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 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 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 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 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 →
We will be available for trading during the following hours.
Electronic trading available on FizTrade.com:
- Sunday, September 6th from 5pm Central until Noon on Monday, September 7th
- Regular electronic trading hours will resume at 5pm on Monday, September 7th
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 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’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 →
Former Loomis head joins the Dillon Gage family of companies
ADDISON, Texas (August 13, 2020) – Dillon Gage, the world leader in precious metals trading and technology, announces the appointment of Joe De Rosa to serve as managing director for the International Depository Services Group – Global, also known as IDS, 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 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 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 →
Dillon Gage wishes you and your family the happiest of holiday seasons. The following is our schedule for 2019 holiday hours for the Winter season:
- Dec. 24th: Trading, Refinery & FizTrade close at Noon Central (CT).
- Dec. 25th: Dillon Gage Trading & Refinery closed. FizTrade opens at 5pm CT
- Dec. 26th: Normal trading and refinery hours resume
- Dec. 31st: Trading, Refinery and FizTrade close at Noon CT.
- Jan 1st: Dillon Gage Trading & Refinery closed. FizTrade opens at 5pm CT
- Jan 2nd: Normal trading and refinery hours resume
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 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 →