Blog

Gold slipped Wednesday on the latest positive COVID-19 vaccine news, but the anticipated economic impact of surging coronavirus cases is still giving the bullion support. Continue reading →

Gold climbs back after vaccine news once again raises hopes. Drugmaker Moderna announced positive news on the effective rate of its COVID-19 vaccine, raising hopes for the economic recovery. The headlines took a bit of shine off gold’s safe haven status, but investors quickly stepped in to buy the dip. Continue reading →

Gold near $1,900 again this morning as rising COVID-19 cases weigh down vaccine optimism and increase the bullion’s safe haven appeal. Continue reading →

Gold eases on stronger dollar this morning as optimism over a potential COVID-19 vaccine boosts the market, but the yellow metal is still being supported by the belief that monetary support to resuscitate the economy is still possible. Continue reading →

Gold falls on vaccine news this morning. Pfizer and Germany’s BioNTech revealed trial data this morning that indicates a 90% effective rate for their Covid-19 vaccine. Gold dropped below $1,900 on the news, while U.S. Stock Futures surged, with the Dow set to rise a record 5% at the opening bell. Continue reading →

Gold up on weakened dollar as the yellow metal appears headed to its best week since July and the dollar looks at its worst week since March. Uncertainty about the U.S. election which would likely impact continued pandemic stimulus and monetary policy are supporting gold’s attraction. Continue reading →

Gold is back above $1,900 after sliding over 1% on Wednesday on presidential election doubts. The yellow metal’s rise in the last few hours this morning is attributed to the dollar steadying and rising hopes that Democrat Joe Biden could still win the White House, which raises hopes for a larger U.S. stimulus. Continue reading →

Gold rises on uncertainty Monday morning as investors veer to safe haven assets while eyeing Tuesday’s U.S. presidential election. Continue reading →

Gold climbing back toward $1,900 this morning following two straight sessions of declines. The yellow metal is riding the wave of investors seeking refuge on the news of rising COVID-19 cases and worries over the upcoming U.S. elections which have taken down the dollar’s recent rally. Meanwhile, the Dow is headed for its worst week since March. Continue reading →

Strong dollar pressures gold this morning, but doubts about the imminent U.S. presidential election and concerns over the COVID spike in the U.S. and Europe have limited the bullion’s losses. Continue reading →

Gold fighting stronger dollar Monday morning hanging a bit lower as the market reacts to fears of a repeat of the first European lockdown in the months ahead and the lack of progress in U.S. stimulus talks. Continue reading →

Gold rises on weaker dollar as investors seek the yellow metal’s safe haven against concerns over the pandemic and uncertainties over the presidential election. Continue reading →

Gold rises on stimulus hopes and dollar weakness. Early Wednesday optimism that U.S. lawmakers will reach an agreement on a multitrillion-dollar stimulus package sent the dollar to a one-month low. Continue reading →

Gold climbs this morning on weak dollar and renewed hope for a new U.S. stimulus agreement before the presidential election boosted demand for bullion. Continue reading →

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 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 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 rallies on weaker dollar and growing speculation that U.S. President Donald Trump was indicating stimulus package talks had resumed. This movement has put the yellow metal on pace for second straight weekly gains. Continue reading →

Gold falls and the dollar strengthened late Tuesday as stimulus talks halt after U.S. President Donald Trump tweeted his call for the end of stimulus relief negotiations until after the presidential election next month. Continue reading →

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 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 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 inches up Monday morning on weaker dollar, giving the yellow metal a boost off of its worst week since March, when the pandemic really began to spook all markets. Continue reading →

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 dips below $1,900 an ounce as the dollar traded near the highest level in almost two months after Federal Reserve President Jerome Powell testified that the economy’s path is “highly uncertain.” Continue reading →

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 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 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 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 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 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 →

Gold slips on jobs data this morning, losing some of its early gains off of a weaker dollar. Continue reading →

Growing economic optimism in the U.S. pressures gold early Wednesday after a bullish U.S. manufacturing report steadied the dollar and boosted equities. This morning’s disappointing U.S. employment report for August did give the yellow metal a lift off the overnight lows. Continue reading →

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 rises amid pandemic concerns early Friday, making up for ground lost in the first part of the week. Concerns about the potential for long-term COVID-19 affects on the global economy continue to be a primary driver. Continue reading →

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 up this morning on softer dollar, but hopes for progress in COVID-19 treatment reined in the safe-haven metal a bit. The dollar index dipped 0.4% after hitting a more than one-week high in the previous session. Continue reading →

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 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 →

Gold gains Monday morning on weaker dollar and disappointing manufacturing data out of New York state, recovering ground lost at the end of last week to profit taking and rising bond yields. Continue reading →

After nine straight weeks of gains, gold could be headed for a weekly dip. The yellow metal yo-yoed in a range of more than $100 since touching a record high just over a week ago. Continue reading →

Gold’s overdue correction took the metal below $1,900 an ounce early Wednesday, as the dollar strengthened and investors took profits following the yellow metal’s ascent to new records last week. Continue reading →

Gold rebounds from Friday when to-be-expected profit taking took the yellow metal off historic highs. Gold edged higher early Monday, continuing to trade above $2,000 an ounce. Continue reading →

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 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 hit new record early Monday, just short of $2,000 an ounce as, investors continued to flock to bullion as a hedge against uncertainty from the pandemic and economic woes. Continue reading →

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, 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 →

Gold surged to six-year high as geopolitical tensions in the Middle East ratcheted up, boosting the precious metal’s appeal as a hedge against uncertainty. Continue reading →

Gold at four-month high after the U.S. killed a key Iranian military commander, boosting the precious metal’s appeal as hedge against geopolitical uncertainty. Continue reading →

Gold steady at three-month high above $1,500 an ounce early Monday as it heads for its best year since 2010. Continue reading →

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 →

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 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 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 →