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Gold fades on this morning’s hot inflation report, but sticks above $2300 an ounce, after hitting an all-time high of $2,365.09 per ounce on Tuesday as investors sought a haven from risks related to inflation and geopolitical uncertainty. Continue reading →

Gold extends record breaking rally, rising early Monday, as momentum grew in the yellow metal, fueled by central bank buying and haven demand. Continue reading →

Gold retreats after reaching a new record high, as investors took profits after the precious metal rose above $2,300 an ounce on Thursday. The bullion slipped further on this morning’s positive job numbers. Continue reading →

Gold pauses after hitting another record high early Wednesday amid increased haven demand because of geopolitical and economic uncertainty. Gold rose to $2,288.09/ounce early in the trading day, but has pulled a bit back on as U.S. 10-year bond yields hover near four-month peak. Continue reading →

Gold hits new record high after Friday’s inflation report, rallying early Monday on reinforced bets that the Federal Reserve will begin cutting interest rates in June. Continue reading →

Gold edges up sticking near record highs early Wednesday as investors awaited key inflation data due out Friday for further indications on the timetable of the Federal Reserve’s anticipated rate cuts. Continue reading →

Gold rises early Monday as the dollar weakened amid hopes of a Federal Reserve rate cut in June. Continue reading →

Gold drops off record high early Friday as investors took profits and the dollar rose to a three-week high against rival currencies, putting it on track for a second weekly rise. Continue reading →

Gold was little changed early Wednesday with investors awaiting the release of the latest monetary policy statement from the Fed later today for further direction. Continue reading →

Gold slips early Monday on investors pushing out the anticipated rate cut timeline of expected interest rate increases from the Federal Reserve. Continue reading →

Gold slips early Friday after a second hot inflation report this week, pushing out analysts’ expected timeline on Federal Reserve interest rate cuts and pressuring gold prices as the dollar and Treasury yields strengthened. Continue reading →

Gold regains some ground early Wednesday, firming up after dropping more than $20 an ounce on Tuesday’s inflation report for February that came in hotter than expected, pressuring gold prices from near a record high. Continue reading →

Gold steady early Monday after hitting last week’s record high on Friday. Investors now await the latest inflation data for further signals on the timeline of U.S. interest rate cuts. Continue reading →

Gold hits record high over $2180 an ounce on mixed jobs data, heading for the biggest weekly rally in five months, as investors react to the key U.S. jobs report for February. Continue reading →

Gold sticks near all-time high, remaining solidly above the $2,100 an ounce threshold early Wednesday, boosted by this morning’s jobs report, as investors awaited testimony from Federal Reserve Chairman Jerome Powell.  Continue reading →

Gold remains near a two-month high, hovering around the $2,100 an ounce benchmark, as speculation firmed that the Federal Reserve will cut interest rates in June after a series of economic reports last week. Continue reading →

Gold eyes second weekly gain in Friday morning trading after hitting a one-month high earlier in the market day as the latest U.S. data pointed to signs of slowing inflation, bolstering investor expectations of an interest rate cut by the Federal Reserve in June. Continue reading →

Gold steady early Wednesday, battling a stronger dollar as investors awaited the latest inflation and GDP data for further direction. The dollar index rose 0.3%, its best session since Feb. 13. Continue reading →

Gold slips early Monday amid profit taking following last week’s rally and anticipation that the Federal Reserve will keep interest rates high for a few more months. Continue reading →

Gold poised for weekly gain after edging higher early Friday on a weaker dollar and geopolitical uncertainty, including the ongoing conflicts in the Mideast and Ukraine. Continue reading →

Gold ticks up but still sticking in a tight range Wednesday morning ahead of Fed minutes as markets eye Middle East tensions. Continue reading →

Gold rebounds near one-week high in holiday trading after posting two consecutive weekly losses on signs that the Federal Reserve will hold interest rates elevated for a few more months. The yellw metal getting support from a weakened dollar and Middle East tensions. Continue reading →

Gold heads for second weekly drop on this morning’s inflation data, following a series of economic reports that have investors rethinking the timeframe of the Federal Reserve’s expected interest rate decreases. The DG spot price dropped just below the key psychological $2000 an ounce level on the inflation report. Continue reading →

Gold hovers near $2000 early Wednesday, after falling with equities in the prior session, as inflation data came in hotter than expected in January. Continue reading →

Gold edges down within a tight range early Monday as the U.S. dollar boosts. The markets await Tuesday’s release of key inflation data for further direction. Continue reading →

Gold slips in Friday morning trading despite inflation data that shows December had even lower inflation than initially reported. The bullion is under pressure from a stronger dollar and stock market. Continue reading →

Gold steady early Wednesday as the market awaits direction and more Fed signals on the timing of expected interest rate increases from a series of scheduled remarks by Fed officials. Continue reading →

Gold drops early Monday after Federal Reserve Chairman Jerome Powell remarks on Sunday that the central bank will move at a slower pace than the market expects to cut interest rates. Continue reading →

Gold slumps on positive jobs data but still holding weekly gain. DG spot gold fell $23 an ounce on the key U.S. monthly jobs report for January. Continue reading →

Gold rises steadily overnight on haven demand after the attack on U.S. troops in Jordan. The yellow metal’s rebound sparked by the spread of Middle East strive follows a second consecutive weekly drop. Continue reading →

Gold entrenched in a tight range early Friday, up-ticking on this morning’s inflation data, but headed for a second weekly drop. An important inflation gauge released Friday showed that the rate of price increases cooled as 2023 came to a close, bolstering hopes for Federal Reserve Interest rate cuts. Continue reading →

Gold firms on weakened dollar ahead of this week’s key economic data as investors eye the Federal Reserve’s interest rate cut plans for the next few months. Continue reading →

Gold slips early Monday on investors’ fading rate cut hopes as they await a series of key economic reports this week for firm signals on the Federal Reserve’s next moves in the central bank’s quest to tame inflation. Continue reading →

Gold holds its ground above the $2,000 mark, but a weekly drop for the yellow metal is likely as it heads for its worst week in more than a month after Federal Reserve officials signaled that rate cuts might not happen as soon as the market had anticipated. Continue reading →

Gold slips Wednesday on this morning’s retail sales report, extending the previous day’s losses, as the dollar strengthened on hawkish comments about monetary policy from a Federal Reserve official. Continue reading →

Gold rose early Monday making gains on safe haven demand triggered by the expanding conflict in the Middle East.  Continue reading →

Gold rises early Friday on haven demand driven by the Mideast airstrike. The fears over geopolitical unrest outweighed the latest inflation data. Continue reading →

Gold holding steady early Wednesday ahead of key inflation report as investors awaited signals on the Federal Reserve’s next moves. Continue reading →

Gold slips early Monday on rate speculation, extending last week’s losses, as investors reconsidered the timeline of widely expected Federal Reserve interest rate cuts. Continue reading →

Gold heads for first weekly drop in four after the minutes of the Federal Reserve’s December meeting were released on Wednesday, reducing expectations that interest rate cuts were imminent and strengthening the dollar and Treasury yields. The yellow metal dropped briefly on this morning’s positive jobs numbers, but rebounded quickly. Continue reading →

Gold slips on rising dollar early Wednesday, ahead of the Fed comments this afternoon and despite support from concerns on geopolitical unrest. Continue reading →

Gold was little changed early Friday as it heads for its best year since 2020, buoyed by a dollar that is weakened amid speculation that the Federal Reserve will begin interest rate cuts early next year as inflation growth has slowed. Continue reading →

Gold up early Wednesday, adding to last week’s gains, on expectations of 2024 rate cuts after a key inflation measure rose less than expected for November. The yellow metal is headed for its best year in three. Continue reading →

Gold rises to three-week high amid speculation that the Federal Reserve will begin cutting interest rates next year, egged on by this morning’s tepid inflation data. DG spot gold jumped $5 an ounce to over $2070. Continue reading →

Gold tips down early Wednesday on varying Fed signals on future monetary policy from Federal Reserve officials. Continue reading →

Gold climbs early Monday after last week’s rally on weaker dollar. The rally was sparked by last week’s signs that the Federal Reserve will begin easing monetary policy next year. Continue reading →

Gold heads for weekly gain, after rallying for a third day on post-Fed comment momentum. The yellow metal lost some altitude this morning on profit-taking and strengthening dollar, but it remains strong following the Federal Reserve’s monetary policy statements on Wednesday. Continue reading →

Gold tips up early Wednesday on weaker bond yields before this afternoon’s Fed decision. Investors await the decision and Chairman Jerome Powell’s statement about the state of the economy for further direction. Continue reading →

Gold slips under $2000 on firmer dollar as investors awaited further direction from this week’s monetary policy decision from the Federal Reserve.  Continue reading →

Gold loses ground on jobs data, heading for its first weekly drop in four weeks. The spot price of the yellow metal lost a tad over $10 an ounce in response to the surprisingly positive employment numbers. Gold also came under pressure as the dollar strengthened. Continue reading →

Gold rises as investors await Friday’s jobs report. It edged higher early Wednesday as the dollar weakened on this morning’s ADP jobs number. Continue reading →

Gold powers to a new record with spot prices hitting $2,110.80 an ounce early Monday amid haven demand linked to the war between Israel and Hamas and speculation that the Federal Reserve will begin cutting interest rates next year. The yellow metal then receded below the $2,100 on profit taking. Continue reading →

Gold steady after second straight monthly rally amid heightened speculation that the Federal Reserve’s interest rate increase cycle has peaked and that the central bank will either hold or cut rates going forward. The yellow metal has also set its sights on its third straight weekly gain. Continue reading →

Gold holds gains near six-month high early Wednesday made during the previous session amid support from a weaker dollar and expectations that the Federal Reserve may be done raising interest rates. Continue reading →

Gold firmly above $2000, hitting a six-month high early Monday as the dollar weakened and speculation increased that the Federal Reserve would pause its series of interest rate hikes next month. Continue reading →

Gold steady near the $2,000-an-ounce threshold early Wednesday on a weaker dollar and reduction in U.S. bond yields amid renewed hopes that the Federal Reserve will pause its series of interest rate hikes. Continue reading →

Gold fell early Monday as last week’s bullish bets that the Federal Reserve may be about to end its cycle of interest rate hikes fizzled out. 

Trading was also expected to be light this week going into the U.S. Thanksgiving holiday on Thursday. Last week, gold posted its first weekly gain in three on interest rate speculation and, subsequently, a weaker dollar and Treasury yields. Gold comes under pressure when interest rates, the dollar and Treasury yields are strong, and last week was the dollar’s worst in four months. 

Front-month gold futures rose 2.4% last week to settle at $1,984.70 an ounce on Comex, though the December contract slipped 0.1% Friday. Bullion gained 6.9% in October after falling 5.1% in September and dropping 2.2% in August. The metal is up 8.7% in 2023. The December contract is currently down $12.00 (-0.60%) an ounce to $1972.70 and the DG spot price is $1972.20.

CME FedWatch Tool shows that 99.8% of the investors it tracks are betting that the Fed will keep its federal funds rate unchanged in December, a shift from 90.9% a week ago, and .2% of the investors think the Fed will lower the rates by 25 basis points. The Fed has boosted interest rates by 5.25 percentage points since March 2022 to curb inflation to the 2% level. The Fed kept interest rates unchanged at 5.25% to 5.50% earlier this month. The central bank has raised interest rates only once since May. 

Minutes of the last Fed policy meeting in November are due out Tuesday and will be closely watched by investors for further signals on monetary policy. 

In other economic news, U.S. weekly initial jobless claims come out Wednesday, early because of the Thanksgiving holiday. Final consumer sentiment data for November are also due out Wednesday. U.S. manufacturing PMI comes out Friday. The U.S. retail holiday sales season, which is often used as an economic indicator, begins at the end of this week with Black Friday. 

Separately, gold came under some pressure following a deal between Israel and Hamas for the group to release hostages taken during the Oct. 7 attack on Israel. This is likely to trigger a multiday pause in the conflict. That’s bearish for gold, a haven asset in times of geopolitical uncertainty. 

December silver futures increased 7.1% last week to settle at $23.85 an ounce on Comex. March is now the most-active contract, and it fell 0.3% Friday to $24.20 Friday. Silver increased 2.2% last month after decreasing 9.5% in September and slipping 0.6% in August. It’s down 0.7% in 2023. The December contract is currently down $0.257 (-1.08%) an ounce to $23.595 and the DG spot price is $23.48.

Spot palladium surged 9.2% last week to $1,071.00 an ounce, and it advanced 1.6% Friday. Palladium dropped 10% in October after rising 3% in September and sliding 5.3% in August. Palladium has plummeted 41% so far this year. Currently, the DG spot price is up $27.10 an ounce to $1096.00.

Spot platinum rose 6.4% last week to $905.10 an ounce and edged up 70 cents Friday. Platinum gained 3.5% in October after declining 6.6% last month and advancing 1.7% in August. Platinum is down 15% in 2023. The DG spot price is currently up $10.10 an ounce to $913.80.

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 withdraws a bit from early morning gains on profit-taking, but still poised for first weekly gain in three weeks on speculation that the Federal Reserve may be able to pause or end its series of interest rate hikes. Gold scales two-week high on expected Fed pause. Continue reading →

Gold yo-yos on inflation data, hitting a one-week high early Wednesday after the dollar and Treasury yields weakened following yesterday’s inflation report. The yellow metal started to waffle, dipping on profit-taking, then regaining some ground on this morning’s inflation report. The small boost was followed by a shallow dip caused by further profit-taking. Continue reading →