On 1 November, リファスタ released its outlook for gold prices at the start of the week. The central estimate for gold is ¥21,500/g, with a range of ¥21,280–¥21,720/g and a forecast decline of ¥695/g from the previous day. Platinum was projected at a central estimate of ¥7,800/g, down ¥273/g from the previous day.
On 1 November, リファスタ released its outlook for gold. The reference was the published confirmed gold price as of 30 October. The central estimate for gold is ¥21,500/g, with a range of ¥21,280–¥21,720/g and a ¥695/g decline from the previous day. Platinum is projected at a central estimate of ¥7,800/g, down ¥273/g from the previous day.
The recent performance of gold is cited as being affected by movements in the New York market and the dollar-yen exchange rate. Gold was reported at $3,875.84 per troy ounce, the dollar-yen rate at ¥157.48, and platinum at $1,436.00. The gold outlook reflects changes from the levels at 10:00 on Friday: gold down 3.23%, platinum down 3.45%, and the yen down 0.08% against the dollar.
A feature on the diamond market reviews how smaller stones are more susceptible to the impact of supply, while larger stones remain stable because of their scarcity. Recent examples from September RAPI data show 0.30-carat stones up 3.2%, 0.50-carat stones up 2.5%, 1-carat stones up 0.3%, and 3-carat stones up 1.5%. The feature points out that the way the market is assessed changes depending on the carat size at hand.
Key events this week include delays in the release of economic data due to the United States switching to winter time, the ISM Manufacturing Index, the US midterm elections, the ADP employment report, and the October employment report. These developments may affect gold prices.
In diamond market trends, September data from Rapaport indicate that smaller stones have tended to post higher rates of increase. The continuing trend relative to the previous day is uncertain, but reports indicate that changes in overall market supply and demand differ between smaller and larger stones.