Gold rallied early Wednesday on easing oil prices, rebounding after a two-day drop ahead of the Federal rate decision which which will be announced later today. There are broad expectations that the central bank will raise interest rates for the first time in more than three years.
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Gold drops through Monday morning trading as speculation grows around a Fed interest rate hike this week, sparked by surging oil prices and a key inflation report, which came out Friday. Continue reading →
Gold jumps bringing spot prices back near $4400 an ounce, following this morning’s inflation report, as persistent geopolitical and inflationary risks sparked safe haven investing. Continue reading →
Gold firming early Wednesday, supported by a drooping dollar, while investors keep their eye on the Federal Reserve as speculations continue that they may raise interest rates next week to combat inflation which has risen on the war in Iran. Continue reading →
Gold drops on surprising U.S. jobs number in the key monthly report for August, the latest economic indicator being watched for signals on whether the Federal Reserve will raise or leave interest rates unchanged at its meeting this month. The strong number ups the fears that the Fed will raise the interest rates later this month.
The U.S. economy bounced back strong in August, adding 162,000 jobs, reversing a lackluster summer, while the unemployment rate held steady at 4.1% per the Bureau of Labor Statistics. The jobs number far exceeds the forecasted 53,000 increase, making August’s total the strongest monthly gain since March.
The yellow metal had erased the week’s losses on Thursday, and then some, after Fed Governor Christopher Waller said he’d be willing to hold rates steady if price pressures continue to show signs of easing. The Fed closely watches both inflation and the labor market when setting monetary policy. A rate hike would be considered bearish for gold, making it less attractive than other assets, so holding rates steady gave the precious metal a boost.
Earlier this week, data from ADP showed that private companies added fewer jobs than expected in August. Additionally, initial jobless claims data from the Labor Department on Thursday showed new applications for unemployment benefits ticked back up last week.
December gold futures rose 2.8% Thursday to settle at $4,539.90 an ounce on Comex, and the front-month contract advanced 0.2% in the first four days of the week. Bullion rose 9.1% last month after gaining 1.7% in July, its first monthly increase since February, and sliding 12% in June. It decreased 7% in the first half of 2026 after rallying 64% last year. The December contract is currently down $81.80 (-1.80%) an ounce to $4458.10 and the DG spot price is $4426.00.
Waller said his vote at this month’s Fed policy meeting will be “heavily influenced” by August inflation data due next week, saying that “if inflation comes in hot, I would consider a rate hike.”
Producer price index and consumer price index data for August are due out at the end of next week.
This morning’s jobs data prompted a marked change to the number of investors tracked by the CME FedWatch Tool who believe a rate hike is on the way. Yesterday, just over 49% felt the Fed would raise interest rates by 25 basis points at its next policy meeting Sept. 15-16, but this morning, over 60% feel a rate hike is imminent.
The central bank held interest rates steady at 3.5% to 3.75% last month, but dissenters signaled growing support for a rate hike in 2026, and the minutes indicated broader support for rate increases if inflation doesn’t go down. The Fed has kept interest rates unchanged this year after three previous rate cuts.
Investors are also to watching inflationary risk from the conflict between the U.S. and Iran and the subsequent closure of the Strait of Hormuz. Hawkish news from the Iran war has pressured gold prices since the war began.
December silver futures increased 3.4% Thursday to settle at $67.70 an ounce on Comex, and the front-month contract fell 0.1% so far this week. The most-active contract touched a record above $115 in January. Silver climbed 16% last month after sliding 3.6% in July and declining 21% in June. It lost 15% in the first half of 2026 after rising 141% last year. The December contract is currently down $1.534 (-2.27%) an ounce to $66.170 and the DG spot price is $66.00.
Spot palladium gained 6% Thursday to $1,434.50 an ounce and is up 0.1% this week. Palladium rallied 5.7% last month after adding 5.8% in July and dropping 11% in June. It retreated 25% in the first half of 2026 after rising 74% last year. Currently, the DG spot price is down $22.90 an ounce to $1409.00.
Spot platinum rose 4.3% Thursday to $1,835.50 an ounce but retreated 0.8% in the first four days of the week. Platinum rose 7.5% last month after gaining 6.6% in July and tumbling 19% in June. Platinum slid 23% in the first half of 2026 after increasing 122% in 2025. The DG spot price is currently down $12.90 to $1818.10.
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 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 climbs off of early Wednesday losses, boosted by soft job numbers that offer some hope for the Fed putting the brakes on a possible Mid-September rate hike.
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Gold dropped to a two-week low early Monday, although it’s still heading for best month since January. The yellow metal extended last week’s losses as investors continued to bet on Federal Reserve interest rate hikes after Fed Chairman Kevin Warsh said the central bank might have more “work to do” in curbing inflation and tensions once again flared in the Strait of Hormuz over the weekend. Continue reading →
Gold slips early Friday, headed for a weekly loss as investors awaited remarks by Federal Reserve Chair Kevin Warsh for further direction.
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Gold slipped on this morning’s flat inflation report after hitting near a three-month high earlier Wednesday. The inflation report gives some support to interest rate hawks.
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Gold trades over a three-month high early Monday on a weaker dollar after last week’s announcement by the U.S. Treasury Department that it will ramp up buybacks of long-dated government debt. Continue reading →
Gold climbs early Friday topping a three-month high and headed for a third weekly rally on a weaker dollar after U.S. Treasury Secretary Scott Bessent said that the agency will move to ramp up buybacks of long-dated government debt. Continue reading →
Gold surges on bullish Treasury news, with spot gold jumping 3%, its highest point in over two and a half months. The yellow metal was responding to a U.S. Treasury announcement that it was doubling the sizes of some debt buyback operations, which knocked down bond yields and the dollar ahead of the release of the Federal Reserve’s July meeting minutes. Continue reading →
Gold steady Monday, boosting on a weaker dollar and pressured by speculation that the Federal Reserve is now likely to keep interest rates unchanged in September. Continue reading →
Gold steadies in positive territory after dipping off of two-month high as investors took profits. Continue reading →
Gold ticks up, with spot gold up over $10 an ounce, taking it over two-month high as a key U.S. inflation report comes in flat, relieving some of the pressure for an imminent increase in interest rates. Continue reading →
Gold slips lower, from a seven-week high early Monday, on profit taking after last week’s rally and as investors awaited further direction from upcoming U.S. inflation data. Continue reading →
Gold jumps on this morning’s U.S. jobs report, with spot gold gaining over $40 an ounce. This gain adds to the yellow metal’s rise earlier Friday, as it shrugged off renewed tensions between the U.S. and Iran, and headed for its best week since January. Continue reading →
Gold futures were little changed early Monday after President Donald Trump said new talks between the U.S. and Iran would begin, diminishing fears of an inflation-driven interest rate hike. Continue reading →
Gold dips on as dollar regains strength, but the yellow metals is still headed for its first monthly gain since February. The early morning slip was driven by profit taking. Continue reading →
Gold dips in Wednesday morning trading as the dollar rises ahead of the Fed rate decision coming this afternoon. Continue reading →
Gold rises early Monday on a bombing pause in fighting between the U.S. and Iran and as investors awaited Wednesday’s Federal Reserve monetary policy decision for indicators on the state of the economy. Continue reading →
Gold reclaims ground this morning, with the DG spot price gaining over $30 an ounce, as oil prices ebb. Continue reading →
Gold rises to a two-week high early Wednesday as investors bought a dip caused by escalating tensions in the Middle East and speculation of an upcoming Federal Reserve interest rate hike. Continue reading →
Gold dipped early Monday amid the escalating conflict between the U.S. and Iran and rising speculation of a Federal Reserve interest rate increase as early as September. Continue reading →
Gold extended losses early Friday and appears headed for its biggest weekly dip in six weeks as the worsening conflict between the U.S. and Iran fanned fears of a prolonged period of worsening inflation and interest rate hikes to combat them. Continue reading →
Gold recovers from its early Wednesday morning dip on the release of unexpectedly milder inflation data, with DG spot gold gaining over $30 an ounce on the news. Investors continue to watch the conflict in the Middle East for direction. Continue reading →
Gold drops early Monday as the dollar climbed along with oil prices on renewed Mideast tensions, increasing fears of a closure of the Strait of Hormuz, the transit point for a significant amount of the works oil, amid fresh U.S. strikes on Iran. Continue reading →
Gold fell early Friday as the U.S. and Iran exchanged airstrikes boosting expectations that a prolonged Mideast conflict will worsen inflation and spurs Fed rate hike bets. Continue reading →
Gold drops declined early Wednesday as the dollar and oil climbed on fresh U.S. strikes against Iran. Earlier in the trading day, President Trump announced the interim accord with Iran to end the war is “over.” Gold fell over 1% in early Wednesday trading. Continue reading →
Gold rises early Monday after a weaker-than-expected U.S. jobs report last week eased expectations that the Federal Reserve will increase interest rates this year. Continue reading →
Gold gets a boost from this morning’s U.S. jobs data after dropping earlier Wednesday on speculation that the Federal Reserve will raise interest rates this year to combat inflation. Continue reading →
Gold falls early Monday after Iran tensions ramped up over the weekend as teh U.S. and Iran exchanged strikes in the Persian Gulf, pushing oil prices higher, damping the likelihood of a lasting peace accord and boosting expectations of an interest rate hike this year to combat inflation. Continue reading →
Gold ticked up in early Friday trading on a softer dollar, but its still poised for a fourth weekly decline amid mounting bets of tighter U.S. monetary policy that may dampen demand for the precious metal. Continue reading →
Gold fell below the $4000 an ounce mark in Wednesday trading as the dollar climbed amid rising speculation that the Federal Reserve will raise interest rates this year to combat inflation. Continue reading →
Gold rises from a one-week low early Monday as inflation and tighter monetary policy fears ease after Iran said that negotiations between it and the U.S. went well over the weekend. Continue reading →
Gold extended losses early Friday in reaction to Wednesday’s hawkish Fed comments. The yellow metal is headed for the third weekly loss as the dollar firmed. Continue reading →
Gold was little changed early Wednesday as investors awaited the final details on the proposed U.S.-Iranian peace accord as well as the latest outlook on the economy from the Federal Reserve. Continue reading →
Gold surges early Monday to a near one-week high on news of the U.S. and Iran peace deal. President Trump announced yesterday that the U.S. reached a preliminary peace deal to end the conflict that has closed the Strait of Hormuz and caused oil and the prices of other goods to soar. Continue reading →
Gold rose early Friday, reclaiming its place near the $4200 an ounce mark, after U.S. President Donald Trump said that the country was close to a possible peace deal with Iran, though the yellow metal still looks headed for a weekly loss on inflation fears and speculation that the Federal Reserve may have to raise interest rates. Continue reading →
Gold tumbled over $95 an ounce early Wednesday putting it at over a two-month low as Mideast war escalation hiked oil prices as the U.S. and Iran scuttled any immediate hopes of a peace accord. The gold metal got no help from this morning’s CPI data, as inflation continues to mount. Continue reading →
Gold fell early Monday on rising speculation that the Federal Reserve will boost interest rates because it will need to rein in the high prices of goods following the war in Iran. Continue reading →
Gold fell Friday on the release of May’s job numbers and is headed for a weekly loss as signs of a peace deal between the U.S. and Iran remained elusive and equities were poised for a historic weekly run of gains. Continue reading →
Gold dips early Wednesday amid doubts that a peace deal between the U.S. and Iran was eminent as new fighting broke out in the Middle East. Continue reading →
Gold drops early Monday as the dollar strengthened and oil prices advanced while investors awaited a decision from U.S. President Donald Trump on a proposed deal to end the conflict with Iran. Continue reading →
Gold sticking near the $4500 mark, as investors weighed reports of a possible U.S.-Iranian peace deal with inflationary concerns. Continue reading →
Gold slips for a second session on Wednesday as hopes dimmed for a quick end to the U.S.-Iran conflict. Investors also watch news on whether the U.S. and Iran are close to a truce and what the Federal Reserve intends to do regarding future monetary policy. Continue reading →
Gold fell early Friday and headed for a weekly loss on a strong dollar and as high oil prices from the war in Iran increased speculation that the Federal Reserve will have to increase interest rates. Continue reading →
Gold reclaimed some turf, getting back near the $4500 mark after falling to its lowest level in about a month and a half early Wednesday on a strong dollar and high Treasury yields. However, U.S. Treasury yields have now slipped on hopes of a potential resolution to the U.S.-Iran conflict easing some inflation concerns, giving gold a bump. Continue reading →
Gold clawed back territory in Monday morning trading after falling to a one-and-a-half-month low earlier in the trading day. The yellow metal found a structural case for support as investors bought the dip bringing it closer to the $4600 per ounce mark. The bullion early morning plunge was driven by high oil prices and inflation concerns stemming from the war with Iran. Continue reading →
Gold tumbles through early Friday trading on increasing inflation fears driving expectations that interest rates will remain high for some time amid rising oil prices. The yellow metal is also getting dinged by a stronger dollar. Continue reading →
Gold dropped early Wednesday after yesterday’s report showing soaring U.S. inflation data bolstered expectations that the Federal Reserve will leave interest rates unchanged for some time. This morning’s producer price index data served to reinforce the concerning inflation outlook. Continue reading →
Gold drops early Monday as hopes for a U.S.-Iran peace deal dissipated, clouding interest rate-cut hopes and boosting the dollar, making the yellow metal a less attractive alternate investment. Continue reading →
Gold boosted Friday morning on positive U.S. jobs data and aims for a weekly gain on the latest reports of a possible peace deal between the U.S. and Iran which helped ease concerns about inflation and elevated interest rates. Continue reading →
Gold climbed early Wednesday as soaring optimism about a possible peace deal between the U.S. and Iran that also sent the dollar and oil prices lower. Continue reading →
Gold edged lower early Monday amid ongoing concerns about inflation and the Iran war after the U.S. said it would escort oil tankers through the Strait of Hormuz. Continue reading →
Gold steady, but early Friday appears poised for a weekly loss amid fears that inflation will keep interest rates elevated for some time driven by oil prices. Continue reading →
Gold slumps Wednesday morning ahead of this afternoon’s Fed policy statement. Gold dropped for a third straight session on inflation worries tied to the Middle East conflict. Investors await further guidance from the Federal Reserve later in the day on the economic impact of the Iran war. Continue reading →
Gold hovering at the $4700 mark Monday morning as investors awaited further clarity on talks between the U.S. and Iran to resolve the almost two-month-old war. Continue reading →
Gold recovered from an early Friday dip to hold steady near $4700 as investors eye Middle East developments. Inflation fears stemming from the war in Iran have pushed the expected timeline of any Federal Reserve interest rate cut even further out. Continue reading →
Gold climbs as oil and the dollar weaken early Wednesday after U.S. President Donald Trump said he would extend the ceasefire with Iran. Continue reading →
