Gold drops on surprising jobs report

Gold drops on surprising jobs report

Gold drops on surprising jobs report. After drifting higher in early trading, the yellow metal dropped on fears that the Fed would increase its hawkish moves on interest rates. The DG spot price fell $10 an ounce, but quickly rebounded as Bulls stepped in to buy the dip. Continue reading →

Gold retreats from brief Morning peak

Gold retreats from brief Morning peak

Gold retreats from a brief Morning peak that was powered by jobs data. The DG spot rose to $1830 on the news, then fell back $10 an ounce. Investors now await the release of the monthly U.S. jobs report for September on Friday for further direction. Palladium traded at a five-year low. Continue reading →

Gold Steady as investors await Fed

Gold Steady as investors await Fed

Gold steady early Wednesday as investors await the Fed monetary policy decision this afternoon – expected to be a pause in interest rate hikes – and looked for guidance on whether the rate increase cycle would resume after this month’s Federal Reserve policy meeting. Continue reading →

Dillon Gage Refinery has moved

Dillon Gage Refinery Has Moved

Dillon Gage Refinery has moved to a larger facility and we’ve updated our systems. So, bigger and better is the only way to describe the change. This means even faster turnaround times. While our industry-leading customer service on everything from low-grade powder to karat gold remains the same. Continue reading →

Gold Recovers from three-week lows

Gold Recovers from three-week lows

Gold recovers from three-week lows early Friday,iday aided by the dollar’s retreat after better-than-expected Chinese data. Traders now turn their eyes to next week’s meeting of the Federal Reserve for guidance. It’s widely expected that the Fed will leave interest rates unchanged. Continue reading →

Gold Regained Ground on Key data

Gold Regained Ground on Key data

Gold regained ground on key inflation data that came in at low, yet expected level. While the yellow metal reclaimed the turf above the $1950 an ounce level, it looks headed for its biggest weekly decline in five weeks, after the dollar and Treasury yields rose on strong economic reports. Continue reading →

Gold steady ahead of rate decision

Gold steady ahead of rate decision

Gold steady ahead of rate decision, trading in a tight range early Monday as investors awaited Wednesday’s monetary policy announcement from the Federal Reserve amid heightened speculation that it’s likely to be the last interest rate hike in this cycle. Continue reading →

Gold steadies, still heads for monthly drop

Gold steadies, still heads for monthly drop

Gold steadies but still heads for first monthly drop in three early Wednesday as the U.S. House of Representatives appeared poised to pass a bill to raise the U.S. debt ceiling, expectations mounted for another Federal Reserve interest rate hike in June and the dollar looks poised to set its best month since September 2022. Continue reading →

Gold ticks up as Dollar Slips

Gold ticks up as Dollar Slips

Gold ticks up as the dollar slips early Friday, but the bullion is still headed for the biggest weekly drop since February as optimism that lawmakers would reach an agreement to raise the U.S. debt ceiling reduced haven demand for the precious metal. Continue reading →