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Gold and silver hit record highs early Monday, with teh yellow metal landing solidly above $4400 an ounce, buoyed by haven demand amid the ramped up tensions between the U.S. and Venezuela as well as a weaker dollar and expectations of additional U.S. interest rate cuts. Continue reading →

Gold slipped early Friday but headed for a weekly gain as the markets considered the week’s mixed economic data. Both gold and silver are heading for their best annual performances since 1979. Continue reading →

Gold and silver rose early Wednesday, with silver hitting a record above $65 an ounce, driven by softer than expected U.S. jobs data for last month and haven demand from geopolitical uncertainty related to Venezuela. Continue reading →

Gold climbed early Monday to a near seven-week high as it got a boost from a weaker dollar and U.S. Treasury yields. Continue reading →

Gold traded near the highest level in seven weeks and silver was just below a record high Friday as investors weighed the impact of this week’s Federal Reserve monetary policy decision and statement. Continue reading →

Gold edges down Wednesday ahead of the Federal Reserve’s monetary policy decision, while silver climbed to new record highs above $60 an ounce. Continue reading →

Gold relatively steady in Monday morning trading ahead of the Fed policy meeting coming up on Wednesday. Continue reading →

Gold buildng on rate cut hopes, with an additional boost from a weaker dollar. Silver was steady after retreating from record highs.

Investors are awaiting key inflation data that may signal what the Federal Reserve will do at its upcoming policy meeting next week. The central bank is widely expected to cut interest rates for the third time in a row.

The Fed’s favorite inflation measure, the personal expenditures price index, is set for release Friday. The government shutdown in October and part of November delayed a lot of economic data, keeping policymakers largely blind when considering the state of the economy so the data that is available is being closely scrutinized. 

The private payrolls report from ADP on Wednesday, provided the most recent picture on labor market conditions on Wednesday. It showed the largest monthly drop in more than two and a half years in November, with a surprise 32,000-job decline. The Fed has said it closely watches inflation and labor market data when setting monetary policy.

The monthly U.S. jobs report for November, which normally comes out the first Friday of the following month, isn’t coming out until Dec. 16 and will be combined with the October report. The September figures came out Nov. 20. 

Investors are pricing in a 25 basis point cut at next week’s Fed meeting. More than 87% of the investors tracked by the CME FedWatch Tool are betting that the Fed will cut rates by 25 basis points Dec. 10, while the rest expect rates to stay unchanged. An additional rate cut would be considered bullish for precious metals, making them a more attractive alternate investment. 

October’s interest rate reduction to 3.75% to 4.00% was the second 25-basis point reduction in a row. The central bank began raising interest rates in March 2022 to fight inflation, ultimately imposing increases of by 5.25 percentage points before beginning rate cuts last year. 

February gold futures rose 0.3% Thursday to settle at $4,243.00 an ounce on Comex, and the most-active contract lost 0.3% in the first four days of the week. Bullion gained 6.5% last month after increasing 3.2% in October and surging 10% in September, the most in six months. It’s up 61% this year. The metal rose 27% in 2024, its biggest annual gain since 2010.  The February contract is currently up $20.40 (+0.48%) an ounce to $4263.30 and the DG spot price is $4242.90.

March silver futures decreased 1.9% Thursday to settle at $57.49 an ounce on Comex, though the most-active contract rallied 0.6% in the first four days of the week. Silver increased 19% in November after rising 3.3% in October and adding 15% in September. It’s almost doubled this year after rising 21% in 2024.  The March contract is currently up $1.189 (+2.07%) an ounce to $58.680 and the DG spot price is $58.57.

Silver traders took profits Thursday after the white metal rose to an all-time high earlier in the week on a historic squeeze in the London market. 

Spot palladium decreased 1.3% Thursday to $1,456.00 an ounce after gaining 0.3% in the first four days of the week. Palladium added 0.5% in November after rising 14% in October and gaining 14% in September. Palladium is up 57% this year after dropping 17% in 2024. Currently, the DG spot price is up $29.00 an ounce to $1478.00.

Spot platinum edged up 0.1% Thursday to $1,660.30 an ounce and up 0.2% so far this week. It climbed 4.7% in November after rising 1% in October and gaining 15% in September. Platinum is up 82% in 2025 after losing 8.4% in 2024.  The DG spot price is currently up $2.70 an ounce to $1658.50.

Disclaimer: This editorial has been prepared by Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or a recommendation regarding any particular security, commodity, or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities, or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand, and accept this disclaimer.

Gold rises as silver traded near a record high early Wednesday amid mounting expectations of lower U.S. interest rates and silver supply tightness. Rate cut hopes were boosted by this morning’s negative jobs report. Continue reading →

Gold rallies to a six-week high early Monday and silver climbed to a record high as the dollar fell and the metals attracted haven investors. Continue reading →

Gold rises to the highest level in almost two weeks early Wednesday on bets of rate cut by the Federal Reserve next month and a weaker dollar. Continue reading →

Gold climbs back after slipping early Monday when the dollar rose to near six-month highs. The yellow metals’s bounce back driven by growing hopes that the Federal Reserve will cut rates again next month and an ebbing dollar.

Gold little changed in early Friday but heading for a weekly drop after strong U.S. September jobs numbers on Thursday solidified expectations that the Federal Reserve will leave interest rates unchanged in December. Continue reading →

Gold jumps Wednesday morning as investors sought safe-haven assets ahead of a key data release delayed by the U.S. government shutdown and the minutes of the October Federal Reserve policy meeting for signals on which way monetary policy will go in December. Continue reading →

Gold little changed early Monday with investors awaiting economic data that is backlogged by the U.S. federal government shutdown for signals on monetary policy. Continue reading →

Gold slips early Friday amid increasing sentiment that the Federal Reserve may leave interest rates unchanged next month, though a softer dollar has the yellow metal headed for a weekly gain. While spot gold dropped 3.1% as of 09:02 a.m. ET, it’s still up 1.4% this week. Continue reading →

Gold steady early Wednesday, ticking up a little as investors anticipate a December rate cut once economic reports resume. The yellow metal was subdued by a stronger dollar and profit taking. Continue reading →

Gold rises early Monday to two-week high on haven demand after U.S. consumer sentiment fell to almost the lowest level on record, signaling a weakening economy. The yellow metal also boosting on signs that the government may be opening, giving rise to hopes of economic data finally being released that supports a December rate cut. Continue reading →

Gold ticks up early Friday after a private report showed weak U.S. numbers, with the largest drop in more than 20 years for an October. Continue reading →

Gold rose early Wednesday from a one-week low on safe haven buying, shrugging off Wednesday morning’s stronger than expected ADP jobs report. Continue reading →

Gold firms above $4,000 an ounce in Monday morning trading as investors await Wednesday’s private payroll data. That’s despite a stronger dollar, the end of a tax rebate in China and concern that the Federal Reserve may not cut interest rates again this year. Continue reading →

Gold ticked back up but still heading for a weekly drop as uncertainty over whether the Federal Reserve would cut interest rates again in December boosted the dollar. Continue reading →

Gold climbs from three-week low early Wednesday as investors awaited the afternoon’s monetary policy announcement from the Federal Reserve and a summit between the U.S. and Chinese leaders. The yellow metal regained nearly 2% with spot gold rising back above $4000 an ounce. Continue reading →

Gold falls in early Monday trading on a stronger dollar and growing U.S-China trade deal hopes as tensions appear to lessen ahead of the summit between the U.S. and Chinese leaders later this week. Continue reading →

Gold regains ground back over $4100 an ounce on this morning’s cooler than expected inflation data. The yellow metal still expected to take a break from nine weeks of rallies on a profit-taking selloff from record highs and signs that the trade standoff between the U.S. and China might thaw. Continue reading →

Gold slips from record high territory but still on track for its strongest year since 1979 thanks to a 50% leap in price over 2025. Continue reading →

Gold jumps back over $4300 an ounce after swinging between gains and losses early Monday following a sharp selloff late last week which dropped from a record-breaking rally.  Continue reading →

Gold and silver climbed to new record highs early Friday on fears about a credit crisis and ongoing trade tensions between the U.S. and China as speculation mounted over a monetary policy. The yellow metal soared past the $4300 an ounce mark, before retreating after President Trump said his proposed 100% tariff on goods from China would be unsustainable. Continue reading →

Gold rises to new record highs above $4,200 an ounce early Wednesday, fueled by speculation on Federal Reserve monetary policy and the latest trade standoff between the U.S. and China as silver soared to the highest level in decades. Continue reading →

Gold and silver hit all time highs early Monday. Gold rose as investors revved up their safe-haven bets after U.S. President Donald Trump renewed tariff threats against China. Silver’s climb sparked amid a short squeeze in the London market.  Continue reading →

Gold rose early Friday, as it headed for its eighth consecutive weekly advance amid robust haven demand. Meanwhile, silver topped $50 an ounce for the first time in decades. Continue reading →

Gold extends its record-breaking rally early Wednesday after closing above $4,000 an ounce for the first time ever in the previous session. The bullion has risen 50% in the past year. Continue reading →

Gold rises above $3,900 an ounce to a new record high on haven demand early Monday and was poised just below the $4,000-an-ounce threshold. Silver joined the yellow metal’s rise, hitting over a 14-year high, solidly above the $48.00 an ounce mark. Continue reading →

Gold heads for its seventh consecutive weekly gain, though it was little changed early Friday, amid uncertainty surrounding the U.S. government shutdown. Spot gold hit a record high of $3,896.49 on Thursday and has gained 3.1% so far this week. Continue reading →

Gold tops the $3800 benchmark, hitting yet another record high early Monday as a potential U.S. government shutdown and geopolitical concerns drove safe-haven demand. The bullion was also buoyed by a softer dollar and expectations of more U.S. rate cuts. The surge follows gold’s sixth consecutive weekly gain as investors await further signals about the state of the economy and monetary policy. Continue reading →

Gold steady Friday, headed for a sixth weekly gain as investors access this morning’s inflation data that lifts rate cut hopes. U.S. inflation data came in line with expectations, reinforcing bets that the Federal Reserve may continue with interest rate cuts later this year. Meanwhile, platinum is at over a 12-year high. Continue reading →

Gold hits new record early Monday, ahead of a series of speeches by Federal Reserve policymakers that may shine additional light on monetary policy and the state of the economy, days after the central bank announced its first interest rate cut in nine months. Continue reading →

Gold set for fifth weekly gain despite a slight retreat early Friday from Wednesday’s record highs as the dollar strengthened. Traders await further cues on the direction of U.S. policy outlook two days after the Federal Reserve announced its first interest rate cut in nine months. Continue reading →

Gold retreats from record highs early Wednesday as the dollar strengthened and investors await direction from the Fed later today. Continue reading →

Gold rally continues ahead of Wednesday’s Fed meeting with gold futures dancing around the $3700 an ounce benchmark, supported by this morning’s subdued economic data and hopeful Chinese trade talk news. Continue reading →

Gold climbed back near a record high early Friday, heading for a fourth consecutive weekly gain after weak job and inflation data this week made it all but certain that the Federal Reserve will cut interest rates next week. Silver joined the soaring yellow metal, hitting a 14-year high. Continue reading →

Gold sticks near-record highs Wednesday after this morning’s softer than expected inflation data that combines with Tuesday’s labor market data to strengthen the case that the Federal Reserve will cut interest rates next week. Continue reading →

Gold extends record high this morning, solidly above $3600 an ounce. The yellow metal hit a record on Friday’s monthly U.S. jobs report that came in weaker than expected, solidifying bets that the Federal Reserve will cut interest rates next week and possibly as many as three times this year. Continue reading →

Gold hits new record above $3580 an ounce on this morning’s jobs report, headed for its third weekly advance as Friday’s key U.S. monthly jobs report data reinforces expectations that the Federal Reserve will cut interest rates later this month.

Nonfarm payrolls increased by just 22,000 for August, lower than the 75,000 forecast, while the unemployment rate rose to 4.3% according to the Bureau of Labor Statistics. The report showed a marked slowdown from the July increase of 79,000, which was revised up by 6,000. Revisions also showed a net loss of 13,000 in June. The August jobs report is one of the central bank’s most closely watched economic indicators, along with inflation. Today’s data shows that the labor market extended its weakness to the longest stretch since the pandemic. Gold is a traditional hedge against economic uncertainty. It also tends to rally when the Fed reduces interest rates, becoming a more attractive alternate investment. 

December gold futures fell 0.8% Thursday to settle at $3,606.70 an ounce on Comex, and the yellow metal is up 2.6% so far this week. U.S. financial markets were closed Monday for the Labor Day holiday. Bullion added 5% in August after gaining 1.2% in July and slipping 0.2% in June. It’s up 37% this year. The metal rose 27% in 2024, its biggest annual gain since 2010.  The December contract is currently up $27.70 (+0.77%) an ounce to $3634.40 and the DG spot price is $3593.80.

Ahead of the U.S. nonfarm payrolls report, ADP data showed Thursday that private-sector employment growth slowed last month. The report released Thursday showed an increase of 54,000 jobs in August, well below the 75,000 forecast by economists and the 104,000 the report showed for July. 

In addition to the economic picture, gold has rallied on concerns about the Fed’s independence in setting monetary policy. U.S. President Donald Trump attempted to fire Fed Governor Lisa Cook for alleged mortgage fraud last week and she has sued to retain her job. 

Separately, Stephen Miran, whom Trump nominated last month to fill the unfinished term of Fed Governor Adriana Kugler, said this week at his confirmation hearing that he doesn’t plant to leave his current position as chair of the White House Council of Economic Advisers if confirmed. That would give the White House a direct line to the traditionally independent central bank. Trump and his administration have long called for expedited rate cuts.

Over 83% of the investors tracked by the CME FedWatch Tool are betting that the Fed will cut rates by 25 points this month, while 16% say the rate cut will be 50 points. The central bank began raising interest rates in March 2022 to fight inflation, ultimately imposing increases of by 5.25 percentage points before beginning rate cuts last year. The Fed kept interest rates unchanged in July at 4.25% to 4.50%, a rate that it’s held all year. 

The Fed’s favorite inflation measure, the personal consumption expenditures price index, came out  last week with July data. The measure showed that core inflation rose to 2.9% in July, the highest level since February. The Fed’s inflation target is 2%. 

Front-month silver futures lost 1.5% Thursday to settle at $41.42 an ounce on Comex, though the metal is up 1.7% so far this week. Silver rallied 11% last month after rising 1.5% in July and increasing 9.5% in June. It rose 21% in 2024. The December contract is currently up $0.418 (+1.01%) an ounce to $41.835 and the DG spot price is $41.46.

Spot palladium decreased 2.9% Thursday to $1,131.50 an ounce but is up 1.8% so far this week. Palladium decreased 7.8% in August after climbing 8.8% in July and surging 14% in June. Palladium dropped 17% last year. The DG spot price is currently up $5.70 an ounce to $1141.50.

Spot platinum retreated 4.4% Thursday to $1,376.30 an ounce, though it’s up 0.5% this week. It rose 5.9% last month after dropping 3.9% in July and climbing 27% in June. Platinum lost 8.4% in 2024.  The current DG spot price is up $27.20 an ounce to $1398.80.

Disclaimer: This editorial has been prepared by Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or a recommendation regarding any particular security, commodity, or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities, or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand, and accept this disclaimer.

Gold extended gains early Wednesday on haven demand for the precious metal and increasing confidence that the Federal Reserve will cut interest rates at its upcoming meeting this month. Continue reading →

Gold ticks up despite Friday morning’s inflation data and remains firmly above $3400 an ounce, headed for a weekly and monthly gain on a soft dollar and continued hopes that the Federal Reserve will cut interest rates next month. Continue reading →

Gold holds steady early Wednesday despite being pressured by a strengthening dollar, supported by the Fed turmoil, as U.S. President Donald Trump’s standoff with the Federal Reserve continues. Continue reading →

Gold slipped early Monday, coming off a two-week high, after the dollar strengthened coming off a four-week low. Continue reading →

Gold little changed, slipping early Friday on a stronger dollar as investors awaited further direction from Federal Reserve Chairman Jerome Powell’s scheduled remarks later in the day in Jackson Hole, Wyoming. Continue reading →

Gold gains on softer dollar Wednesday morning ahead of Fed minutes as investors await further direction from upcoming signals on monetary policy. Continue reading →

Gold edges up early Monday from a two-week low as investors awaited the result of an upcoming summit between Ukrainian President Vladimir Zelenskyy and U.S. President Donald Trump on steps toward a peace agreement between Russia and Ukraine. 

Zelenskyy, Trump and key European leaders are set to meet in Washington on Monday, days after Trump’s summit with Russian President Vladimir Putin in Alaska. Separately, investors waited for signals on the Federal Reserve’s next moves on monetary policy.

December gold futures fell 3.1% last week to settle at $3,382.60 an ounce on Comex after the front-month contract slipped 60 cents Friday. Bullion gained 1.2% in July after slipping 0.2% in June and losing 0.1% in May. It’s up 28% this year. The metal rose 27% in 2024, its biggest annual gain since 2010. The December contract has currently ticked down $3.5 (-0.10%) an ounce to $3379.10 and the DG spot price is $3334.60.

Following Zelenskyy’s one-on-one talks with Trump in the Oval Office Monday, the leaders will meet with French President Emmanuel Macron, German Chancellor Friedrich Merz, British Prime Minister Keir Starmer, Italian Prime Minister Giorgia Meloni, European Commission President Ursula von der Leyen, Finnish President Alexander Stubb, and NATO Secretary General Mark Rutte.

On the economic front, the minutes of the last Fed policymakers’ meeting last month are scheduled for release Wednesday, and Fed Chairman Jerome Powell is set to speak Friday at the central bank’s annual gathering at Jackson Hole, Wyoming. 

Investors are overwhelmingly betting on a rate cut at the Fed’s next policy meeting in September and most expect one more this year, though economic reports including on inflation and the labor market may affect policymakers’ thinking. Lower interest rates are typically bullish for gold, making the yellow metal a more attractive alternate investment. 

The Fed minutes are likely to provide a snapshot of policymakers’ thinking when they voted to keep interest rates unchanged last month at 4.25% to 4.50%. The Fed has held at that rate all year, despite encouragement from the Trump administration to immediately impose cuts. 

Over 85% of the investors tracked by the CME FedWatch Tool are betting that the Fed will cut rates next month. The central bank began raising interest rates in March 2022 to fight inflation, ultimately imposing increases of by 5.25 percentage points before beginning rate cuts last year. But two key reports released last week showed that U.S. inflation surged last month, weighing on the economy. 

In economic news this week, U.S. housing starts for July come out Tuesday, followed by U.S. leading economic indicators for July and weekly initial jobless claims on Thursday. Then U.S. consumer confidence data comes out Friday.  

Front-month silver futures decreased 0.2% last week to settle at $38.47 an ounce on Comex after the most-active contract rolled to December from September. The December contract fell 0.3% Friday. Silver rose 1.5% in July after increasing 9.5% in June and adding 0.6% in May. It rose 21% in 2024. The September contract is currently up $0.100 (+0.26%) an ounce to $38.075 and the DG spot price is $38.05.

Spot palladium tumbled 1.7% last week to $1,120.50 an ounce after falling 2.9% Friday. Palladium climbed 8.8% in July after surging 14% in June and advancing 2.8% in May. Palladium dropped 17% last year. Currently, the DG spot price is up $3.70 an ounce to $1122.50.

Spot platinum rallied 0.5% last week to $1,345.40 an ounce but declined 1.2% Friday. It dropped 3.9% in July after climbing 27% in June and rising 8.6% in May. Platinum lost 8.4% in 2024.  The DG spot price is currently down $3.90 an ounce to $1338.30.

Disclaimer: This editorial has been prepared by Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or a recommendation regarding any particular security, commodity, or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities, or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand, and accept this disclaimer.

Gold flat early Friday but heading for a weekly dip after two key inflation reports released this week showed that U.S. inflation surged last month, weighing on the economy and hopes for a series of large interest rate cuts. Continue reading →

Gold ticks up early Wednesday, buoyed by a weaker dollar and growing U.S. Federal Reserve rate cut hopes for September following mild inflation data, but coming off recent highs after the White House said it wouldn’t impose tariffs on gold imports. Continue reading →

Gold climbed early Friday and headed for a weekly gain after a report that the U.S. was imposing tariffs on imports of 1 kilogram gold bars.  Continue reading →

Gold eases early Wednesday following its longest rising streak since February as concerns about the state of the economy attracted haven investors. The bullion also slipping Wednesday as Treasurys rise. Continue reading →

Gold on the rise this morning as investors buy the dip with DG spot gold closing in once again on $3400 an ounce. The yellow metal had retreated early Monday in a likely technical correction after Friday’s rally following a weak jobs report that boosted speculation that the Federal Reserve would have to step up its timetable for interest rate cuts. Continue reading →