Gold heads for down week on Fed speculation

Gold heads for down week on Fed speculation

Gold heads for a down week driven by Fed speculation. The yellow metal was little changed early Friday, but is poised for its worst week in more than three years, after Federal Reserve Chairman Jerome Powell said that the central bank doesn’t need to be “in a hurry” to cut interest rates because of strong economic growth. A rising dollar is also suppressing the bullion. Continue reading →

Gold down as dollar surges

Gold down as dollar surges in early morning trading. The yellow metal extended declines early Monday after tumbling last week on rising bond yields and a stronger dollar after Donald Trump’s reelection to the White House. The dollar index rose 0.3% in early morning trading following last week’s weekly gain. Continue reading →

Shipping to Dillon Gage

Shipping to Dillon Gage

With the volatility in precious metal markets, we are experiencing a large increase in the volume of transactions, particularly with incoming shipments.  When shipping packages to any Dillon Gage location, we request that you adhere to the following procedures:

  • Each box must contain a copy of the purchase order confirmation from Dillon Gage or similar packing slip that has the Dillon Gage PO number or Fiztrade confirmation number.
  • Packing slip must reference the Dillon Gage PO number.
  • Inventory should be separated and organized according to product type. (i.e. silver rounds separate from silver eagles, etc)
  • Metal should be packaged so that it does not rattle around within the box.
  • Package should be double-boxed and securely taped.
  • For additional details, please watch this short video tutorial.

Thank you for your assistance with this as it will help expedite the processing and payment of transactions. Packages that do not follow these guidelines may experience delays in processing and incur an additional fee.

Also, please note that purchase orders will be automatically updated for any merchandise that arrives and has a discrepancy of 5 oz or less of silver.

Gold slips as some geopolitical risk ebbs

Gold slips as some geopolitical risk ebbs

Gold slips early Monday as some geopolitical risk ebbs after Iran said its oil industry was operating normally following Israel’s strike on military targets over the weekend. The yellow metal fell $22 an ounce from last week’s record high before climbing its way back above $2740. Continue reading →

Gold rises on geopolitical risk

Gold rises on geopolitical risk

Gold rises to another record high early Wednesday on geopolitical risk including the conflicts in the Middle East and the upcoming U.S. election. Spot gold hit a record high of $2,758.37 while U.S. gold futures edged 0.2% higher to $2,764.30. Since the high, the bullion has dropped on profit-taking with spot gold slipping $20 an ounce. Continue reading →

Gold extended gains around record

Gold extended gains around record

Gold extended gains and traded around record levels early Friday amid optimism about Federal Reserve interest rate cuts next week after a number of data releases this week showed that the economy may be slowing. Gold has hit record highs in each of the past six months and gained about 24% so far in 2024. Continue reading →

Gold steady ahead of jobs reports after early morning dip

Gold steady ahead of jobs reports after early morning dip

Gold steady ahead of jobs reports after experiencing an early morning dip. Investors await the release of some of the last major economic indicators due out before the Federal Reserve policy meeting later this month. Gold briefly lost ground early Wednesday due to an equity sell-off. DG spot gold fell 0.2% to $2,476.14 per ounce, hitting its lowest since Aug. 22nd, while gold futures were also down 0.2% to $2,519.10. Bulls quickly stepped in to buy the dip, reclaiming most of the lost ground. Continue reading →

Gold rises ahead of Fed, jobs reports

Gold rises ahead of Fed, jobs reports

Gold rises early Wednesday ahead of Fed, and jobs reports. The bullion was poised to cap its biggest monthly gain since March amid speculation that the Federal Reserve will clearly indicate that interest rate cuts are imminent in its policy statement due out in the afternoon. Safe haven impulses driven by the latest violence in the Middle East is also giving the yellow metal a boost. Continue reading →

Gold slips, still aims for weekly gain

Gold slips, still aims for weekly gain

Gold slips briefly below $2400 on this morning’s inflation data but still aims for weekly gain. The yellow metal lost ground earlier Friday on profit taking after rallying in the previous session on a report showing that U.S. inflation cooled to the slowest pace in a year in June. Continue reading →