Category Archives: Gold Market

Stocks Struggle to Rebound While Gold Hovers Near 5-Month Low

May 18th, 2018 by

Yesterday saw spot gold close completely unchanged, holding at $1,290 an ounce. The yellow metal touched fresh five-month lows Friday morning. Gold slipped 0.15% to $1,288/oz in early trading. Meanwhile, the silver price wiped out most of the previous day’s gains. The argent metal lost 5¢ (-0.35%) to $16.34/oz. Platinum was down 0.9% (-$8) to […]

Spot Gold Trades Flat at Wednesday’s Open

May 16th, 2018 by

Spot gold traded just above yesterday’s close at $1,291/oz after reaching as high as $1,296 overnight. The silver price was also slightly above unchanged (+0.2%) at $16.28/oz. Palladium pared its losses by the end of Tuesday’s session and moved modestly higher this morning to $983/oz. Platinum dipped $5 (-0.55%) to about $890/oz, its lowest in […]

Precious Metals Plunge as Treasurys and Stocks Also Sell Off

May 15th, 2018 by

A strong rebound for the U.S. dollar sent gold, stocks, and bonds all much lower on Tuesday. The gold price plunged to start Tuesday’s session, down more than 1.6% (-$21) to $1,292/oz, its lowest in roughly seven months. Traders will be watching to see if gold closes below the important support level of $1,300. Spot […]

stock market

Gold Inches Higher in Choppy Trading

May 14th, 2018 by

Gold saw volatile action on Monday but stayed in a fairly tight trading range. Spot gold was up modestly (+0.2%) to about $1,320/oz. However, spot silver lost 4¢ (-0.25%) to $16.60/oz.

Precious Metals Up Again as Dollar Pulls Back

May 11th, 2018 by

The gold price crept upward to about $1,324/oz Friday morning, rising $3 (+0.2%). Each of the other precious metals was also higher. Spot silver gained 10¢ (+0.6%) to $16.78/oz. Platinum was steady around $925/oz while palladium added $5 (+0.5%) to reclaim $1,000/oz.

Gold Jumps Back Near $1,320 After Jobs, CPI Data

May 10th, 2018 by

Spot gold opened near $1,320/oz this morning following a pair of reports from the Department of Labor. Gold traded $6 higher (+0.45%) to $1,318 per ounce by about 10 am EST. The silver price outpaced gold on dollar weakness, rallying 1.1% (+19¢) to $16.65/oz.

Spot Gold Rebounds Overnight Following Iran Deal Exit

May 9th, 2018 by

Spot gold was mostly unchanged Wednesday morning at $1,314 per ounce, but the yellow metal was up sharply from its overnight lows around $1,304. Spot silver added 13¢ (+0.8%) to $16.57/oz. Palladium gained 0.6% (+$6) to about $970/oz while platinum was flat at $914/oz.

Gold Price Fades Ahead of Iran Decision

May 8th, 2018 by

Bond yields and oil prices fluctuated this morning as investors focused on the imperiled status of the Iran nuclear deal. Still, spot gold sank 0.6% lower (-$7.50) to about $1,306 an ounce on Tuesday thanks to a stronger dollar. The silver price held above $16.30/oz, losing 13¢ (-0.8%).

Rising Dollar Keeps Downward Pressure on Gold and Silver

May 7th, 2018 by

The precious metals were mixed on Monday, but both gold and silver dipped due to a strong dollar. The gold price was down 0.25% (-$3) to $1,312/oz at the opening bell. Spot silver slipped 8¢ (-0.5%) to $16.42/oz. However, platinum (+0.3%) and palladium (+1.1%) each traded higher in early action.

charting gold price

Precious Metals Flat After Nonfarm Payrolls Disappoint

May 4th, 2018 by

Gold finally broke a three-day losing streak on Thursday. However, spot gold opened flat at $1,310/oz in choppy trading for the yellow metal this morning. The silver price was likewise flat, opening around $16.40/oz. Platinum dipped 0.2% to $900/oz even. Meanwhile, palladium was near unchanged at $960/oz.

Gold Rebounds as Jobless Claims Rise Slightly

May 3rd, 2018 by

With no move from the Fed yesterday, markets turned their focus to the latest labor and trade data. Spot gold climbed about $10 (+0.75%) on Thursday morning to trade above $1,314/oz. Each of the other precious metals also posted gains.

Gold Price Slumps to Four-Month Low

May 1st, 2018 by

The gold price was down again to $1,306/oz on Tuesday, sliding 0.6% (-$8). A stronger U.S. dollar provided most of the downward pressure on the precious metals. Spot silver opened off about 0.5% (-9¢) to $16.21/oz. Platinum lost $8 per ounce (-0.9%) to slip below $900/oz. Palladium fell by almost 1.6% (-$15) to trade at […]

Gold Futures Hold Near $1,320/oz After Mixed Manufacturing Data

April 26th, 2018 by

Markets around the world saw little movement amid a slew of important data on Thursday. Action for the precious metals was similarly muted. The gold price dipped 0.5% in early trading, holding above $1,316/oz. COMEX gold futures were just barely lower around $1,321 per ounce. Spot silver was off 12¢ (-0.7%) to $16.40/oz.

Stocks Fall On Bond Market Jitters, Dollar Drags Gold Lower

April 25th, 2018 by

Despite ongoing struggles for equities, a persistent rally for the U.S. dollar sent gold prices down sharply Wednesday. Spot gold hit a four-week low below $1,320 an ounce, losing 0.75% (-$10). Losses were seen across the board for the precious metals. The silver price was likewise down 0.9% (-16¢), falling to nearly $16.50/oz. Platinum slid […]

Gold and Silver Hold Steady After Wall St Earnings Beat

April 24th, 2018 by

Spot gold opened 0.3% above unchanged at $1,328/oz after inching slightly higher during after-hours trading. Gold futures held near a five-week low. The silver price was also modestly higher (+0.5%) near $16.66/oz. Platinum was largely flat at $924/oz. Meanwhile, palladium continued its slump, losing $11 (-1.1%) to $965/oz.

balance of gold and dollar

Gold Price Tumbles As Dollar Rallies, Bonds Fall

April 23rd, 2018 by

The precious metals suffered steep losses on Monday thanks to a stronger U.S. dollar. Gold prices fell by 1.0% (-$13) to trade below $1,322/oz. Spot silver was off 2.7% (-46¢) to $16.63/oz. Palladium was also slammed lower, plunging $49 per ounce (-4.8%) to $970/oz. Out of the four precious metals, platinum fared the best, sliding […]

Lack of Fresh News Sends Gold and Silver Lower

April 20th, 2018 by

Traders responded to a slow news day with less enthusiasm for the precious metals. Spot gold slipped 0.65% (-$9) on Friday morning, trading a shade below $1,337/oz. The silver price also fell 0.6% to about $17.12/oz. Platinum was off 0.75% to $927/oz while palladium moved 0.2% lower to $1,022/oz.

Gold Pares Early Losses, Global Bonds Tumble

April 19th, 2018 by

The gold price saw a bit of consolidation on Thursday morning. Spot gold cut earlier losses to trade down just 0.1% at $1,348 per ounce. Spot silver followed up yesterday’s big rally by gaining another 11¢ (+0.65%) to $17.30/oz. The Platinum Group Metals were also mixed. Palladium dipped 0.4% (-$4) to $1,025/oz and platinum was […]

Commodities Surge Midweek Despite Flat Dollar

April 18th, 2018 by

A slew of geopolitical developments drove commodity prices higher on Wednesday, including the precious metals. The gold price moved back above $1,350, adding $5 (+0.35%) to $1,352/oz. Spot silver broke above $17 per ounce for the first time in two months, jumping 44¢ (+2.6%) to $17.20/oz.