Gold hovering around the $1,800 mark, but looks headed for its first weekly decline in five weeks, as strength in the U.S. dollar made it the preferred risk-off trade as the pandemic and economic picture worsened. Continue reading →

Gold drops on dollar strength with the yellow metal slipping over $10 an ounce overnight to just below the $1,800 mark. Continue reading →

Gold recovering from overnight dip as equities face pressure and COVID cases grow. The yellow metal lost ground overnight on a stronger greenback, dropping below the $1,800 mark briefly, but bouncing back as investors take advantage of the dip.

The Dow was down over 500 points (over 1.5%) at the opening bell, ending a 3-week winning streak, as concerns over the rise of the Delta variant grow. The NASDAQ and S&P also struggling this morning, down 55 (-1.2%) and 139 (-0.92%) respectively.

Gold also got some support from declines in U.S. Treasury yields, which were near a one-week low, with 10-year yields dropping to a new 5-month low. Their retreat — and the climbing COVID-19 cases — have made the yellow metal more attractive as a hedge against uncertainty. But the dollar’s gains pressured prices. The dollar index was near a three-month high.

August gold futures rose 0.2% last week to settle at $1,815.00 an ounce on Comex. The front-month contract, which trading near a four-week high last week, slipped 0.8% Friday. Gold has increased 2.5% so far in July. It fell 7% in June in the worst month since November 2016 after advancing 7.8% in May, the best month for the precious metal since July 2020. Gold climbed $372 — or 24% — in 2020 because of uncertainty about the economy and the pandemic and is down 4.2% so far in 2021. The August contract is down $2.70 (-0.15%) an ounce to $1,812.30 and the DG spot price is $1,812.00.

The rapid spread of the delta variant of the coronavirus is forcing new shutdowns around the world as cases climb. That has increased concern that the pandemic isn’t over yet.

“Most people will either get vaccinated, or have been previously infected, or they will get this delta variant,” Dr. Scott Gottlieb, former commissioner of the U.S. Food & Drug Administration during the Trump Administration said Sunday on CBS’s “Face the Nation” program.

Investors will continue to watch for signals on how the economy is dealing with the latest development in the pandemic, including inflation and what the Federal Reserve will do about it. They will also look closely at the labor market.

The June U.S. inflation report last week showed consumer prices jumped the most since 2008 and beat all estimates. Gold is a traditional hedge against inflation. But U.S. weekly initial jobless claims reached a pandemic-era low in the report released last week.

Investors will await the latest weekly jobless claims on Thursday as well as the U.S. existing home sales report. The European Central Bank is scheduled to release a rate decision Thursday.

September silver futures fell 1.7% last week to settle at $25.80 an ounce on Comex. The front-month contract lost 2.3% Friday and is down 1.5% so far this month. Silver fell 6.5% in June after rallying 8.3% in May. The metal rose 47% in 2020 and is down 2.3% so far this year. The September contract is down $0.405 (-1.57%) an ounce to $25.398 and the DG spot price is $25.33.

Spot palladium decreased 6% last week $2,655.00 an ounce and retreated 3.4% Friday. It’s down 4.9% in July and up 8.3% so far in 2021. Currently, the DG spot price is down $47.30 an ounce to $2,603.00.

Spot platinum rose 0.8% last week to $1,115.90 an ounce and fell 2.5% Friday. It’s up 3.3% so far in July. The autocatalyst metal is up 4% in 2021. The DG spot price is down $23.10 an ounce to $1,093.80, currently.

Disclaimer: This editorial has been prepared by Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.

Gold was mildly down Friday morning pressured by slightly rebounding U.S. bond yields and dollar, but is still appears heading for a fourth weekly gain as investors remained confident that the U.S. Federal Reserve would maintain its easy monetary policy after Chairman Jerome Powell reiterated in congressional testimony that inflation would be temporary. Continue reading →

Gold jumps higher on inflation news. Early Wednesday gains were sparked by the June U.S. inflation report, released Tuesday, showed consumer prices jumped the most since 2008 and beat all estimates. The just released Producer Price Index gave the yellow metal a further bump. Continue reading →

Gold dips overnight as dollar gains with the dollar index up 0.2% against its rivals. The yellow metal is back above $1,800, nearing its three-week high, as ongoing concerns about COVID-19 and inflation keep lending support. Continue reading →

Gold was little changed early Friday, heading for a third weekly rally, on weaker U.S. Treasury yields and speculation that the rapid spread of the delta variant of the coronavirus indicates that pandemic isn’t over yet Continue reading →

Gold returned over $1,800 overnight on weaker treasurys. The bullion traded near a three-week high early Wednesday as investors awaited this afternoon’s release of the minutes of the Federal Reserve’s last policy meeting for signals on when it might shift its monetary policy. Continue reading →

Gold yo-yos on jobs report, initially slipping on the positive numbers, but then regaining close to daily highs. Continue reading →

Gold dips on this morning’s jobs report that shows private payrolls well above analysts estimates. The yellow metal was already under pressure as the U.S. dollar strengthened on speculation that positive jobs data may motivate the Federal Reserve’s monetary policy to become more hawkish. Continue reading →

Gold stays in range, hovering around $1,780 an ounce. After slipping early Monday as the dollar and U.S. Treasury yields edged higher, the yellow metal clawed back as some investors bought the dip. Many traders staying on the sidelines waiting for a clearer signal from the U.S. Federal Reserve’s and other central bank’s on policy tightening and the scaling back of pandemic stimulus efforts. Continue reading →

Gold jumps this morning on inflation data. The yellow metal boosted on news that inflation was inline with market expectations on the way to its first weekly gain in four weeks. Continue reading →

Gold inched higher early Wednesday on a pledge from Federal Reserve Chairman Powell. He stressed the Fed will keep interest rates near zero for some time, making the yellow metal more attractive as an alternative investment. Continue reading →

Gold rebounds from last week’s drop on softer dollar and slipping U.S. Treasury yields. Bargain hunters also did some gold buying after the yellow metal’s worst week since March 2020. Continue reading →

Gold loses overnight gains as St. Louis Fed President James Bullard told CNBC this morning that he sees an initial interest rate increase happening in 2022 — faster than the expected first increase in 2023. Continue reading →

Gold steady ahead of Fed policy decision. Investors await signals from the U.S. central bank’s meeting today about whether it will taper its loose monetary policy and tackle rising inflation. Continue reading →

Gold falls 1% overnight on a stronger dollar ahead of Fed meeting, but it has clawed back almost $20 an ounce this morning from a low of $1,847 as traders buy the dip. Investors await Wednesday’s meeting of Federal Reserve policy makers for indications on what the central bank will do about rising inflation. Continue reading →

Gold pressured by the dollar this morning after rebounding above the $1,900-an-ounce threshold overnight. The yellow metal’s early morning climb was sparked by the report showing a surge in U.S. inflation wasn’t seen by investors as enough for the U.S. Federal Reserve to tighten monetary policy. Continue reading →

Gold was little changed, hanging just under $1,900, early Wednesday as traders awaited U.S. inflation data and a monetary policy announcement from the European Central Bank for direction. The U.S. dollar’s mid-week weakness has given the yellow metal a slight boost. Continue reading →

Gold slips as dollar firms and investors look toward economic data on inflation due later this week. The yellow metal getting mixed support from comments made over the weekend by Treasury Secretary Janet Yellen at the Group of Seven finance ministers meeting in London. Continue reading →

Gold up on jobs report as the U.S. fails to hit market forecast for jobs in May. The yellow metal jumped almost $7 an ounce immediately and the most active futures month has now gained over $15 an ounce. Continue reading →

Gold slips off near five-month high from Tuesday morning, as U.S. Treasury yields strengthened following a positive U.S. manufacturing report for May, though concerns about inflation kept a floor under prices. Continue reading →

Gold boosting off inflation data as the Core Inflation report shows higher than expected growth for April. The yellow metal had dipped slightly, down $6 an ounce to $1,885.38, ahead of the report as the dollar firmed, but the bullion is once again challenging $1,900. Continue reading →

Gold stubbornly sticks above $1900, firming its position beyond that psychological threshold as U.S. Treasury yields fell and Federal Reserve officials signaled that the central bank’s monetary policy would continue to be accommodative. Continue reading →

Gold trades near four-and-a-half month high, rising early Monday as the U.S. dollar remains stuck near 3-month lows and questions about inflation arise, while investor focus turns to key economic reports due later this week from the from the United States. Continue reading →

Gold headed for its third weekly advance and remained near a four-month high on a weaker dollar and subdued U.S. Treasury yields. Continue reading →

Gold returns near four-month high after briefly dipping this morning on a strengthening dollar. Meanwhile investors await the minutes of the Federal Reserve’s last policy meeting for insight into whether members of the Federal Open Market Committee are divided on their accommodative monetary stance and approach to inflation. Continue reading →

Gold rises to three-month high early Monday, past the $1,850 an ounce barrier, as Treasury yields weakened and the number of global COVID-19 cases mounted, making the yellow metal more attractive as a safe-haven investment. Continue reading →

Gold eyes second straight up week as the dollar weakens on the Federal Reserve downplaying inflation fears and signaling that it will keep interest rates low for the time being. The yellow metal is also supported by weak U.S. retail sales figures. Continue reading →

Gold waffles between positive and negative territory on CPI data. The yellow metal jumped over $10 an ounce to $1,844.70 on surprising inflation surge, but has since lost ground. It had dropped at the beginning of the trading day as the dollar strengthened and the treasury yields advanced. Continue reading →

Gold traded near a three-month high reached last week as the dollar weakened and speculation grew that U.S. interest rates will remain low after data released Friday showed U.S. jobs growth unexpectedly slowed in April. Continue reading →

Gold surges on this morning’s disappointing jobs report. The yellow metal was already headed for the best week in five months on lower dollar and treasury yields. Continue reading →

Gold steady on strong dollar, concerns sparked by comments from Treasury Secretary Janet Yellen about higher U.S. interest rates. Meanwhile, palladium climbed to a new record. Continue reading →

Gold rises early Monday ahead of ISM data release as analysts await key first-of-the month economic data from around the world.

Continue reading →

Gold headed for best month since December, despite a slow week. Meanwhile, Palladium rose above $3,000 an ounce for the first time in early trading on concerns over a shortage of the metal used in autocatalysts. Continue reading →

Gold slips ahead of Fed as U.S. 10-year Treasury yields rose to near 2-week high and the dollar index rose 0.1%. Continue reading →

Gold steady on safe-haven demand early Monday amid rising global coronavirus cases and a weaker dollar, meanwhile, palladium is holding near record. Continue reading →

Gold rises early Friday as a safe-haven investment as details on the Biden tax plan make headlines. President Joe Biden’s plans to boost the capital-gains tax sent investors out of equities, the dollar and Treasurys giving gold a shot at its third weekly gain as it hovers just under $1,800. Continue reading →

Congratulations to Terry Hanlon, President of Dillon Gage Metals, on being named one of the most influential people in numismatics by Coin World. Continue reading →

Gold up on easing treasury yields trading near a seven-week high as safe-haven investors sought refuge in the yellow metal amid declines in yields and equities. Continue reading →

Gold off seven-week high on profit taking, after surging in the first few hours of the trading day to $1,790 an ounce on a weakened dollar and falling treasury yields. Equities are also falling from record highs this morning. Continue reading →

Gold hits a seven-week high this morning, aiming for its best week since mid-December, powered by weaker U.S. Treasury yields and the dollar index. Continue reading →

Gold takes a dip in morning trading, but is still pretty steady after a report showed U.S. inflation rose more than expected last month. The news boosted equities while the dollar weakened, lending support to the yellow metal Continue reading →

Gold droops this morning as Treasury yields hold strength gained from last week’s economic data while investors wait for this week’s key U.S. inflation and retail sales numbers. Continue reading →

Gold off one-month high, pushed earlier in the trading day by a rebounding dollar and Treasury yields, then suppressed further by this morning’s Producer Price Index (PPI) report that rose much higher than expected in March. The dollar came off a two-week low in early trading. Continue reading →

Gold slipped from its two-week high early Wednesday as global equities climbed and the dollar rebounded on strong U.S. economic data, as concern grows that central bank tapering might start sooner than expected. Now all eyes and ears turn to today’s 2 p.m. EDT release of the Fed minutes from their March 16th meeting. Continue reading →

Gold still pressured by Friday’s very positive US jobs numbers that have elevated hopes of an imminent economic recovery. Those hopes added support to global equities, further taking some shine off of gold, although the yellow metal is hanging tough above the $1,720 an ounce mark. Continue reading →

Gold inches up on jobs data this morning, but still fighting beneath $1,700 amid other bullish economic news and increasing U.S. Treasury yields. Continue reading →

Gold slips on economic recovery early Monday as the U.S. dollar index strengthened to its highest in several months and global economic uncertainty decreased. Advances in U.S. Treasury yields also pressured gold, because strength in the other assets raises the opportunity cost of holding bullion. Continue reading →

Gold holds steady this morning but still looks to be heading for its first decline in three weeks against continued strength in the U.S. dollar and Treasury yields. Rising geopolitical risks and a third wave of the pandemic are lending gold support. Continue reading →

Gold rises as Treasurys dip to a one-week low. The yellow metal gathered power on negative news about the pandemic, despite the U.S. dollar index hitting a four-month high. Continue reading →

Gold falls on Turkish concerns as the country abruptly replaced its central bank governor over the weekend. The headlines resulted in 10-year Treasury yields remaining near the highest level in more than a year. Continue reading →

Gold holds as bond yield retreats. The yellow metal is on track for a second weekly gain as a correction in the 10-year Treasury yield offers a boost. Continue reading →

Gold muted ahead of FOMC, losing a little altitude as U.S. bond yields climb this morning. Inflation fears boosted both the precious metal and U.S. Treasury yields, which were near their highest levels in more than a year. Investors are primarily awaiting a policy statement from the U.S. Federal Reserve. Continue reading →

Gold rises as inflation hedge, regaining its hedge status after the $1.9 trillion U.S. stimulus measure became law last week. Continue reading →