Gold Steady Above $1,900

Gold Steady Above $1,900

Gold steady above $1,900 Friday morning despite a strong dollar and an ongoing stalemate in U.S. stimulus talks. The yellow metal slipped a touch on this morning’s U.S. Retail sales report for September, and could hit its first weekly decline in three weeks. Continue reading →

Gold Back Over $1,900

Gold Back Over $1,900

Gold back over $1,900 this morning on concerns over the global economy and questions about the U.S. presidential election. Gold showed little reaction to this morning’s Producer Price Index (PPI) numbers. Continue reading →

Gold Retreats - Dollar Rises

Gold Retreats – Dollar Rises

Gold retreats early Monday, coming off a three-week high, as the dollar rises and the White House and House Democrats remain far apart over terms of a multitrillion-dollar stimulus bill to provide relief to segments of the economy hard hit by the coronavirus and associated lockdowns. Continue reading →

Gold Climbs on Soft Dollar

Gold Climbs on Soft Dollar

Gold climbs on soft dollar this morning after slipping overnight as equities gained on the possibility that U.S. President Donald Trump, who was hospitalized Friday for COVID-19, might be released as soon as Monday. Continue reading →

Gold Holds Above $1,900

Gold Holds Above $1,900

Gold holds above $1,900 after this morning’s disappointing payroll numbers, hanging onto the boost it received over night following the news the President Trump tested positive for COVID-19. Gold still looks to mark its best week in nearly two months Continue reading →

Gold Slips as Dollar Rallies

Gold Slips as Dollar Rallies

Gold slips this morning as dollar rallies, but the yellow metal is still on track for its eighth straight quarterly gain. The dollar rose following the first presidential debate between Donald Trump and Joe Biden. Continue reading →

Gold Dips on Durable Goods

Gold Dips on Durable Goods

Gold dips on durable goods report this morning, after hanging tough overnight. Overall, markets continue to roil. Wall Street set to open down by 100+ points this morning, headed for its fourth weekly loss, while the yellow metal looks headed for its worst week in six. Continue reading →

Gold Fell As the Dollar Rose

Gold Fell As The Dollar Rose

Gold fell to its lowest point in almost two weeks on Monday as the dollar rose, while doubts rose that the speeches from U.S. Federal Reserve policymakers this week this would include additional stimulus measures. The dollar index rose 0.4% against its rivals, making gold more expensive for holders of other currencies. Continue reading →

Gold Rises as Dollar Slumps

Gold Rises as Dollar Slumps

Gold rises early Friday as dollar slumps amid weak U.S. jobs numbers and hopes for more stimulus from central banks to mitigate the economic effects of the coronavirus pandemic. This will be the second straight weekly gain for the yellow metal. Continue reading →

Gold Steady Ahead of Fed

Gold Steady Ahead of Fed

Gold was steady Wednesday morning ahead of Fed and after this morning’s disappointing U.S. retail sales numbers. The yellow metal hit a two-week high in the previous session as investors awaited a Federal Reserve monetary policy decision. Continue reading →

Gold Edged Higher

Gold Edged Higher

Gold edged higher this morning boosted by a weakened dollar and hopes for a continued dovish monetary policy from the U.S. Federal Reserve when they meet on Wednesday. U.S. gold futures rose 0.1% to $1,950.10 per ounce while the dollar retreated on Monday, bolstering gold’s appeal for investors holding other currencies. Continue reading →

Gold Slips on Inflation Rise

Gold Slips on Inflation Rise

Gold slips this morning after new report of inflation rise. The yellow metal is also somewhat depressed as the dollar headed for its best week since May, but gold is poised for a weekly advance on continuing concerns about the pandemic and its effect on the global economy. Continue reading →

Gold Reclaims Overnight Slip

Gold Reclaims Overnight Slip

Gold reclaims overnight slip as the U.S. dollar index softens. Additionally, traders took advantage of Wednesday’s early morning dip, giving the price a boost. Eyes and ears are on Thursday’s meeting of the European Central Bank, which investors are watching for inflation forecasts. Continue reading →

LABOR DAY HOURS

Labor Day Hours

We will be available for trading during the following hours.

Electronic trading available on FizTrade.com:

  • Sunday, September 6th from 5pm Central until Noon on Monday, September 7th
  • Regular electronic trading hours will resume at 5pm on Monday, September 7th

Continue reading →

Gold advances on weak dollar

Gold advances on weak dollar

Gold advances early Monday on weak dollar which traded near the lowest level in two years as U.S. coronavirus cases topped 6 million. But equities advanced, making other assets attractive and putting a lid on the yellow metal’s rally. In fact, in early-morning trading, gold dipped near $20 an ounce, which it has since reclaimed. Continue reading →

Gold Slips On Durable Goods

Gold Slips On Durable Goods

Gold slips this morning on strong durable goods data, helping investors overcome some of their fears about the global economy, which is typically bullish for precious metals. Meanwhile, the markets are keeping an eagle eye on what the Fed Chair will say at Thursday’s Economic Symposium. Continue reading →

Gold's Overnight Roller Coaster

Gold’s Overnight Roller coaster

Gold’s overnight roller coaster heads for positive territory now as investors buy the dip. Early Friday, gold rose for the first time in three days as U.S. initial jobless claims climbed back above 1 million last week, sending investors to the yellow metal as a hedge against uncertainty. Continue reading →

Gold Slips Under $2,000

Gold Slips Under $2,000

Gold slips back under $2,000 an ounce as investors sought returns in other assets after the Standard & Poor’s 500 Index reached a new record Tuesday and the dollar strengthened from near a two-year low. Continue reading →

International Depository Services (IDS Group) Hires Joe De Rosa to Lead

IDS Group Hires Joe De Rosa to Lead

Former Loomis head joins the Dillon Gage family of companies

ADDISON, Texas (August 13, 2020) – Dillon Gage, the world leader in precious metals trading and technology, announces the appointment of Joe De Rosa to serve as managing director for the International Depository Services Group – Global, also known as IDS, Continue reading →

Gold Sticks Near New High

Gold Sticks Near New High

Gold sticks near new high, fighting off pressure from positive jobs report. The yellow metal surged to new heights overnight, nearing $2,100 an ounce as tensions between the U.S. and China mounted and U.S. lawmakers failed to reach an agreement on an economic-relief measure as the pandemic and economic crisis worsened. Continue reading →

Gold Near New Record

Gold Near New Record High

Gold stays near the new record high — above $2,050 an ounce — on a weaker dollar and speculation of new stimulus measures to combat the worsening pandemic and economic crisis. The yellow metal slipped a tad after this morning’s report from private-payrolls processor ADP showed July had lower-than-expected job numbers for July. Continue reading →

Gold Near New Record

Gold Near New Record

Gold near new record this morning as the PCE price index show an muted, and expected increase this morning, while gold futures headed for the best month in more than four years amid a flight to quality as investors used the yellow metal as a haven following dismal U.S. economic numbers. Continue reading →

Gold Surged On Iran Tensions

Gold Surged On Iran Tensions

Gold surged on Iran tensions, heading above $1,600 an ounce for the first time in almost seven years after two bases housing U.S. troops in Iraq were attacked by Iran, worsening geopolitical tensions. Palladium reacted by hitting a new record high.This morning’s positive U.S. employment numbers have slightly impacted the yellow metal. Continue reading →

History of Gold

History of Gold

The history of gold, one of nature’s most mystical elements, is as unique and romantic as the metal itself, moving the desires of kings, sparking the voyages of explorers, stirring the imagination of artists and inspiring the innovators of science.

Indeed, it is without equal. Continue reading →

Gold Measurements and weights

Gold Measurements

Here are the standards used for gold measurements and weights in the precious metals industry for all gold products including bullion, coins, rounds and bars. Strict adherence to these gold measurements and weights are a critical part of the industry. Continue reading →

Gold Trades Above $1,500

Gold Trades Above $1,500

Gold trades above $1,500 at seven-week high on Comex early Friday, heading for its best year since 2010.

The yellow metal has advanced for the past four sessions, even amid an equities rally and optimism over a phase-one U.S.-China trade accord, which would typically be bearish factors. Gold climbed throughout the year as a hedge against uncertainty when it appeared that the negotiations had stalled. Continue reading →

2019 Holiday Hours

2019 Holiday Hours

Dillon Gage wishes you and your family the happiest of holiday seasons. The following is our schedule for 2019 holiday hours for the Winter season:

  • Dec. 24th: Trading, Refinery & FizTrade close at Noon Central (CT).
  • Dec. 25th: Dillon Gage Trading & Refinery closed. FizTrade opens at 5pm CT
  • Dec. 26th: Normal trading and refinery hours resume
  • Dec. 31st: Trading, Refinery and FizTrade close at Noon CT.
  • Jan 1st: Dillon Gage Trading & Refinery closed. FizTrade opens at 5pm CT
  • Jan 2nd: Normal trading and refinery hours resume
Gold Rises In Light Trading

Gold Rises In Light Trading

Gold rises in light trading ahead of the Christmas holiday as investors await more information on a U.S.-China trade accord.

The two sides announced that an agreement had been reached the week before last, but details have so far been scarce. Gold climbed throughout the year when it appeared the negotiations had stalled and is still on track for its best year since 2010, mainly because of the tariff war. Continue reading →

Gold Drifted Lower

Gold Drifted Lower

Gold drifted lower early Friday on signs of a U.S.-China trade accord and as investors awaited U.S. GDP data to gauge the strength of the economy. Palladium remained near a record high reached Tuesday. Continue reading →

Gold Fairly Steady

Gold Fairly Steady

Gold fairly steady early Wednesday after rising just 10 cents Tuesday as investors awaited details of a trade deal. Meanwhile, spot palladium retreated after reaching an all-time record high above $2,000 an ounce. Continue reading →

Market Gage Gold Market Insights

Gold Hanging Tough

Gold hanging tough this morning, recovering some of the turf it lost late yesterday as uncertainty over the U.S.-China trade standoff and the Brexit timetable diminished, causing equities to rally and reducing the yellow metal’s attractiveness as an investment hedge. Continue reading →