Gold steady despite this morning’s jobs data that shows a surprising surge for February. The yellow metal rose early Friday, heading for its best week since May, as the Russian invasion of Ukraine escalated and investors sought out safe-haven assets. Continue reading →
Gold slips early Wednesday as palladium climbs, extending a seven-month high, on the worsening conflict between Russia and Ukraine. Continue reading →
Gold and palladium rally early Monday on Ukrainian news. Headlines from the invasion worsened over the weekend, with Western powers imposing new sanctions on Russia and Russian President Vladimir Putin putting Russia’s nuclear force on high alert. Continue reading →
Gold slips after surging on Ukraine headlines. It retreated early Friday after settling Thursday to its highest level in more than 13 months. The rally, sparked by Russia’s invasion of Ukraine, came off its highs after U.S. President Joe Biden and other world leaders announced a series of extensive sanctions on Russia and Russian elites in response to the invasion. Continue reading →
Gold rally cools but sticks near $1,900 an ounce as risk appetite starts to fight with fears over mounting tensions between Russia, Ukraine and western powers. Higher U.S. Treasury yields curbed also challenging the yellow metal. Continue reading →
Gold steady near $1,900 threshold, as investors anticipated a summit on Ukraine between U.S. President Joe Biden and Russian President Vladimir Putin. The yellow metal hit, then slipped from an eight-month high it hit in early session trading. Continue reading →
Gold slips early Friday after crossing $1,900-an-ounce threshold in the previous session amid escalating tensions between Russia and Ukraine. The yellow metal looks headed to its third straight weekly rally. Continue reading →
Gold sticking near $1,860 an ounce, despite the easing of tensions between Russia and Ukraine on Tuesday. The yellow metal steady after this morning’s U.S. retail sales report showed a solid jump in January as investors await this afternoon’s Fed minutes. Continue reading →
Gold hits three-month high early Monday as escalating tensions between Russia and Ukraine made an armed conflict between the two countries more likely. Continue reading →
Gold drops early Friday on rate hike speculation sparked by hawkish comments from a Federal Reserve official after Thursday’s U.S. inflation report indicated a large interest-rate increase was pending. Continue reading →
Gold steady ahead of inflation report, inching toward a two-week high early Wednesday as investors awaited Thursday’s U.S. inflation data for January and bond yields dip. Continue reading →
Gold rises on inflation fears, touching over a one-week high early Monday as the dollar weakened. Continue reading →
Gold holding above $1,800 after dipping slightly on the surprising January jobs report revealing a much stronger economy picture than expected after the omicron wave. Continue reading →
The Dallas Metroplex and much of the Eastern half of the United States is experiencing a severe Winter storm. Federal Express provided an alert stating that due to the freezing rain and icy roads there have been significant interruptions in service at their Memphis and Indianapolis distribution hubs. This weather has also caused the cancellation of pick-ups and deliveries in Dallas. Additionally, UPS is likely to experience a reduction in service during this weather event.
Please be aware that you will likely see no movement in packages within this region for a few days.
Thank you for your understanding.
Gold sticking above $1,800, back above that line after some early Wednesday profit taking following a two-day rally. The yellow metal is entrenched in this range, supported by a weaker dollar, as investors await Federal Reserve moves on monetary policy. Continue reading →
Gold once again nears $1,800 on bargain hunting as investors buy the dips. The yellow metal looks headed for its worst month since September, as the dollar strengthened, and new inflation data released Friday reinforced the Fed’s inclination to tighten monetary policy and raise interest rates. Continue reading →
Gold down as dollar roars on the near certainty that the Federal Reserve would raise interest rates at its next meeting. The dollar index hit its highest point since July 2020 in early morning trading. Continue reading →
Gold slips from near two-month high Wednesday ahead of a Federal Reserve announcement expected to indicate an escalated pace of monetary policy tightening, which would be bearish for the yellow metal. Continue reading →
Gold climbs near two-month high as risk aversion grows along with concerns over tensions in Ukraine and investors await further direction from this week’s meeting of Federal Reserve policymakers. Continue reading →
Gold targets weekly gain, after a brief market correction drop in early trading. This would be the second consecutive weekly gain for the yellow metal that is lingering near a two-month high as U.S. Treasury yields slid from near two-year highs. Continue reading →
Gold steadies above $1,820 an ounce on inflation worries. The yellow metal had slipped at the start of the trading day as U.S. Treasury yields rose to their highest level in two years amid widespread expectations of a Federal Reserve rate increase. However, gold has regained altitude on global inflation news as the UK reported its highest inflation in three decades this morning. Continue reading →
Gold starts week hanging tough against pressure from stronger Treasury yields as investors anticipate a Federal Reserve rate increase. The yellow metal continues to be buoyed by inflation and uncertainty caused by the omicron variant of the coronavirus. Continue reading →
Gold edged up this morning, poised for its best week since November, as the dollar and Treasury yields eased and a higher-than-expected U.S. inflation number lured investors to the yellow metal as a hedge. Continue reading →
Gold tips up on this morning’s surprising inflation data, the highest rise in almost 40 years. The yellow metal has boosted $5 an ounce on the news. Continue reading →
Gold modestly up on jobs data and slightly weaker dollar though it failed to leap the $1,800 an ounce line. It seems headed for its biggest one-week drop since November as the yellow metal came under pressure from strong Treasury yields amid expectations of upcoming interest rate hikes. Continue reading →
Gold gaining strength on safe-haven demand spurred by rising cases of the omicron variant of the coronavirus. The yellow metal’s rise has braked at $15 an ounce as investors eye the prospect of a U.S. interest rate increase as early as March. Continue reading →
Gold slips off of the six-week high it hit earlier in today’s trading, but it’s sticking above $1,800. The yellow metal dropped when stronger bond yields and surging equities overcame lingering risk aversion due to the continued spread of the omicron variant of the coronavirus. Continue reading →
Gold retreats from one-month high, slipping just below $1,800 an ounce early Wednesday amid low liquidity during the shortened holiday week of trading. Continue reading →
Gold steady amid holiday liquidity, holding above $1,800 an ounce amid a tug-of-war between weaker U.S. Treasury yields and a stronger dollar. The yellow metal did slip a touch earlier in the trading day as the U.S. dollar rebounded, though bullion is sticking near a one-week high over Omicron concerns. Continue reading →
Dillon Gage wishes you and yours a happy, healthy holiday season.
The chart below details the holiday schedule for all DG departments for the 2021 Holiday season.
We look forward to serving you in 2022!
Gold rangebound near the $1,800 threshold on omnicron fears. The yellow metal returned to the tight range it had traded in before last week’s Federal Reserve announcement, with futures little changed early Wednesday. Continue reading →
Gold trading just off three-week high reached last week, slipping a bit early Monday as investors took profits, but staying near the $1,800 mark. Continue reading →
Gold heads for the best week since November, after the dollar weakened on the Federal Reserve’s new hawkish policy stance. Continue reading →
The following chart includes the American Eagle YTD sales totals for 2021 Gold and Silver American Eagle from the U.S. Mint as of 5pm on December 16th. This chart includes the changes from the report posted on December 10th. Continue reading →
Gold steady ahead of Fed comments this afternoon on their monetary policy decision. The yellow metal tumbled Tuesday ahead of the announcement, with some market watchers speculating that investors were taking positions ahead of a possible interest rate increase by the Fed, which would be bearish for gold. Continue reading →
Gold ticks up ahead of monetary policy decisions from the U.S. Federal Reserve as inflation concerns continue to fluster the markets. Continue reading →
Gold climbs on inflation news this morning. The U.S. Consumer Price Index (CPI) for November rose at its fastest pace since 1982. Continue reading →
Gold stuck in range just below $1,800 an ounce after edging higher early Wednesday as Treasury yields and the dollar eased, making the bullion more attractive to holders of other currencies. Continue reading →
Gold eases this morning as risk aversion lessens and the U.S. dollar boosts. Weak Treasury yields and continued uncertainty about the Omicron variant put a floor under prices, though prospects of a faster-than-previously expected taper of Federal Reserve stimulus measures pressured the yellow metal. Continue reading →
Gold rallied this morning on disappointing jobs data. The yellow metal rose $5+ an ounce to $1,775 when the release of the key U.S. jobs report for November showed just 210,000 jobs created. Gold remained under pressure because of hawkish statements this week by Federal Reserve officials. Continue reading →
You may have already experienced delivery delays from carriers such as Federal Express, UPS and the US Post Office due to carrier staffing shortages and other factors.
Unfortunately, we expect these delays to continue as we get closer to the holidays, particularly with the additional complication of winter storms. Continue reading →
Gold rebounds early Wednesday after slipping near a one-month low in the previous session on Fed comments showing a decided hawkish direction. The yellow metal shrugged off this morning’s positive job numbers. Continue reading →
Gold rises modestly early Monday on omicron concerns. News of the new coronavirus variant’s spread affected all markets much more strongly when it broke on Friday, but the headlines continue to unsettle investors, boosting the yellow metal’s appeal as a hedge against uncertainty. Continue reading →
Gold holding steady above $1,780 an ounce after the release of very positive U.S. jobless claims and muted U.S. Q3 GDP growth. The yellow metal had dipped early Wednesday with strength in the dollar kept futures below the $1,800-an-ounce threshold. Continue reading →
Happy Thanksgiving to you and your family!
Dillon Gage will have the following reduced hours over the holiday weekend.
FizTrade*:
Trading Room & Refinery:
We are thankful for your business.
*Based on CME hours and subject to change
Gold drops $10 an ounce on White House announcement that Fed Chair Powell will be renominated to his position. The yellow metal was already under pressure from the stronger dollar and treasurys. Continue reading →
Gold steady early Friday on inflation concerns. The yellow metal is still hanging tough above $1,850 an ounce as the tug-of-war continues between investors concerned about high interest rates, which would be bearish for gold, and those worried about inflation, which would be bullish because the yellow metal is a traditional hedge against inflation. Continue reading →
Gold ticks up on continuing inflation concerns despite stronger dollar. Gold slightly dropped in early morning trading, but was buoyed back up when bulls bought the dip, even though the dollar is hovering near a 16-month high. Continue reading →
Gold pauses its seven-day inflation fueled rally, trading in a narrow range over $1,850 an ounce. The bullion slipped from a five-month high early Monday on profit taking and strength in the dollar. Continue reading →
Gold sticking near five-month high, after taking a short-lived $16 an ounce (.7%) dip earlier Friday on some profit-taking and a rise in U.S. bond yields and a strengthening dollar. The bullion is on track for its second weekly gain as escalating inflation made the precious metal more attractive to investors as a way to protect wealth. Continue reading →
Gold leaps over $20 an ounce on the news of unexpectedly high consumer price index (CPI). The renewed inflation fears simultaneously drove down equity futures with the Dow dropping over 100 points. Continue reading →
Gold hits two-month high early Monday in anticipation that interest rates will remain low over the short term, making the precious metal more attractive as an alternative investment. Continue reading →
Gold dips then regains ground to $1,800 after U.S. jobs data offers positive surprise. The yellow metal looks set for weekly gain, lifted by indications from central banks that they were in no rush to raise interest rates. Continue reading →
Gold ticks up a bit under $1,800 this morning as the U.S. Dollar slightly weakens then steadies just under Friday’s 2-week high. Signs that inflation is persisting bolstered the yellow metal’s status as a traditional inflationary hedge as all markets keep an eye on this week’s Federal Reserve meeting. Continue reading →
Gold slumps as inflation jumps, giving the U.S. dollar a boost. The yellow metal started the trading day slipping from the $1,800 mark when the dollar started flexing its muscles. However, gold is still striving for a monthly gain, after the U.S. reported tepid economic growth for the third quarter on Thursday. Silver headed for its worst week since mid-September. Continue reading →
Gold hanging tough near $1,800 an ounce even after U.S. Commerce department data shows modest growth in U.S. Manufacturing. The yellow metal made small gains early in the day on an easing dollar and a downtick in U.S. Treasury yields. Continue reading →
Gold rises on inflation concerns. topping $1,800 as the dollar weakened and investors awaited policy decisions from key central banks. Continue reading →
Gold back above $1,800, up over $20 an ounce, headed for a second weekly rally at five week high as softness in the dollar made the yellow metal more attractive as an alternate investment. Continue reading →
Gold ticks higher early Wednesday on weaker dollar and as inflation concerns supported prices of the yellow metal while strong Treasury yields pressured them. Continue reading →
Gold droops on stronger dollar in Monday morning trading. Also impacting the yellow metal is the rebound in Treasurys. The U.S. benchmark 10-year Treasury yields extended gains as investors ramped up rate hike bets. Continue reading →
