Category Archives: Gold Market

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Spot Gold Trades Near $1,290/oz

August 23rd, 2017 by

Wednesday morning saw the gold price once more hit $1,290/oz, advancing again thanks to a softer U.S. dollar. The same principle applied to the other precious metals, as silver prices added 6¢ to trade back where the argent metal started on Tuesday morning around $17.05/oz. Platinum and palladium were up slightly, trading at $980/oz and […]

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Gold Slips on Stronger Dollar

August 22nd, 2017 by

Thanks to a stronger dollar, gold prices trended lower during early trading on Tuesday, losing about $5 per ounce to $1,286/oz. This is likely a necessary breather for the markets, as the dollar has been stuck in a downtrend for the past three weeks. This has naturally coincided with higher precious metal prices. Spot silver […]

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Precious Metals Higher in Early Trading

August 21st, 2017 by

The precious metals resumed their climb when markets opened on Monday after heavy profit-taking cut short last week’s rally. Spot gold rose more than $7 per ounce in early trading to $1,292/oz, while silver prices moved about 15¢ higher to $17.09/oz. Platinum was up 0.7% to $984/oz and palladium gained 1.4% to $927/oz.

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Gold Price Higher After Terror in Spain

August 18th, 2017 by

After posting modest gains on Thursday amid a market sell-off in stocks, the precious metals were sharply higher on Friday. Some of the safe-haven flight is due to a terrorist attack in Barcelona yesterday that left at least a dozen dead and many more injured. A second plot was apparently foiled before inflicting further damage. Spot […]

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Dovish Central Banks Lift Gold

August 17th, 2017 by

Following yesterday’s meeting minutes released from the July gathering of the FOMC, the European Central Bank (ECB) also struck a more dovish tone in its outlook for interest rates and monetary policy. This more dovish stance signals to investors that major central banks are considering leaving accommodation in place for longer, which is not an […]

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Gold Price Choppy as Risk Appetite Rises

August 16th, 2017 by

Wednesday morning saw some volatile trading in the gold market, as gold prices fell early in trading before recovering to about unchanged when trading began in New York. Spot gold settled just north of $1,272 per ounce while spot silver gained 1.2% (+20¢) to about $16.82/oz. Platinum gained 0.8% while palladium added about 1.5%.

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Gold Moves Sharply Lower on Profit-Taking

August 15th, 2017 by

Following a strong rally last week as the world appeared to be flirting with an unthinkable nuclear conflict, the precious metals sank to begin the week. It seems traders are aggressively taking profits thanks to the run-up in gold prices, especially now that tensions on the Korean Peninsula are slowly but surely cooling off.

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Spot Gold and Dollar Slip On Friday

August 11th, 2017 by

Both the precious metals and the U.S. dollar were down in early trading on Friday morning. The latter continued to be dragged down by a stronger euro and Japanese yen, while the former were shedding some of the impressive safe-haven demand that accumulated this week. Spot gold was down more than $4 per ounce when markets […]

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Gold Surges On Producer Prices, North Korea

August 10th, 2017 by

In addition to the rising tensions between the United States and North Korea, markets were also responding—negatively—to some disappointing economic data points from the U.S. Labor Department on Thursday morning. This drove gold prices significantly higher in early trading. The yellow metal jumped above the $1,280 mark to $1,286.30/oz. Spot silver also surged 27¢ to […]

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Gold Jumps On North Korea Tensions

August 9th, 2017 by

The initial reaction to President Trump’s bellicose statement about unleashing “fire and fury like the world has never seen” against North Korea was subdued on Tuesday afternoon. However, the narrative began to take fuller shape when it was revealed that intelligence agencies believe the rogue regime in Pyongyang has successfully miniaturized a nuclear warhead that […]

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Spot Gold Advances Amid Low Volatility

August 8th, 2017 by

Tuesday morning saw the precious metals build off of the positive momentum from the end of yesterday’s trading session. Spot gold gained a third of a percent, or $4.10 per ounce, to trade at $1,261.40/oz in New York. Silver prices added 11¢ (+0.7%) to return to $16.37/oz. The argent metal has been by far the […]

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Gold Price Opens Modestly Lower

August 7th, 2017 by

The precious metals opened mostly lower to begin the second week or August. Gold prices trickled lower to about $1,256.50/oz after losing much more ground during Friday’s trading session. It seems that the gold market is still smarting from last week’s jobs numbers. Spot silver lost about 0.5% (-8¢) to fall to $16.16/oz. The Platinum Group Metals were […]

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Gold Tumbles on NFP Beat

August 4th, 2017 by

The big story driving markets on Friday was this morning’s nonfarm payrolls for the month of July, which came in well above expectations. This helped the dollar, pushing spot gold significantly lower by about $13 per ounce, as the yellow metal held above $1,254/oz in early trading. Spot silver lost a whopping 45¢ (-2.70%) to fall […]

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Gold Price Rebounds From Overnight Dip

August 3rd, 2017 by

For the second straight morning, the gold market withstood a bout of profit-taking that sent prices sharply lower as trading opened in New York. On both occasions, the precious metals managed to claw back their losses. Spot gold fell as low as $1,260/oz overnight before recovering to about unchanged at $1,266/oz. Silver prices were about 5¢ […]

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Spot Gold Recovers from Morning Hiccup

August 2nd, 2017 by

With much of the attention of the markets trained squarely on stocks and quarterly earnings, gold prices remained essentially unchanged again on Wednesday after being down ever so modestly on Tuesday. This did not come without its momentary intrigue: spot gold dipped several dollars per ounce in a matter of minutes immediately following the release […]

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Gold Braces for Economic Data Dump

August 1st, 2017 by

Precious metals are bracing for a long list of economic data this morning, as gold prices are down slightly from six-week highs. There has been some mild profit taking by traders early today ahead of the full slate of economic reports. Spot gold is down three dollars to $1,266 an ounce, and spot silver has […]

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Gold Price Volatile In Early Trading

July 31st, 2017 by

After an upbeat performance last week, the precious metals looked to pick back up where they left off on Monday. While spot silver gained 7¢ (+0.4%) to trade above $16.80/oz, the gold price was much more volatile, bouncing up and down between $1,265/oz and $1,270/oz during early morning trading.

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Spot Gold Higher Again on Friday

July 28th, 2017 by

The precious metals opened in positive territory to begin Friday’s trading session. Spot gold jumped as high as $1,266/oz this morning before paring its gains to currently trade at $1,262.70 per ounce. Spot silver added 4¢ to return to $16.60/oz. Platinum posted modest gains (+$4) while palladium went the opposite direction, falling by roughly the […]

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Gold Price Rises to 6-Week High

July 27th, 2017 by

The precious metals were higher again on Thursday, vaulting gold prices to a six-week high. Spot gold was about 0.2% higher in early trading, hovering around $1,262.60/oz. In fact, the last time the yellow metal traded above $1,260 an ounce was in mid-June. Spot silver surged even higher, adding 0.8% (+13¢) to trade at $16.77/oz. This […]

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Spot Gold Moves Slightly Lower

July 26th, 2017 by

Wednesday morning was largely uneventful for the precious metals, as prices held very close to where they closed on Tuesday. Spot gold lost less than 0.2% this morning, and is still trading near $1,248 per ounce. Spot silver was also essentially flat, shedding just 1¢ to $16.47/oz. Platinum was slightly lower while palladium actually poked […]