Gold climbs early Wednesday on a weaker dollar and dovish comments by the Fed. The dollar eased off a one-month high, making the precious metal a more attractive investment to holders of other currencies. Continue reading →
Gold rebounds on bargain hunting, but stays below $1,900. The bullion bounced back early Monday from Friday’s selloff while remaining below the psychological threshold because of a strong dollar and concerns that the Federal Reserve may keep raising interest rates after last week’s strong U.S. jobs report. Continue reading →
Gold drops on this morning’s U.S. jobs report. The new year has started off with an unexpectedly strong employment picture, leading the markets to once again fear a more aggressive interest rate schedule from the Fed. The yellow metal slumped over $30 an ounce on the news, dropping below $1900. Continue reading →
The National Weather Service has issued an ice storm warning for areas in North and Central Texas. This is in effect until Thursday morning. As a result, Federal Express is not operating today in the Dallas / Ft. Worth area. The Dillon Gage and IDS facilities in Texas are open but are operating with reduced staff.
Shipments may begin moving on Thursday and Friday pending FedEx’s decision on how much they can handle when they return to service.
Please check order status on FizTrade and tracking on FedEx for package updates and allow additional days for packages to be delivered.
Gold jumps more than $16 an ounce on soft inflation report after regaining ground above $1900. The yellow metal had fallen below that benchmark early Wednesday as the dollar strengthened, but the yellow metal is holding on amid anticipation that the Federal Reserve will slow the pace of its upcoming interest rate increases. The new inflation data strengthens that anticipation. Continue reading →
Gold hits eight-month high early Wednesday, climbing in conjunction with the broader market, amid increased speculation that the key inflation report due out later this week will show additional softening. The bullion backed off of the high a bit, on profit-taking, but is still in positive territory. Continue reading →
The Dillon Gage family wishes you and yours a very Happy Thanksgiving!
Dillon Gage will have the following reduced hours over the holiday weekend.
- Thu. Nov. 24th: Open all day, EXCEPT closed from Noon to 5 pm CST
- Fri. Nov. 25th: Closes at 12:45 pm CST
- Sun. Nov. 27th: Opens at 5 pm CST
Trading Room & Refinery:
- Thu. Nov. 24th: Closed
- Fri. Nov. 25th: Closed
- Mon. Nov. 28th: Trading room opens at 7:30 am CST
We are thankful for your business.
*Based on CME hours and subject to change
During the recent Gold Summitt in Vienna, Terry Hanlon, President and CEO of Dillon Gage Metals, and Ruth Crowell, CEO of the London Bullion Market Association were interviewed by Die Presse, a German-language daily broadsheet newspaper based in Vienna, Austria Continue reading →
Gold drops in Wednesday morning trading on dollar’s appeal as anticipation of continued aggressive monetary policy pressured the yellow metal, even as delegates at the London Bullion Market Association’s annual precious metals conference predicted prices would rise over the next year. Continue reading →
Gold fell early Monday as heightened speculation that interest rate increases by the world’s central bankers to combat runaway inflation drove recession fears. The bullion was further stalled by a stronger dollar that is sparking off of Friday’s healthy U.S. jobs data that points to the Fed sticking to its aggressive rate hike plan. Continue reading →