Gold

A reserve asset as much as a commodity, moved by central bank buying, interest rates and investment demand.

3,994.9

USD/oz, −4.1% on the week

Gold, indicative, week of October 23, 2026. Source: Commodities-API (commodities-api.com), indicative prices.

52 weeks of Friday closes

3,5004,0004,5005,0005,500NovJanMarMayJulSep
Gold, weekly closes, USD/oz. From 4,002.9 to 3,994.9 USD/oz, between 2025-10-31 and 2026-10-23.
Week
−4.1%
13-week range
3,994.9 to 4,602.4
52-week range
3,994.9 to 5,270.7
Over the year
−0.2%
Matters to
North America, South America, Europe, Gulf, Asia

Where Canada sells it

Gold: C$72.3 billion of Canadian exports in the 12 months to August 2026, 93% of it outside the United States.

Source: Statistics Canada, Canadian International Merchandise Trade Web Application (catalogue 71-607-X), domestic exports, by destination.

Largest buyers outside the United States

Largest buyers of Canadian gold outside the United States, 12 months to August 2026
United KingdomC$61.4 billion
SwitzerlandC$2.8 billion
NetherlandsC$1.5 billion
Hong KongC$1.1 billion
South KoreaC$76 million
United Arab EmiratesC$59 million

Selling, buying or financing gold?

Our retainer clients get this reading built around their own commodities and regions, with a principal on call. The Friday Close covers it every Friday.

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