With the big announcement about the future pace of stimulus from the European Central Bank (ECB) grabbing headlines on Thursday morning, the stronger U.S. dollar knocked gold prices from a high of $1,282/oz early this morning to about $3 down to $1,273/oz. Spot silver lost 4¢ to $16.89/oz. Platinum traded just below unchanged at $920/oz […]
Wednesday looked to be another tough trading session for the precious metals as safe havens have been losing investor appeal across the board. Spot gold was down $3 this morning to just $1,273/oz, approaching a three-week low. The silver price slipped 5¢ (-0.3%) to $16.86/oz. Meanwhile, platinum was down 0.75% to about $915/oz and palladium […]
The precious metals regained some ground on Monday afternoon after slipping at the open of the session. The pattern seemed to repeat itself on Tuesday morning, as the gold price was off its lows of $1,272/oz. By about 10 am ET, spot gold was still down $5 to $1,277/oz but had previously traded as high […]
Monday morning saw the spot gold price fall to more than a two-week low, sliding 0.6% to $1,272/oz. Silver prices similarly lost 0.8% to trade around $16.86/oz. The story was the same with the Platinum Group Metals, as platinum lost $7 to hit $914/oz and palladium shed $10 (-1%) to $954/oz.
After the Trump administration and GOP’s tax reform effort cleared a procedural hurdle in the Senate on Friday morning, the optimism among investors sent spot gold down $7 per ounce (-0.55%) to $1,282/oz. Spot silver lost 7¢ to $17.16/oz. While platinum slipped about $2, palladium once again charted the opposite path from the other precious […]
Spot gold posted a modest rebound on Thursday morning, thanks in part to a weaker U.S. dollar. The yellow metal added $6 (+0.5%) to trade back at $1,287/oz, an encouraging sign for bulls after it looked like gold might test support at $1,270/oz and below. Spot silver gained 5¢ this morning to $17.02/oz. Platinum added […]
Negative momentum for the precious metals carried over into Wednesday, as gold prices tumbled below $1,280 per ounce in early trading. Spot silver was down 0.4% this morning to $16.93/oz. Palladium fell by about 0.5% while platinum posted the steepest losses, sinking almost 1.2%.
Spot gold plunged in early trading on Tuesday, carrying over the trend that emerged on Monday afternoon when the yellow metal lost considerable ground. Gold prices traded down nearly $10 per ounce to $1,285/oz. Spot silver was likewise deeply in the red, losing 17¢ (-1%) to trade around $17.04/oz.
The precious metals have virtually reversed all of their losses from September, as gold prices are trading at a three-week high around $1,305/oz on Monday morning. After bumping up against the $1,300-per-ounce mark as resistance for the better part of two weeks, this milestone appears to have flipped to support. Both spot silver and platinum […]
Gold prices shot above $1,300 an ounce this morning on renewed worries over low inflation. Precious metals across the board were higher, as weak CPI numbers for September pulled the rug from under the dollar. Persistently low inflation has markets worried that the Fed may decide to push back the “slam dunk” interest rate hike […]
After trading as high as $1,296/oz (a two-week high) on Thursday morning, gold prices were just above unchanged at $1,292/oz. Spot silver similarly was a tick above unchanged. Interestingly, during yesterday’s trading session, both gold and silver rose by the exact same proportion (0.29%) that the U.S. dollar fell. Platinum gained 0.5% early this morning […]
The markets were calm for the most part on Wednesday morning as traders were hesitant about making any big moves before today’s release of the most recent FOMC meeting minutes. Spot gold is approaching $1,290/oz this morning while spot silver was up 0.2% to $17.14/oz. Platinum was essentially flat, but palladium jumped 1.7% to $943/oz, […]
After posting solid gains on Monday, the precious metals were once again trading in positive territory on Tuesday morning. This was due largely to a weaker U.S. dollar, finally putting the brakes on a nearly month-long trend of the greenback getting stronger. Spot gold added $5 per ounce (+0.4%) to nearly $1,290/oz, slightly off of […]
Spot gold rose modestly when markets opened this morning, adding about $4 per ounce (+0.3%) to $1,280/oz, although the yellow metal traded as high as $1,285/oz earlier in the session. Monday is a bank holiday in the U.S. due to observance of Columbus Day, so there will be no trading of Treasurys today. Wall St […]
The precious metals struggled to find their footing as markets opened on Friday. After failing at its 100-day moving average on Thursday and giving up previous gains on the day, spot gold slid to a two-month low this morning, trading 0.2% lower to about $1,265/oz. Spot silver was down 2¢ per ounce to $16.56/oz.
Even as stocks looked to climb higher, the precious metals were modestly in the green during early trading Thursday. Spot gold trended slightly into positive territory, gaining $2 per ounce to just above $1,277/oz. Platinum was virtually flat at $912/oz but palladium added $5 (+0.55%) to $921/oz. Meanwhile, the silver price added roughly 1% to […]
Before all of Wednesday morning’s slate of economic data was released, spot gold was trading above $1,275/oz, up about $4 per ounce, after falling from earlier highs above $1,280/oz. Spot silver was roughly 0.15% higher to $16.65/oz while platinum and palladium were mixed, virtually in parity with one another at about $910/oz.
The gold market was holding in place during early trading on Tuesday, finding solid footing after more than a week of downward movement. Spot gold was unchanged at $1,270/oz this morning, while the silver price added 5 cents (+0.27%) to cross back above $16.60/oz. Platinum and palladium were each down just $2 this morning. After […]
Gold prices were rebounding Monday morning, in part due to some temporary save-haven flight in the immediate aftermath of the horrific shooting in Las Vegas last night.
The spot gold price rose—and failed at resistance —in the $1,290 per ounce range this morning, falling back to about unchanged at $1,286/oz. Gold appears unlikely to break back above the strong resistance seen at $1,290/oz before today’s session closes. In addition to looking forward to the weekend, today is also the final trading day […]