Gold Bounces Back

Gold Bounces Back

Gold bounces back after bowing to a stronger dollar at the beginning of the trading day. The currency was unable to maintain its initial jump that driven by bets that OPEC’s surprise output cuts could bump global energy prices and force a hike in interest rates. Gold reclaimed its ground near the $2,000 mark – following its best month since July 2020. Continue reading →

Gold Hits 12-Month High Early Monday

Gold Hits 12-Month High Early Monday

Gold hits 12-month high early Monday, topping $2,000 an ounce before profit taking and a stronger stock market took a bit of wind out of its sails, slipping over $20 an ounce. The activity is being driven by the global banking crisis while investors eye the Federal Reserve’s monetary policy decision Wednesday. Continue reading →

Gold Leaps Over $1900

Gold Leaps Over $1900

Gold leaps over $1900 this morning, rising to its highest level in more than five weeks early Monday as the sinking dollar and nervousness in the markets over the largest bank collapse since 2008 made the yellow metal more attractive as a hedge against uncertainty. Continue reading →

Gold Near One-week low

Gold Near One-Week Low

Gold near one-week low early Wednesday, extending Tuesday’s losses, after Federal Reserve Chairman Jerome Powell told Congress that interest rates are “likely to be higher” than previously anticipated. The rate hike concerns were reinforced by this morning’s employment data. Continue reading →

Gold Gains Ground on Weaker Dollar 

Gold Gains Ground on Weaker Dollar 

Gold gains ground on weaker dollar. The currency slumped on surprising data out of China that sparked optimism for a Chinese economic recovery. The bullion’s boost from the dollar was balanced by speculation about prolonged higher interest rate increases. Continue reading →

Gold Inches Up From two-month low

Gold Inches Up From two-month low

Gold inches up from the two-month low it hit early Monday. That low was sparked by a key inflation report released Friday heightened anticipation of additional interest rate increases for some time. The yellow metal’s moves follow this morning’s durable goods data. Continue reading →

Gold drops on Fed sentiment

Gold drops on Fed sentiment

Gold drops early Friday headed for a third consecutive weekly drop on Fed sentiment, while the dollar boosted to a six-week high amid increasing speculation that aggressive Federal Reserve interest rate hikes will continue in the face of rising inflation. Continue reading →

Gold rebounds, but stays below $1,900

Gold rebounds, but stays below $1,900

Gold rebounds on bargain hunting, but stays below $1,900. The bullion bounced back early Monday from Friday’s selloff while remaining below the psychological threshold because of a strong dollar and concerns that the Federal Reserve may keep raising interest rates after last week’s strong U.S. jobs report. Continue reading →

Gold Drops On U.S. jobs report

Gold Drops On U.S. jobs report

Gold drops on this morning’s U.S. jobs report. The new year has started off with an unexpectedly strong employment picture, leading the markets to once again fear a more aggressive interest rate schedule from the Fed. The yellow metal slumped over $30 an ounce on the news, dropping below $1900. Continue reading →

Weather delays for February 1

Weather Delays for February 1

The National Weather Service has issued an ice storm warning for areas in North and Central Texas. This is in effect until Thursday morning. As a result, Federal Express is not operating today in the Dallas / Ft. Worth area. The Dillon Gage and IDS facilities in Texas are open but are operating with reduced staff.

Shipments may begin moving on Thursday and Friday pending FedEx’s decision on how much they can handle when they return to service.

Please check order status on FizTrade and tracking on FedEx for package updates and allow additional days for packages to be delivered.

Gold jumps on inflation report

Gold Jumps on Inflation Report

Gold jumps more than $16 an ounce on soft inflation report after regaining ground above $1900. The yellow metal had fallen below that benchmark early Wednesday as the dollar strengthened, but the yellow metal is holding on amid anticipation that the Federal Reserve will slow the pace of its upcoming interest rate increases. The new inflation data strengthens that anticipation. Continue reading →

Gold sticks above $1900

Gold sticks above $1900

Gold sticks above $1900 while losing some altitude on a stronger dollar. The bullion had risen near a nine-month high earlier Monday on investor speculation that the Federal Reserve is likely to taper the pace of its interest rate increases. Continue reading →

Gold rises after inflation report

Gold rises after inflation report

Gold rises after Thursday’s inflation report, topping a nine-month high over $1900 an ounce early Friday, heading for a weekly gain, as investors anticipated that the Federal Reserve is likely to slow the pace of its interest rate increases. Continue reading →

Gold rises after inflation report

Gold Hits eight-month high

Gold hits eight-month high early Wednesday, climbing in conjunction with the broader market, amid increased speculation that the key inflation report due out later this week will show additional softening. The bullion backed off of the high a bit, on profit-taking, but is still in positive territory. Continue reading →

Gold Eases on unexpected inflation

Gold Eases on unexpected inflation

Gold eases on unexpected rise in this morning’s inflation numbers. The yellow metal had ticked up on the softer dollar which weakened early Friday as investors await next week’s Federal Reserve rate decision. Gold still hovering around the $1,800-an-ounce threshold. Continue reading →

Gold rises as dollar ebbs

Gold rises as dollar ebbs

Gold rises headed toward the biggest monthly gain in two-years as the dollar ebbs. The currency softened as investors awaited comments later in the day from Federal Reserve Chairman Jerome Powell for further direction and eye the ongoing tensions in China. Continue reading →

Gold trades in tight range

Gold Trades in Tight Range

Gold trades in a tight range early Wednesday ahead of the U.S. Thanksgiving Day holiday as investors awaited the release of the minutes of the Federal Reserve policy members last meeting early this month for further direction. Continue reading →

Thanksgiving Hours 2022

The Dillon Gage family wishes you and yours a very Happy Thanksgiving!

Dillon Gage will have the following reduced hours over the holiday weekend.

FizTrade*:

  • Thu. Nov. 24th: Open all day, EXCEPT closed from Noon to 5 pm CST
  • Fri. Nov. 25th: Closes at 12:45 pm CST
  • Sun. Nov. 27th: Opens at 5 pm CST

Trading Room & Refinery:

  • Thu. Nov. 24th: Closed
  • Fri. Nov. 25th: Closed
  • Mon. Nov. 28th: Trading room opens at 7:30 am CST

We are thankful for your business.

*Based on CME hours and subject to change