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

Gold Clawing Back To $1770

Gold Clawing Back To $1770 

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 →

Sustainabiliity and DG in the News

Sustainability and DG making news

During the recent Gold Summitt in Vienna, Terry Hanlon, President and CEO of Dillon Gage Metals, and Ruth Crowell, CEO of the London Bullion Market Association were interviewed by Die Presse, a German-language daily broadsheet newspaper based in Vienna, Austria Continue reading →

Gold drops on Treasurys, Fed

Gold drops on Treasurys

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 On Dollar's Appeal

Gold Drops On Dollar’s Appeal

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 on soft dollar

Gold Rose on soft dollar

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 Fell On Recession Fears

Gold Fell On Recession Fears

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 →