Category Archives: Gold Market

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.

Spot Gold Dips Near $1,340 On Tax Day Tuesday

April 17th, 2018 by

The precious metals were mixed at Tuesday’s opening bell as investors seemed less risk averse amid strong Wall St earnings. Spot gold fell about 0.3% (-$4) to $1,341 per ounce in early trading. However, the silver price was up 5¢ (+0.3%) to about $16.70/oz. Platinum ($928/oz) and palladium ($995/oz) each showed virtually no movement.

Steady Sailing for Gold Price Amid Earnings Season

April 16th, 2018 by

The gold price opened just above unchanged (+0.3%) at $1,349/oz on Monday. Investor focus was trained squarely on corporate earnings from the first quarter. Platinum was likewise slightly higher at $933/oz. The other metals fared better. Spot silver was up 0.65% (+11¢) to $16.73/oz, its highest in close to two months. Palladium rallied another 1.6% […]

Gold Continues Choppy Trading to End Week

April 13th, 2018 by

Markets weren’t spooked by the arrival of Friday the 13th as global stocks traded higher this morning. Action has continued to be up-and-down for the precious metals. The gold price rose nearly $10 (+0.7%) to $1,344 per ounce on Friday.

Inflation Data, Syria Tensions Send Gold Higher

April 11th, 2018 by

Spot gold jumped on Wednesday, rallying nearly 1% (+$13) to $1,352/oz, a two-week high. Most analysts attributed the rally to rising tensions in Syria and the latest inflation data in the U.S. Each of the other precious metals added about 0.9%. Spot silver gained 16¢ to trade above $16.70/oz. Platinum and palladium were roughly trading […]

Gold Price Sees Slight Uptick on Tuesday

April 10th, 2018 by

The precious metals moved higher this morning despite a surge in risk appetite among investors. Gold prices opened modestly in the green (+0.25%) at $1,339 per ounce. Spot silver was up 7¢ (+0.45%) to right around $16.55/oz. Palladium jumped for the second straight session, gaining 1.9% (+$18) to about $945/oz. Meanwhile, platinum was just below […]

charting gold price

Gold Bounces Overnight on Geopolitical Tensions

April 9th, 2018 by

Even as fears of an immediate trade war with China are subsiding, geopolitical strife in the Middle East drove investors back into gold on Monday. Spot gold was unchanged at $1,332/oz in early trading after a V-shaped rebound from overnight losses. The silver price was also basically flat at $16.39/oz.

Gold Price Holds Around $1,330 as Payrolls Slump

April 6th, 2018 by

A particularly disappointing employment report for March sent stocks sharply lower on Friday morning. The precious metals were modestly higher. Spot gold was up modestly (+0.4%) to $1,331/oz. Spot silver rose 0.25% (+4¢) to about $16.40/oz. Platinum and palladium were mixed, trading at $914/oz and $900/oz, respectively. It’s the first time platinum has traded above […]

Precious Metals Pull Back as Market Anxiety Stays Muted

April 5th, 2018 by

The gold price slid overnight amid a strong recovery for stocks on Wednesday. Gold traded around $1,325 per ounce this morning after futures closed at $1,340/oz yesterday. Spot silver reversed direction to $16.37/oz, a gain of 0.25% (+4¢). Platinum and palladium continued their slump, as each metal dropped below $915/oz.

stock market flash crash

Stocks Plunge on Trade Yet Again, Gold Rebounds

April 4th, 2018 by

Seemingly escalating global trade tensions sent financial markets into fresh turmoil on Wednesday. Gold benefited from the flight to safe havens. Spot gold rebounded 0.6% (+$8) to $1,340/oz. It traded as high as $1,347 earlier in the session. Concerns about how trade skirmishes could negatively effect industry dampened prices for silver and the PGMs, however. […]

Gold Looks to Consolidate Gains After Stock Selloff

April 3rd, 2018 by

The gold price ticked slightly lower on Tuesday after a swift decline for the stock market to start the second quarter. Gold traded $6 lower (-0.5%) to about $1.334/oz when markets opened this morning. Spot silver gave back 14¢ (-0.9%) to fall to $16.45/oz.

Spot Gold Rises as Trade Tensions Resurface

April 2nd, 2018 by

Financial markets faced another difficult day on Monday as China followed through on threats to retaliate against U.S. tariffs. Amid these tensions, the precious metals got a boost. Spot gold was up 0.6% (+$8) to $1,333/oz while futures pointed higher. Spot silver surged 1.3% (+21¢) to $16.55/oz. Platinum traded unchanged at $930/oz yet palladium was […]

Gold Last Trades at $1,325, Markets Closed for Good Friday

March 30th, 2018 by

Nearly all financial markets in the West are closed for Good Friday today. This includes the gold spot market. It last finished essentially unchanged at $1,325/oz yesterday. Futures markets for commodities were also closed on Friday. The June contract for gold was flat at about $1,330 per ounce.

Precious Metals Stabilize Thursday After Rout

March 29th, 2018 by

A rejuvenated U.S. dollar and regular market consolidation sent the gold price lower yesterday. Spot gold held steady at $1,323/oz this morning, stabilizing after a selloff on Wednesday saw prices plunge by about $20 per ounce. The other precious metals likewise steadied on Thursday. Spot silver was off about 0.2% (-3¢) to $16.25/oz. Platinum ($935/oz) […]

Gold Price Consolidates While Tech Sector Stumbles

March 28th, 2018 by

Gold prices continued to consolidate on Wednesday amid a slew of new economic data and an uneven performance for equities. Spot gold tumbled about $10 (-0.75%) to $1,335 per ounce this morning. Spot silver lost 15¢ (-0.9%) to $16.35/oz. Platinum slipped 0.5% to $935/oz while palladium held steady at $970/oz.

trade wars

Easing Trade Tensions Lifts Markets, Leaves Gold Unchanged

March 26th, 2018 by

Stocks recovered on Monday, erasing some of their steep losses to end last week. Markets were hopeful about an easing of trade tensions between the U.S. and China. This wasn’t accompanied by a selloff in the precious metals, however. Spot gold held steady just above $1,353 per ounce, up about $7 (+0.5%). The yellow metal […]