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.
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 […]
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.
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.
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% […]
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.
The precious metals saw selling pressure this morning after a strong performance on Wednesday. Spot gold stumbled 1.0% (-$13.50) on Thursday morning, trading at $1,340/oz. The silver price also fell by 1.0% (-17¢) back to about $16.50/oz.
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 […]
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 […]
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.
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 […]
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.
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. […]
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.
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 […]
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.
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 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.
Global equities followed Wall St higher on Tuesday while the gold market saw some profit-taking.
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 […]