Category Archives: Gold Market

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Gold Rallies Back Above $1,250/oz

July 21st, 2017 by

Friday morning was a resounding win for the precious metals, which have been gradually climbing off of last week’s lows for the past several trading sessions. Gold prices rose 0.6% at the opening bell in New York, rallying to $1,252 per ounce, a fresh three-week high. Spot silver posted even more impressive gains, adding 16¢ […]

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Spot Gold Slips Slightly on Thursday

July 20th, 2017 by

After slipping when markets opened on Thursday, the gold price rebounded to just below unchanged at $1,240/oz this morning, losing less than a dollar. The U.S. dollar was similarly about 0.1% in the red this morning, erasing steep overnight gains after a significantly lower number of weekly jobless claims numbers were reported. Spot silver lost just […]

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Gold Price Recovers Early Losses

July 19th, 2017 by

On Wednesday morning, spot gold recovered from negative territory, poking its nose back above $1,242.50 per ounce to trade near a three-week high. The persistent slump for the U.S. dollar has no doubt helped the precious metals, but it’s also providing some support for higher stock prices given the benefit a weaker currency poses for […]

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Weaker Dollar Helps Lift Gold Price

July 18th, 2017 by

The precious metals were higher again on Tuesday, buoyed by a continued slump for the U.S. dollar. Spot gold was trading above $1,240/oz this morning, more than 0.5% in the green. The Platinum Group Metals were slightly above unchanged. Spot silver added 11¢ (almost 0.7% higher) to reach $16.19/oz.

pile-of-gold-rally

Gold Rallies to 2-Week High

July 17th, 2017 by

After threatening to tumble to fresh lows for much of the last two weeks, the precious metals carried over their rally from Friday and traded solidly higher again on Monday. Spot gold was up almost $6 an ounce this morning to $1,234.30/oz, or roughly 0.5% higher. This marks a two-week high for the yellow metal. […]

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Spot Gold Higher, June CPI Flat

July 14th, 2017 by

Gold prices were up sharply on Friday morning after the latest inflation numbers from the Labor Department are expected to show no growth during the month of June. Spot gold traded nearly $13 per ounce higher (+1%) to $1,231/oz, its highest since before the 4th of July holiday.

Fed Chair Janet Yellen testifying before Congress (photo: Federal Reserve)

Gold Gains On Yellen Speech

July 12th, 2017 by

Gold prices saw an immediate, moderate jump in early trading this morning, as the prepared remarks of Federal Reserve head Janet Yellen were released to the press. Her statements that the Fed would stop raising rates before they reached pre-crisis levels was taken as an unexpectedly dovish stance by traders.

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Gold Bounces Off Lows

July 11th, 2017 by

With market conditions still appearing bearish for gold, the yellow metal managed to rebound from its overnight lows. Around 9:45 am ET, spot gold was trading at $1,211.50 an ounce in New York while spot silver was up 2¢ to $15.66/oz. Both platinum and palladium each lost a little ground in early trading, bringing the […]

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Gold Price Steady Near 4-Month Low

July 10th, 2017 by

As second-quarter earnings on Wall St are beginning to be reported, U.S. markets opened mixed on Monday. The precious metals fared worse, though spot gold was down just 0.2% to $1,210/oz this morning. Meanwhile, spot silver continued to tumble, losing almost 2% to trade 30¢ per ounce lower at $15.27/oz. Platinum and palladium each lost […]

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Gold Sinks on Nonfarm Payrolls

July 7th, 2017 by

A far better-than-expected nonfarm payrolls report by the Department of Labor this morning sent the precious metals tumbling yet again on Friday. Spot gold sank all the way down to $1,217/oz, its lowest in nearly four months, while spot silver lost 1.5% to trade below $15.80/oz. Platinum and palladium were each down slightly less than their […]

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Gold Price Rebounds After ADP Payrolls

July 6th, 2017 by

After sinking in overnight trading, the gold price rebounded enthusiastically on Thursday morning following the release of the ADP private payrolls just before markets opened in New York. The yellow metal was down just $1 this morning to recover from its earlier losses. Spot silver was still down about 8¢ per ounce, sliding nearly 0.5% […]

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Precious Metals Continue to Slide

July 5th, 2017 by

Following the 4th of July holiday, the precious metal prices continued a slump that dates back to last week but became especially dramatic on Monday. Spot gold only slipped about 0.1% this morning before turning positive to move back above $1,220/oz, recovering slightly from its lowest level in over three months. Meanwhile, spot silver was down […]

dollar rally

Gold Price Sinks on Strong Dollar

July 3rd, 2017 by

A rebound for the U.S. dollar helped push gold prices lower when markets opened on Monday, as the precious metal all lost ground in early trading. Spot gold fell below $1,230 an ounce after losing 1%, while spot silver tumbled even farther, losing 2% to slip below $16.30/oz. Platinum and palladium gave up 1.7% and […]

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Gold Price Slips Modestly Lower

June 30th, 2017 by

Friday morning saw the precious metal slip just a bit lower when markets opened in New York. Spot gold was down about $4 per ounce to $1,241/oz while spot silver rebounded from a loss of 5¢ (-0.3%) to trade a notch higher at $16.60/oz. Platinum was actually $5 per ounce higher (+0.5%), but palladium fell the […]

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Gold Dips on Central Bank Chatter

June 29th, 2017 by

Amid a cacophony of comments and musings by important figures in central banking around the world this week, both the U.S. dollar and gold prices slumped on Thursday morning. Spot gold fell about 0.66% to just above $1,240/oz, ceding all of the ground it had made up over the last five trading days. Meanwhile, silver […]

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Choppy Action for Gold Price

June 28th, 2017 by

Wednesday morning saw up-and-down trading for spot gold during the early hours of the session. The gold price was bouncing around $1,251/oz, up about 0.3% by 9:45 am EST. Meanwhile, spot silver was 10¢ per ounce higher, adding 0.6% to trade just north of $16.70/oz.

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Gold Price Down Sharply to Begin Week

June 26th, 2017 by

The precious metal markets opened sharply lower on Monday morning, with gold prices off more than $10 per ounce, trading 1% lower at $1,244/oz. Spot silver was down more than 0.6% to fall below $16.60/oz. The Platinum Group Metals were off by slightly more than silver.

pile-of-gold-rally

Gold Price Higher, Dollar Weaker

June 23rd, 2017 by

With the dollar trending slightly lower on Friday morning, spot gold opened above $1,256 per ounce, adding 0.5% in early trading. Spot silver rose by an even wider margin, gaining 1.15% to trade above $16.70/oz.

charting gold price

Gold Rises Amid Choppy Trading

June 22nd, 2017 by

Thursday saw some choppy action for the gold market after the precious metals were again trending higher following last session’s gains. After undulating in early morning trading, spot gold is back 0.5% above unchanged around $1,253 per ounce. Spot silver was also higher, adding to 0.85% to approach $16.60/oz.