle Mines (AEM) is linked, with no stored direction, medium confidence. Reason on file: Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- WPM Wheaton Precious Metals
Wheaton Precious Metals (WPM) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Gold prices squeezed between rising oil and falling yields, Fresnillo silver output declines in 2026 – Heraeus.” Reason on file: Wheaton Precious Metals (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- GOLD Gold.com
In “Gold prices squeezed between rising oil and falling yields, Fresnillo silver output declines in 2026 – Heraeus,” Gold.com (GOLD) is linked, with no stored direction, medium confidence. Reason on file: Gold.com (jewelry, watches, precious stones and metals): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
Spdr Gold Trust (GLD) and the energy link
Spdr Gold Trust (GLD) is the company in “Gold prices squeezed between rising oil and falling yields, Fresnillo silver output declines in 2026 – Heraeus,” the 26 Oct 2026 Energy story.
The link for Spdr Gold Trust (GLD) is this: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
A second company, Vaneck Etf Trust (GDX), is listed for a different reason: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
Price levels for Spdr Gold Trust (GLD)
GDX traded between 78.92 and 89.70 across 20 sessions. The latest close on file is 80.20. GLD traded between 373.41 and 400.78 across 20 sessions. The latest close on file is 379.67. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 169.55.
How strong the case is around Spdr Gold Trust (GLD)
46 out of 100
“Gold prices squeezed between rising oil and falling yields, Fresnillo silver output declines in 2026 – Heraeus” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.