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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 →

Gold up on weaker dollar this morning, even though the U.S.-China trade accord reduced the yellow metal’s attractiveness as an investment hedge. Continue reading →

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 →

Gold steady on inflation data this morning as the markets await today’s policy statement from the Federal Reserve and amid speculation on whether the Trump administration will impose a new round of tariffs on China as scheduled on Sunday. Continue reading →

Gold modestly up this morning on less than positive economic news out of China. The yellow metal regained some of the ground it lost after slipping Friday on a better-than-expected U.S. jobs report.

The positive job number reduces the urgency for a trade accord with China and helps justify a Federal Reserve decision — widely expected Wednesday — to keep interest rates unchanged. Continue reading →

Gold slips on jobs report this morning, taking a bit of shine off a positive week. Lingering uncertainty over the potential U.S.-China trade deal kept the yellow more attractive as a hedge over the past few days.

This morning’s non-farm payroll numbers surged, up 266,000. The expected increase was 180,000. This is the biggest jump since January. The end of the GM strike boosted employment in motor vehicles and parts by 41,300, part of an overall 54,000 gain in manufacturing. Continue reading →

Gold near a one-month high as the yellow metal fluctuates through the early morning hours driven by disappointing job numbers and new hopeful trade comments from President Trump.

Gold rose significantly on Tuesday after U.S. President Donald Trump said that it might be better to wait until after the 2020 presidential election in November to sign a trade deal with China. Continue reading →

Gold rises on weak ISM data this morning. After drifting a bit lower early this morning on an equities rally, the yellow metal got a shot in the arm and the Dow took a hit when the ISM Manufacturing PMI dipped to 48.1 for November. That’s below an estimate of 49.4 and under October’s 48.3. Continue reading →

Gold holding above $1,450 despite stumbling on strong economic data released this morning. Three new pre-holiday reports show positive signs including a drop of 15,000 in U.S. weekly jobless claims, better-than-expected growth in the U.S. third quarter GDP (up an annual rate of 2.1% versus the forecast 1.9%), and the U.S. Commerce Department report showed an increase of .6% in U.S. durable-goods orders for October, that’s up from September’s revised 1.4% drop. Continue reading →

Gold slipped earlier Monday to a one-week low amid signs that the U.S. and China were edging closer to a trade deal.

Equities and the dollar rallied, making gold less attractive as an alternative investment. Gold prices skyrocketed earlier this year as a hedge against uncertainty as the U.S.-China trade standoff worsened. Continue reading →

Gold firmed up early Friday amid doubts over whether the U.S. and China will manage to sign a trade deal this year.

Reuters reporting that Chinese President Xi Jinping said his country wants to work out an initial trade pact with the United States, but is not afraid to retaliate if necessary. Continue reading →

Gold rose on trade-deal fears early Wednesday and have now leveled off in anticipation of the FOMC minutes which will be released this afternoon.

U.S. President Donald Trump renewed a threat of tariffs on Chinese imports on Tuesday. “If we don’t make a deal with China, I’ll just raise the tariffs even higher,” Trump said during yesterday’s Cabinet meeting, according to Reuters. Continue reading →

Gold climbing on Chinese pessimism this morning, after an overnight dip that was driven by renewed optimism.

The reversal is reported this morning by CNBC.com. Continue reading →

Gold slips on U.S. Retail Data released this morning for October that showed a rebound.

While October shopping was up, consumers cut back on big ticket items. Commerce Department reports retail sales increased 0.3%, primarily on motor vehicle purchases and higher gas prices. This reversed September’s 0.3% drop and topped a forecast rise of 0.2%.

Gold dipped yesterday after White House Economic Adviser Larry Kudlow said trade talks between the U.S. and China for phase one of a trade agreement were near the final stages. “We are coming down to the short strokes,” he told reporters late Thursday, according to Bloomberg. Continue reading →

Gold shrugs off inflation data this morning as the U.S. Consumer Price Index shows a 0.4% rise for October according to the U.S. Labor Department. Consensus forecasts were calling for a rise of 0.3% following September’s flat number. The October number marks the highest monthly increase since March. Continue reading →

Gold enjoyed a a bump up this morning on continued trade uncertainty over the U.S.-China trade accord and disappointing Chinese producer price data over the weekend.

The yellow metal settle at $1,462.90 an ounce Friday on Comex. It rose to $1,467.90 earlier this morning, but is back to $1,461.30. Continue reading →

Gold regains a bit this morning on trade doubts that lingered over the U.S.-China deal, but the yellow metal is poised for an overall down week. Continue reading →

Gold rebounded this morning, regaining part of a nearly 2% decline in the previous session, as sentiment about a U.S.-China trade pact wobbled.

U.S. and Chinese officials are actively considering rolling back some tariffs to reach the partial trade deal that they’re currently negotiating, Continue reading →

Gold is steady near a five-week high this morning on a weaker dollar and signs of a possible U.S.-China trade accord. It’s basically shrugging off overnight world stock market rallies which are giving the U.S. Stocks a big boost, heading for new all-time highs at the opening bell. Continue reading →

Jobs report dulls gold as the data released this morning shows U.S. jobs growth slowed less than expected in October and China’s factory activity expanded at its fastest pace in more than two years.

The non-farm payrolls data released by the Labor Department showed jobs growth in October came in at 128,000. Economists polled by Reuters had predicted just 89,000 jobs. However, growth still slowed from September.
Continue reading →

Gold dinged by hopeful U.S. GDP data released this morning, in addition to a jump in private payroll numbers, as investors await a monetary policy decision from the U.S. Federal Reserve this afternoon.

This morning’s report shows that 3rd quarter U.S. economic Continue reading →

Gold slips on record stocks this morning. Any other major shifts in gold likely await the monetary policy decision this week from the Federal Reserve and further signs the U.S.-China trade dispute may be resolved in the coming weeks.

The S&P 500 hit a record high this morning. CNBC reporting a break above the all-time high set over the summer. The S&P rose 0.6% to trade above 3,027.98, the record set on July 26, prompted by investors’ positive view of the U.S. China trade talks. Continue reading →

Gold rises to two-week high earlier this morning after settling above the key $1,500-an-ounce threshold for the first time since Oct. 10. After gaining 1.1% this week, gold looks headed to its best week in five.

Investors fled to safety in the yellow metal amid weak economic data from the U.S. that also made it more likely that the Federal Reserve will boost interest rates for a third consecutive time next week. Meanwhile, the BBC reported that European Union ambassadors will meet to discuss how long a Brexit extension to offer the U.K. and Parliament considers Prime Minister Boris Johnson’s call for an early election in December. Continue reading →

Gold rises on flight to safety. Gold and silver rose this morning as investors fled to safe-haven assets after the U.K. Parliament blocked Prime Minister Boris Johnson’s timetable to exit the European Union by the end of this month.

An election in the U.K. looked more likely after the House of Commons — within minutes — voted to back the government’s new withdrawal bill and then rejected the timetable. European Council President Donald Tusk said after the vote that he would recommend that EU leaders agree to an extension. Johnson will seek an election if a delay is granted, the BBC reported, citing an unidentified person in Johnson’s office. Continue reading →

Overnight, the U.S. dollar index dropped to a nine-week low giving gold and its precious metals family a boost.

Investors are still looking for signals on Brexit, the U.S.-China trade talks and whether the Federal Reserve will cut interests rates for a third time at the end of the month. Continue reading →

Gold hopes for weekly advance. After climbing over $1,500 yesterday on mixed economic data from the U.S. in the morning and decidedly bleak Chinese economic data, the yellow metal dipped again closer to $1,490 this morning as the U.S. stock market regained some ground. Continue reading →

Low retail numbers boosting gold this morning. U.S. retail sales fell in September for the first time in seven months. Sales dropped 0.3% as households slashed spending on building materials, online purchases and especially automobiles according to the latest data from the U.S. Commerce Department. A 0.2% rise had been forecast. These unexpected numbers are raising concerns that the slowdown in the American manufacturing sector could be bleeding into the consumer side of the economy.
Continue reading →

Gold rebounds on renewed trade doubts after taking a hit on Friday’s optimistic headlines of a trade deal between U.S. and China. After surging on Friday, stock markets are heading down as investors grow pessimistic on the “handshake” deal.

On Friday, gold fell after it was reported that China had agreed to more than double its annual purchases of U.S. agricultural products to as much as $50 billion, while U.S. President Donald Trump agreed to hold off on another round of tariff increases set for this week.
Continue reading →

Part 3: A Look Ahead

In this three-part series, we looked at how new demand drivers combined with shrinking supply surplus and low pricing is evidence that platinum is fighting back from recent struggles – and still has a place to shine in every bullion portfolio. Continue reading →

Gold eases on renewed trade hopes as the standoff between the U.S. and China NOW appears to be on a positive track. Precious metals are now awaiting reaction to the next potential market mover, the release of this afternoon’s FOMC minutes.

Late yesterday, gold got a headwind when tariff talks had seemed to worsen in the leadup to talks between the two nations Thursday and Friday in Washington. But now, Bloomberg is reporting that China is still open to agreeing to a partial trade deal, citing an official with direct knowledge of the talks. The headline boosted U.S and Eurozone stock markets and took a bit of shine off the yellow metal. Continue reading →

Gold steady ahead of trade talks, remaining little changed early Monday as investors looked for signs about the direction of the negotiations between the U.S. and China, which are scheduled to resume this week in Washington.

Investors have turned to bullion as a hedge against uncertainty when the talks appear to be stalling. The next round of discussions is scheduled for Oct. 10 and Oct. 11. Continue reading →

Part 2: Pricing and Supply

In the first installment of our three-part platinum series, we outlined how significant changes are being made in the platinum market as the metal moves away from outdated sources of demand, finds new avenues of demand in technology, and once again begins to appeal to investors. Today we’ll look at how the factors affecting supply and price are showing further signs that 2019 may finally start to bring a reversal of fortune for platinum. Continue reading →

Gold eyeing $1,500 again this morning on safe haven investing. The yellow metal had rebounded Tuesday when weak U.S. manufacturing data for September spurred fears of a global economic slowdown. Gold received a further boost from this morning’s ADP U.S. new jobs report which fell shy of expectations furthering economic growth concerns.

Private sector employment increased by 135,000 jobs in September, but the August number was 157,000. According to ADP: “The average monthly job growth for the past three months is 145,000, down from 214,000 for the same time period last year.” Continue reading →

Gold slipped early Monday as the U.S. dollar traded near a three-week high, making the yellow metal less attractive as investor risk appetite grows.

Gold’s direction today is likely to be determined by the latest twists in the trade standoff between the U.S. and China. Bloomberg reported that the Trump administration is considering ways to limit U.S. money going into Chinese, but the U.S. Treasury said it has no plans to stop Chinese companies from listing on U.S. exchanges. Continue reading →

Gold fighting this morning against a stronger dollar. Late Thursday, investors turned to the dollar as an alternate safe-haven asset amid political uncertainty in the U.S.

The dollar Index hit a new high for 2019 in the early hours today responding to a weakened euro as well as domestic concerns. Continue reading →

Part 1: Shifting demand

Gold and Silver’s rebound may be catching the headlines lately, but behind the scenes, platinum has also been showing new signs of life.

For decades, platinum’s winning combination of scarcity and demand boosted prices to levels far exceeding gold. But demand drivers have shifted in recent years, forcing the once-shining star to fall behind its other industrial metal peers. In this three-part series, we’ll look at how platinum is adapting to the latest technology and signs that 2019 may finally start to bring a reversal of fortune for this battered metal. Continue reading →

Gold holding steady this morning after climbing to a three-week high in Tuesday’s session as investors flocked to the yellow metal as a hedge against uncertainty after the U.S. House of Representatives launched an impeachment inquiry into President Donald Trump.
Palladium climbed to a new record.

The December gold contract rose 0.6% Tuesday to settle at $1,540.20 an ounce on Comex, the highest closing level since Sept. 4. Bullion gained 1.7% in the first two days of the week. Silver slipped 0.4% Tuesday but has outpaced gold this week, with the most-active December up 4.4% in the first two days. Continue reading →

Gold rose on geopolitical fears and uncertainty early Monday as its attractiveness as a hedge grew on rising tensions between Iran and Saudi Arabia. Palladium climbed to a new record.

The U.S. announced late last week that it was sending troops to Saudi Arabia after drone attacks on key oil facilities in the kingdom. Both the U.S. and Saudi Arabia have blamed Iran for the attacks. The Iranian president warned Sunday that foreign forces are threatening the security of the region. He pledged to unveil a peace initiative at the United Nations General Assembly later this week in New York. Continue reading →

Gold holding on as dollar rises this morning. The dollar had slumped late yesterday boosting the yellow metal in the early hours. So far, gold is holding above $1,500 and is striving for its first weekly rally in a month. Palladium climbed to a new record.

The U.S. dollar had slipped after the Fed’s rate cut on Wednesday, dropping .3% on Thursday, but concerns over geopolitical tensions and a slowing global economy have boosted the dollar’s attractiveness. Continue reading →

Gold ticked up ever so slightly this morning as tensions between the U.S. and Iran sparked headlines after President Trump threatened increased sanctions via Twitter. Meanwhile, investors await this afternoon’s monetary-policy decision from the U.S. Federal Reserve.

The yellow metal shrugged off happy numbers from the Commerce Department as U.S. housing starts rose 12.3% to a seasonally adjusted annual rate of 1.36 million units last month. Industry forecasts had expected around 1.25 million to 1.26 million units. Also this morning, the Commerce Department reported 1.42 million building permits, beating the 1.31 million forecast. This report is important as an indicator of future construction activity. Continue reading →

Gold climbs on Saudi drone strike, rising early Monday on its attraction as a safe-haven asset following the drone attack on Saudi Arabian oil facilities over the weekend.

Houthi rebels battling Saudi Arabia in Yemen took credit for the strike, but the Trump administration has blamed Iran, setting the stage for a possible geopolitical standoff. Continue reading →

Gold back over $1,500 this morning, but could still be headed for its third consecutive weekly loss Friday as optimism about U.S.-China trade relations grew, reducing the yellow metal’s appeal as a hedge against uncertainty. However, the indications that world central banks are leaning towards monetary policy easing is keeping gold over the psychological $1,500 mark.

This morning’s economic news, including up U.S. Retail sales for August (up 0.4% – the expected rise was 0.2%) and a positive Consumer Sentiment for September (coming in at 92.0, rather than the forecast 91.4) took a little shine off gold, but not a significant hit. Continue reading →

Gold is little changed this morning after the most-active futures contract settled below $1,500 an ounce for the first time in more than a month on Tuesday. This morning, the August Producer Price Index (PPI) rose a stronger-than-expected 0.3%. Even though this jump in producer prices could lead to inflation pressure, gold saw little to no reaction.

The December gold contract fell 0.8% Tuesday to $1,499.20 an ounce on Comex as bond yields rose for a fifth day and the dollar strengthened. The December contract ticked down a touch this morning, currently at $1,498.00. Futures fell 1.1% in the first two days of the week, adding to losses last week on weak economic data, uncertainty over the U.S.-China trade war, fears of an economic recession and heightened speculation of monetary easing from central banks around the world. Continue reading →

Gold ticks up this morning, as bulls push through any signs of lessening risk aversion. The yellow metal also getting support from the weak economic data from both the U.S. and China that is heightening speculation of monetary easing from central banks around the world.

China’s exports unexpectedly contracted in August, with sales to the U.S. tumbling amid the escalating trade war between the two nations, Bloomberg reported. Exports decreased 1% in dollar terms from a year earlier, while imports declined 5.6%, leaving a trade surplus of $34.84 billion, according to data Sunday from the customs administration. Economists had forecast that exports would grow 2.2%, while imports would shrink by 6.4%. Continue reading →