Gold steadies on economic data this morning, after slipping early Friday when the dollar rallied. This morning’s Commerce Department report shows inflation easing as consumer spending drops. Continue reading →

Gold slips off nine-month high early Wednesday on profit-taking and a firmer dollar as investors awaited key economic news at the end of the week and the Federal Reserve’s next interest rate hike next week. Continue reading →

Gold drifts a tad lower ahead of the Fed January meeting, after five consecutive weeks of gains, with both a softer dollar. Trading early in the day was muted by the Lunar New Year holiday observed in most Asian hubs. Continue reading →

Gold peaks on nine-month high early Friday before backing off a bit on profit-taking, but still headed for a fifth consecutive weekly gain as traders priced in a slowdown in the Federal Reserve’s interest rate increases. Continue reading →

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 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 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 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 rises to eight-month high early Monday as the dollar slipped and as investors increasingly anticipated a slowdown in the Federal Reserve’s interest rate hikes. Continue reading →

Gold climbs on jobs report showing jobs growth, but a slight cooling in wages. The yellow metal had ticked higher early Friday despite a stronger dollar and is poised for its third consecutive weekly gain. Continue reading →

Gold rises to a six-month high, rallying for a second day early Wednesday as the dollar slipped, making the yellow metal more attractive as an alternate investment. Continue reading →

Gold aims for its best quarter since June 2020 amid light trading before the New Year’s holiday. Continue reading →

Gold slips lower on profit-taking and a strengthening dollar during light holiday trading, with no major economic news due out before the New Year. Gold had hit a six-month high on Tuesday. Continue reading →

Gold steady above $1800 despite some investor profit taking from the rally on Tuesday. Continue reading →

Gold ticks up as the dollar eases, trading in a tight range with the bullion sticking close to the $1800 mark. Continue reading →

Gold firms after wavering on Fed outlook that raised U.S. interest rates to the highest level in 15 years and signaled that there are more rate hikes to come. Continue reading →

Gold sticks above $1800 an ounce, trading in a tight range early Wednesday ahead of the final Fed interest rate decision of the year. Continue reading →

Gold drops from $1800 an ounce on stronger dollar and some profit-taking as investors awaited U.S. inflation data and a Federal Reserve rate decision in the next few days. Continue reading →

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 steady early Wednesday, trading in a tight range ahead of next week’s Fed meeting as investors await the central bank’s rate decision for further direction. The bullion is also getting support from an anemic dollar. Continue reading →

Gold slips from five-month high after hitting that mark early Monday. The bullion eased as the dollar clawed back some ground, but bulls are keeping gold is near $1800. Continue reading →

Gold ebbs on this morning’s surprising jobs data, but still aims for its best week in three on the prospect of smaller interest rate increases from the Federal Reserve. Continue reading →

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 steady around $1750 an ounce on a weaker dollar as markets react to growing protests in China against the government’s zero-COVID policy. Continue reading →

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 →

Gold slips on strong dollar, extending losses early Monday – after its worst week in five weeks – as another Fed rate increase looms on the horizon. Continue reading →

Gold losing ground on Fed comments after clinging to support from an easing dollar. The yellow metal is looking at a weekly dip following indications from U.S. Federal Reserve officials that more interest rate hikes are on the horizon. Continue reading →

Gold firms on a softer dollar and growing concern over geopolitics from yesterday’s missile strike in Poland to early morning news of a projectile hitting a tanker off the coast of Oman. Continue reading →

Gold clawing back to $1770 as investors buy the overnight dip. The yellow metal had slipped from a three-month high early Monday after a key Federal Reserve official indicated that the central bank wouldn’t soften its approach to combatting inflation. Continue reading →

Gold rose early Friday, poised for its best week in two years after the October consumer price index report on Thursday showed inflation growth was slowing. Continue reading →

Gold eases from a one-month high early Wednesday on profit taking and as the dollar and Treasury yields strengthened, taking a bit of shine off the yellow metal. Continue reading →

Gold slips from a three-week high early Monday on a firmer dollar and as traders took profits from the previous session. Continue reading →

Gold surges on unexpectedly positive jobs report and stalled dollar rally. The weakened currency offset some of the bearishness of the Federal Reserve’s latest interest rate hike and expectations. Continue reading →

Gold rises on jobs report ahead of Fed rate announcement as the dollar weakened early Wednesday. Continue reading →

Gold loses ground Monday ahead of this week’s Fed Reserve monetary policy meeting and rate announcement while the dollar and bond yields gain strength. Continue reading →

Gold slips on stronger dollar early Friday ahead of next week’s Fed meeting. The yellow metal slipped below $1650 an ounce after the release of this morning’s key inflation report. Continue reading →

Gold rises early Wednesday as Treasury yields weaken and the dollar slumps as investors anticipate a slowing of the Fed’s interest rate increases, making gold more attractive as an alternate investment. Continue reading →

Gold drifts lower Monday despite Fed speculation and a slightly stronger dollar. Investors are closely watching the central bank after hints last week that it may begin to slow the pace of interest rate hikes following the November meeting. Continue reading →

Gold drops early Friday on Treasurys yields, heading for a second consecutive weekly decline. The yellow metal clawed back some turf as investors bought the dip and digested the news that the Fed now wants to debate the December rate hike. Continue reading →

Gold drops in Wednesday morning trading on dollar’s appeal as anticipation of continued aggressive monetary policy pressured the yellow metal, even as delegates at the London Bullion Market Association’s annual precious metals conference predicted prices would rise over the next year. Continue reading →

Gold rose early Monday on a soft dollar as the currency slipped against the British pound and the Japanese yen amid expectations that the U.K. may reverse some more of its unfunded tax cuts that Japan’s central bank may intervene to support the yen. Continue reading →

Gold slips early Friday after a stronger-than-expected inflation report for September made it more likely that the Federal Reserve will continue its aggressive monetary policy.  Continue reading →

Gold slips on hotter inflation after dipping early Wednesday as investors await the release of the Fed minutes from the last meeting of the policymakers. Continue reading →

Gold fell early Monday as heightened speculation that interest rate increases by the world’s central bankers to combat runaway inflation drove recession fears. The bullion was further stalled by a stronger dollar that is sparking off of Friday’s healthy U.S. jobs data that points to the Fed sticking to its aggressive rate hike plan. Continue reading →

Gold slips briefly below the $1700 an ounce mark as U.S. jobs numbers show growth in September. The yellow metal still aiming for its biggest weekly gain since March. Continue reading →

Gold rally stalled by rising dollar. The bullion traded near three-week highs early Wednesday but then the dollar regained the high ground. Gold slipped further on this morning’s positive jobs numbers. Continue reading →

Gold inches up in Monday morning trading on softer dollar and Treasury yields as investors awaited the release of the key U.S. manufacturing figures for September for further direction. Continue reading →

Gold tips up on hotter than expected inflation data and a slightly weakened dollar, but the yellow metal looks headed for the biggest quarterly drop since early 2021 suppressed by anticipation of continued aggressive monetary policy to combat 40-year highs in inflation. Continue reading →

Gold climbs on safe-haven boost as global markets continue to be shaky. The yellow metal is climbing off of Wednesday’s dip when the dollar strengthened to new 20-year highs amid expectations of more aggressive rate hikes from the Federal Reserve. Continue reading →

Gold suppressed by strong dollar, trading near two-and-a-half-year lows amid the currency’s strength and aggressive moves by global central banks to tighten monetary policy. Continue reading →

Gold down on two-decade high dollar mark and treasuries soar, with 2-year Treasury yields hitting a 15-year high of 4.266% earlier in the session, supported by fears of an economic slowdown and declines in the broader market following the Federal Reserve’s rate decision Wednesday. Continue reading →

Gold climbs on rising tensions in the Russia/Ukraine conflict while investors await this afternoon’s monetary policy decision from the Federal Reserve. Continue reading →

Gold dips on a stronger dollar, but holds the line above $1650 an ounce as investors awaited Wednesday’s meeting of Federal Reserve policymakers and anticipated another large interest rate increase to curb soaring inflation. Continue reading →

Gold under pressure as the dollar strengthens and U.S. 10-year Treasury yields surge to a 3-month high as investors bracing for another large interest rate hike next week by the Federal Reserve to stem soaring inflation.

An unexpectedly large inflation figure for August has sent financial markets roiling since Tuesday and boosted speculation that Fed policymakers may even consider a 100-basis-point increase in rates at their Sept. 21 meeting. Higher interest rates are typically bearish for gold, though the underlying inflation is traditionally bullish.

Front-month gold futures tumbled 1.9% Thursday to settle at $1,677.30 an ounce on Comex. Gold hit the lowest level since April 2020 in intraday trading. The December contract has declined 3% this week. Bullion dropped 3.1% in August after declining 1.4% in July. The metal retreated 3.5% in 2021. Currently, the December contract is down $9.3 (-0.55%)to $1668.00 and the DG spot price is $1661.50.

Investors are betting there’s a 24% chance of a 100-basis-point rate increase on Sept. 21, though none were projecting a move that large before the consumer price index report came out Tuesday, according to the CME FedWatch Tool. The remaining 76% of investors are predicting a 75-basis-point increase. A month ago, 59% had anticipated only a 50-basis-point increase amid speculation that the Fed’s previous rate hikes would have started to turn the inflationary tide. 

The Fed raised rates by 75 basis points each in June and July and has increased rates by 225 basis points this year to combat surging inflation. 

The U.S. consumer price index rose 0.1% in August from July, according to Labor Department data released Tuesday, after showing no change the prior month. The report crushed hopes that the Fed’s previous rate hikes had halted further increases in inflation, which was already at 40-year highs. The CPI climbed 8.3% from a year earlier, a slight slowdown, but the so-called core CPI, which strips out volatile energy and food costs, showed the first acceleration in six months.   

Equities also extended their decline as the dollar and Treasury yields held their strength in anticipation of an aggressive Fed move that could prove detrimental to economic growth. Strength in the dollar and Treasury yields is typically bearish for gold. 

Front-month silver futures dropped 1.5% Thursday to settle at $19.27 an ounce on Comex, though the December contract is up 2.7% in the first four days of the week after a large rally Monday. Silver tumbled 12% last month after slipping 0.8% in July. It retreated 12% in 2021. Silver prices are tied to industrial demand. The December contract is currently down $0.254 (-1.32%) to $19.015 and the DG spot price is $19.14.

Spot palladium decreased 1% Thursday to $2,168.00 an ounce. It’s down 1.8% so far this week. Palladium retreated 3.3% in August after rising 9.9% in July. It dropped 22% in 2021. The current DG spot price is down $43.10 an ounce to $2128.00

Spot platinum rose 40 cents Thursday to $917.80 an ounce and is up 2.9% this week. Platinum tumbled 6.1% in August after decreasing 0.3% in July. It fell 9.4% last year. The DG spot price is down $17.40 an ounce to $900.30.

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.

Goldworking to hold above the $1700 line after dipping below that mark on Tuesday following an unexpectedly large inflation figure for August which sent the broader market tumbling and boosted speculation of a hefty interest rate hike next week by the Federal Reserve. The bullion getting a boost on Wednesday from a weakened dollar. Continue reading →

Gold tips up on weakened dollar as investors await Tuesday’s release of a key inflation report that’s seen as the final bit of critical data due before the Federal Reserve’s monetary policy meeting next week. Continue reading →

Gold rose early Friday as the dollar dips, positioning the yellow metal for a small weekly gain. The DG spot price hovered just under $1730 an ounce, but has since ebbed on profit-taking. Continue reading →