Platinum Jumps as Precious Metals Extend Their Rally — November 5, 2026

Precious metals extended their rally on Thursday, November 5, 2026, with platinum leading the move higher. In U.S. dollar terms, spot platinum rose 2.85 percent from the previous close to $1,545.00 an ounce as of 9:21 AM ET, with gold up 1.68 percent to $4,128.30 and silver up 1.59 percent to $53.10. In Canadian dollars, as of 9:52 AM ET, gold stood at C$5,746.58 an ounce, silver at C$73.04 an ounce, and platinum at C$2,131.35 an ounce on Gold Stock's live Canadian pricing. Against the previous close on that pricing, platinum is up 1.65 percent from C$2,096.74, gold is up 1.23 percent from C$5,676.77, and silver is essentially unchanged from C$73.03, as the Canadian dollar held up against the softer U.S. dollar. Prices have eased off the morning highs in U.S. dollar terms since the alert levels. The advance builds on Wednesday's sharp gains, when gold posted its biggest daily rise since August. Falling Treasury yields and a softer U.S. dollar continue to support bullion after the Democratic victories in Tuesday's U.S. midterm elections, and fresh Thursday data showing stronger productivity growth and declining unit labor costs eased inflation concerns. That support is holding even though traders still price strong odds of another Federal Reserve rate increase at the December meeting, after the Fed left its benchmark rate at 3.75 to 4.00 percent in October. Attention now turns to Friday's October U.S. employment report, the next major test for the rate outlook. What it means for buyers: even after two strong days, Canadian prices — gold near C$5,747, silver near C$73, and platinum near C$2,131 an ounce — remain well below recent highs, so buyers adding physical metal today are still buying below the levels of just weeks ago. Because a market that can climb this quickly can also fall back just as quickly, staging purchases in tranches rather than all at once is a measured way to build a position while this volatility lasts. Confirm the live price at the time of purchase, as intraday moves of this size change totals quickly. What it means for sellers: the extended rally has lifted the value of coins, bars, jewelry, and scrap for a second straight day. Anyone considering a sale should lock in a live quote, since prices are moving quickly in both directions and there is no way to know how long any single level will hold. Gold Stock Corp serves customers across Canada from its three branches in Mississauga, Malton, and Vancouver, and online at goldstocklive.com. Walk-ins are welcome, and our team can quote live buying and selling prices on gold, silver, and platinum throughout the trading day. Live prices: https://www.goldstocklive.com