COMMODITIES MARKET UPDATE - 1 NOV 2026: Gold, Silver, Platinum, Copper & Oil

The commodities market is showing strong momentum today, 1st November 2026.

Gold Rebounds to $3876:

After crashing to $3898 last week due to the Binance $6.34B hack sell-off, Gold is now trading at $3876 per ounce in the international market. In Pakistan, 24K Gold is at Rs. 409,950 per tola. Analysts see $4000 as the next target.

Silver Holds $49:

Silver is stable at $49.13 per ounce, maintaining its position near the $50 psychological level. Industrial demand remains strong.

Platinum at $1433:

Platinum is trading at $1433.40 per ounce, nearly 60% cheaper than Gold. Many investors are calling it undervalued.

Copper - The Economic Indicator:

Copper, known as Dr. Copper, is at $6.48 per pound ($0.45 per oz). Rising copper prices signal global manufacturing growth.

Crude Oil Hits 6-Month High:

Oil prices have surged to a 6-month high. WTI Crude is at $104.12 and Brent Crude at $117.64 per barrel, driven by rising tensions in the Strait of Hormuz and potential US-Iran escalation after the US midterms.

Conclusion: With Gold recovering, Oil surging, and industrial metals rising, the commodity supercycle may be starting.

Which commodity are you bullish on?

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