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Precious Metals Market Reports

Marketplace Shortages Persist

Gold prices hit $1,844.12 per ounce by 9:00 a.m. EDT. Silver hit $26.93.  Gasoline shortages plagued the United States as a result of a hack on Colonial Pipeline, Co., a crucial  Read More

Commodity & Industrial Shares Are Up

Gold is up nearly $16 to $1,840 an ounce, while Silver is down almost 15 cents to $27.35 as of 9 a.m. EDT.  Early in the week, the S&P 500 saw a rise in commodity and industrial shares. ... Read More

Precious Metal Underdogs Are Up

Rising inflation pressure in the United States supports bullion’s continued momentum. As of 8:30 a.m. CST Friday morning, Gold was at $1,777.50, Silver rose t... Read More

Precious Metals Are Up

As of 9 a.m. EDT Friday, Gold was at $1,803.48, Silver rose to $26.46, Palladium leapt to $2,945.50 and Platinum hit $1,261.20. Palladium is a Precious Metal to watch this week. Analysts project it to continue climbing due to automakers purchasing more of the Precious Metal. Dogecoin remained a star this week, rising to record highs followed by small recoils. Still, Cryptocurrency remains volatile following Coinbase going public last week. Bitcoin notably suffered. Read More

Gold Rises, Dollar Declines

As of 9 a.m. EDT Friday, Gold was up to $1,786.70, Silver rose to $26.32, Palladium followed suit at $2,798.50 and Platinum dropped to $1,208.30.A computer chip shortage threatens United States markets. If a solution is not found soon, the global automobile industry stands to lose $61 billion in sales this year.Bitcoin hit an all-time high of $63,000 mid-week, outperforming its last peak in March. Coinbase Global, Inc. went public this week, fostering hope that cryptoc... Read More

Gold Sees a Gain for the Week

Gold was down at the start of the week and has dropped some at the end, but it’s up week-over-week. Thursday saw it hit its highest point since March 1. Friday’s prices hit $1,741.91 by 9 a.m. EDT. Precious Metals in general are struggling, with Silver, Platinum and Palladium all dealing with weekly drops. U.S. economic indicators are strong and investors are putting their money into riskier assets, dropping their Precious Metal holdings.The big news of the week has be... Read More

Gold Rises Slightly to Start Second Quarter

The first quarter was a loss for Gold, but the second quarter is starting stronger as Gold rose to end this holiday-shortened week. It hit $1,733.72 by 9 a.m. EDT. Precious Metals are mostly trading within a range, with no major surprise jumps.Joe Biden unveiled his infrastructure investment plan this week. The plan is to be funded by changes in the corporate tax rate, with the global tax rate rising to 21% and the U.S. rate rising 7% to hit 28% in total. Treasuries jumped on Wedn... Read More

Gold Loses Out to Dollar

Gold hit $1,734.55 by 9 a.m. EDT, on track for its first weekly dip in 3 weeks. It has dropped against the dollar. Gold and Silver have been range-bound for the week, not moving much past support. Global trade is dealing with a shock as a container ship grounded in the Suez Canal on Wednesday and has not yet been removed. It is costing roughly $400 million per hour to the global economy. Chinese companies took a hit on U.S. exchanges due to threats t... Read More

Treasuries and Bullion Affected by Fed Chair Remarks

The big news of this week was the Federal Reserve meeting and remarks by chairman Jerome Powell. Powell indicated that the Fed would keep rates low through 2023, and Treasury yields spiked Thursday in the wake of his remarks before settling back down. Gold dipped during the spike but still tracked for a week-over-week gain of around 0.8%, hitting $1,750.67 per ounce by 9 a.m. EDT. Palladium had a very good week — it was on track for a 12% gain but will come slightly short of that. Read More

Gold Suffers Over the Week

Gold hit $1,711.52 by 9 a.m. EST. It’s been a bad week for Precious Metals in general, and in particular for Gold. It rallied through Thursday but lost much of its gain for the week today. Markets have been up and down this week, but they’ve mostly trended up. Monday was a rough day for tech stocks and other growth stocks, which pushed the Nasdaq down. It responded with a massive day on Tuesday. Stocks continue their trend up. Joe Biden&r... Read More

Precious Metals Sink as Treasuries Spike

This week’s big news in Precious Metals is a continued drop as U.S. Treasury bonds continue to rise. Gold has dropped to almost $1,700 per ounce and Silver is just above $25. Stocks rose for much of the early week, but Thursday remarks from Fed chair Jerome Powell pushed them down again. These trends remained steady into Friday morning.  The COVID-19 stimulus package helmed by Joe Biden made it through the Senate this week, but Republican and moderate Democra... Read More

Bonds Rise, Gold Tanks

Gold has dropped well below the $1,800 per ounce mark as bond yields rise and investors push for interest-bearing assets. Gold and Silver are both bearing the brunt of the change, though PGMs are still up. The U.S. stimulus proposal advanced by Joe Biden and the Democrats looks likely to pass Congress. The only change may be that the minimum wage hike Biden proposed may need to go through a separate approval process, as it is not eligible for the fast-track process used for the res... Read More

Gold Down, Platinum Up

Platinum continues its good year, cracking $1,300 per ounce this week and settling above it. Gold is down to its lowest level since July. Industrial metal demand is skyrocketing, driving prices for any metals with commercial applications. Base metals benefit significantly from this, but so do important precious metals like Silver and Platinum. The United States is dealing with a massive network of winter storms that are slowing down deliveries, upending en... Read More

Platinum Up, Other Metals Hold Gains

Gold was down to $1,825.46 this morning, but the metal has mostly held on this week after a rough patch. It still remains above the $1,800 mark. Silver has stayed above $27. Platinum has been a big gainer over the year so far, reaching over $1,250 on expectations of increased automotive and green demand. Stocks have been on a long bull run, and some analysts are warning that the end of the run may be soon. U.S. oil inventory went down, and though the commodity continues... Read More

Silver Hits Peak and Slides, Demand Still High

The story of this week in Precious Metals has been Silver, which benefited from a run by the same people who orchestrated the GameStop run. Market volatility cooled on Tuesday as Silver retreated slightly. Gold has pulled back significantly, particularly headed into Thursday. Politicians across the political spectrum called for reviews of market regulations in the wake of the retail trader frenzy, and Treasury Secretary Janet Yellen is meeting with top regulators to loo... Read More

Day Trading Drives Market for Silver

Silver spiked at the end of this week due to endorsements from retail trader Reddit forum WallStreetBets. It hit $27.48 by 9 a.m. EST. Gold is also up after a rough Thursday, trading at $1,883.99 by the same time. Retail day traders have been the story of the week. Small investors in large groups, directed by forums like WallStreetBets and investors like Barstool’s Dave Portnoy and industrialist Elon Musk, are moving the market in unprecedented ways. These small t... Read More

Gold Has a Steady Week

Gold went up to around $1,875 midweek, but much of this week’s trading has been around or just over the $1,850 mark. Silver and Platinum followed the same trend. The big news of this week was the inauguration of new U.S. president Joe Biden. Biden’s administration is likely to be more stimulus-friendly than the outgoing Trump administration. Treasury Secretary Janet Yellen has already indicated a willingness to spend. Stocks have had a good wee... Read More

Gold Trapped Between Inflation and U.S. Optimism

Gold has fluctuated all week with no clear direction yet, hitting $1,848.92 by 9 a.m. EST this morning on a quick plunge downwards. Gold’s troubles have not affected Platinum, though, which rose 3% week over week despite a big drop at the end of this week. Bitcoin dropped by around 20% to start the week. Corn commodity markets hit a six-year high, as the big three crops run into a supply shortage. COVID-19 numbers flattened out in the U.S. as a whole... Read More

A Choppy Week for Precious Metals

Political turmoil has driven markets this week, with a contentious environment in the U.S. resulting in fluctuations in Precious Metals, Treasuries and the dollar. Gold dropped to start Friday, dipping to $1,900.40 per ounce by 9 a.m. EST. Senate runoffs on Tuesday in Georgia resulted in a Democratic Senate, and though certification of Joe Biden’s presidential victory was delayed by a mob breaking into the Capitol on Wednesday, by Thursday morning Democrats solidified c... Read More

Final Week of 2020 Caps Strong Year for Precious Metals

Precious Metals have had a very strong year. Gold is up 24 percent year over year, Silver over 48 percent, Platinum 10 percent and Palladium 22 percent. Gold has ticked up on Thursday as the dollar weakens. Stocks around the world are up this week as investors rebalance portfolios headed into the new year. Many seem to believe in riskier assets for 2021. China and Europe have begun working closer together. Chinese markets are up on news of an E.U./China trade de... Read More

2020 Market Year in Review

This year started full of optimism, with financial analysts expecting another year of excellent growth worldwide. It didn’t quite turn out that way.  The year in finances had several significant factors, but the most important was COVID-19. Though Brexit, U.S. economic stimulus talks, falling oil demand and high unemployment were all major news stories, many of the effects could be traced back to COVID-19 and the global response to the pandemic... Read More

Dollar Drops, Gold Benefits

Precious Metal markets this week were ruled by the dollar, which weakened. This was the result of continual wrangling over stimulus in Congress and renewed optimism over a Brexit trade deal pushing the European markets up. Gold looks to be finishing the week in the $1,880 to $1,890 range after drops earlier in the week. Brexit is the big news of the week, with a trade deal all but finalized this morning. In the meantime, the U.K. is dealing with a new strain of COVID-19 which... Read More

Inflation Risk Pushes Gold Up

Gold hit its highest point since November 16 yesterday, mainly due to stimulus hopes for the U.S. economy. Congress seems more motivated than ever to come to an agreement. Inflation from a proposed stimulus bill would push Precious Metals higher. On the other hand, the COVID-19 vaccine is rolling out in the U.S. and E.U., which may promote investor confidence and prompt them to invest in riskier assets. Time will tell.Joe Biden officially won the majority of electoral votes in ... Read More

COVID, Congress and the Crown: A Week of Deadlock

This week saw Gold rise slightly to start before tapering off later in the week. Markets are dealing with many different inputs, as deadlock in multiple areas of the world continues to take its toll and small pieces of news cause fluctuations. Platinum fell off its peak from the end of last week. COVID-19 cases in the U.S. continue to climb, as do deaths. Optimism over stimulus in Congress has withered as the parties involved continue to wrangle over the details. A grou... Read More

Precious Metals Rise as Stimulus Talks Finally Progress

The big news for this week in Precious Metals has been a breakthrough in the standoff between Republican Congressional leader Mitch McConnell and Speaker of the House Nancy Pelosi. The two and their respective parties had been talking about stimulus packages for the economy for months, and each had their own plan. A bipartisan group of lawmakers created a middle ground proposal this week and both McConnell and Pelosi threw their weight behind it. That news lifted Gold and Precious Metals o... Read More

Precious Metals Take a Beating

This has been a very rough week for Precious Metals, with Silver slipping below $23 per ounce and Gold below $1,800 to finish the week. Markets overall have had a very good week, with stocks on pace for their best month on record. As Joe Biden prepares for a transition of power in the U.S. presidency and COVID-19 vaccine production kicks into gear, investors have rediscovered their appetite for risk. The European Central Bank warned this week that European banks had low... Read More

No Stability in Sight for Precious Metals

Gold prices have been down for a good part of this week, but are up $10 this morning after a very rapid climb. Haven assets have struggled this week to balance news of a COVID-19 vaccine against increasing virus spread worldwide. One metal that has had a solid couple of weeks is Platinum, which has trended upwards for a while. Stimulus is still stalled, and while Nancy Pelosi and Mitch McConnell are talking, neither has budged from their position. It still looks unlikel... Read More

Markets Fluctuate on COVID-19 News

The big story of this week has been a COVID-19 vaccine developed by Pfizer, which so far has had a 90 percent success rate in clinical trials. Gold and other Precious Metals plunged at the news. They rose shakily through the week, though, and Gold is back up around $1,900 per ounce this morning.COVID-19 dominates the headlines, and not just because of the vaccine. The United States is dealing with a huge spike in cases, shattering records day by day. Europe is also seeing signific... Read More

No Clarity on U.S. Election

U.S. elections are the big story of the week, and there is not yet clarity in some key battleground states. Gold has moved up in response. It reached $1,968 by 9 a.m. EST. Markets believe that a Biden presidency, a distinct possibility in a close race, would push through stimulus that would raise inflation. U.S. futures have been up and down through the week, rising midweek and dropping towards the end of the week. The dollar is close to its two-year low. There is still... Read More

No Stimulus in Sight, Precious Metals Suffer

Gold and Silver dropped to their one-month low on Thursday, and Precious Metals overall suffered on Thursday thanks to better-than-expected U.S. economic data and euro weakness. Treasuries and the dollar became a more appealing option than Precious Metals for investors that wanted a hedge against inflation. Friday has seen a rise and Gold is knocking on the $1,900 per ounce mark again. U.S. COVID-19 infections are rising again and Europe is putting new lockdowns into pl... Read More

Markets Wait on Mnuchin and Pelosi’s Aid Package

U.S. stimulus has been the big story of the week. Gold and other Precious Metals have been moving inversely to inflation, and stimulus would drive inflation up. Nancy Pelosi and Steve Mnuchin have been working together on stimulus for weeks trying to come to a solution. Pelosi set Tuesday as the deadline for having a plan in place, but it’s debatable whether the Democrats and Republicans can find common ground before the election. The White House, the Democrats led by Pelosi and the ... Read More

Precious Metals and Markets in a Holding Pattern

This has been an up and down week for Precious Metals, particularly Gold, which took a beating due to Steven Mnuchin’s admission this week that a stimulus package before the U.S. election would be “difficult”. Gold is down over the week a little over 1% after following the dollar index. Silver, Platinum and Palladium have remained in something of a holding pattern as well. Markets for the week have mostly moved on bank earnings news from the U.S., but worrying sig... Read More

Precious Metals Finish the Week Strong

On Friday, Precious Metals were up across the board. Gold saw an increase of nearly $28.50, or 1.5%, to mark $1,927 an ounce. Silver rose almost 80 cents, or 3.35%, to tally $24.70 an ounce. Platinum has seen the largest percentage increase, rising nearly $33, or 3.85%, to hit $905 an ounce. Lastly, Palladium is seeing the largest dollar spread, rising almost $69.50, or 2.95%, to mark $2,532 an ounce. Precious Metals are surging forward, springing of... Read More

Gold Price Falters as COVID-Aid Talks Break Down

Gold briefly fell below the $1,900 an ounce mark mid-Tuesday. The yellow metal has given up nearly $22 to mark around $1,902 an ounce. President Trump tweeted on Tuesday that he had instructed his representatives in talks with Democrats over an economic aid package “to stop negotiating until after the election.” Stocks on Wall Street gave up their gains after the president’s tweet, which accused Speaker Nancy Pelosi of “not negotiating in good faith.... Read More

Gold and the U.S. Dollar Seesaw Throughout the Week

Gold finished higher Monday, as weakness in the U.S. dollar helped to fuel some buying in bullion. This came despite a rally in stocks that would otherwise suggest fading appetite for assets perceived as safe havens. The U.S. dollar on Monday was down 0.4%, following a weekly gain of 1.8%. Gold prices regained the psychologically important $1,900 an ounce mark on Tuesday to mark their highest peak in a week. The pullback in the U.S. dollar for a second session prompted bullion pric... Read More

Gold Has Worst Week in Six Months

Gold was trading at $1,869.11 at 9 a.m. EST today, and Silver has dropped below $23 per ounce. Precious Metals have taken a beating at the hands of the dollar as investors flock to Treasuries and the dollar again and currency speculators take out bullish options bets against the euro and pound. The dollar is seeing more action as a hedge than Precious Metals are right now and many Gold bets are being unwound to cover losses on the stock market. The U.S. government avoid... Read More

Gold Up for the Week but Lower Than Expected

It has been a week of moves for Precious Metals.Gold has always been the weathervane for the Precious Metals market as a whole, and this week saw a lot of price changes. The Fed met this week to set monetary policy for the U.S., and though markets expected a dovish stance on inflation, the central bank’s policy did not go as far as many traders would have liked. Gold had a nice run up into the meeting and dropped headed out of it, eventually settling back around the $1,950 a... Read More

European Strength Dictates Gold Swing

The tech stock selloff is the big story of the first half of this short Labor Day week, and markets haven’t completely rebounded from the wind going out of Microsoft, Google, Apple and Facebook’s sails. Tech stocks were leading a bull run that had continued since March, but with that bubble somewhat deflated, traditional hedges like Gold got more attractive. Gold had a good week, likely ending up for the week as a whole after three days of gains and a slight... Read More

Gold Drops for Month of August

Gold and Precious Metals end the week a little lower than the start. Gold touched $1,990 an ounce briefly mid-week, but as of 9 a.m. EST today it dropped to $1,928.99. The price has begun to rebound again. August’s Precious Metals market ended slightly lower on the aggregate than it began the month. Gold in particular has been under some pressure. This week has been one of big swings as the stock markets finally cooled off a bull run they’ve been on since March. Thursday’... Read More

Gold Ends the Week Strong

Gold has seen ups and downs over the course of this week. In the lead up to the Federal Reserve's Jackson Hole address on Thursday, the Precious Metal spiked to $1,981.51 before crashing to earth as profit taking drove prices down after the Fed's announcements. Many central banks around the world, including the Federal Reserve, want to keep interest rates low even if interest rates rise. Friday morning's Precious Metals market headed upwards due to that inclination. Economic recovery in many ... Read More

Dollar Value Puts Pressure on Gold

Gold went back over $2,000 briefly this week, but a slide from Wednesday on has left the Precious Metal hovering around $1,950 per ounce. News reports on Monday confirmed that Berkshire Hathaway had moved a significant chunk of assets away from banks and into Barrick Gold, which prompted a flurry of buying. Warren Buffett is known for his skepticism about precious metals, so even purchase of a mining stock is out of the ordinary. Tensions between China and the U.S. have... Read More

Gold Back Over $2,000 per Ounce

After hitting a historic high two weeks ago, Gold had a huge one-day drop and retreated as the dollar strengthened. Today Gold re-broke $2,000 per ounce.The dollar has weakened slightly in the last few days and Treasury bond yields have lowered as confidence in the U.S. economy wanes. U.S.-China tensions have increased as trade talks planned for the weekend stalled and were delayed, while the Trump administration has installed sanctions on Chinese telecommunications company Huawei... Read More

Gold Dips On the Week

Gold is currently posting a weekly drop after beginning a slide down on Friday last week. Monday's market settled around $2,030 but Precious Metals have taken a dive throughout the week, with Gold settling in the $1,950 range to end the week and Silver retreating to the $26 range.Monday's dip came with a rise in yields for Treasury bonds and the U.S. dollar, though key support around $2,030 an ounce for Gold came from worries about relations between the U.S. and China and the COVI... Read More

Gold Continues Record-Breaking Rally

Gold prices went higher to a new record on Monday, though the degree of climb was lower than many analysts expected thanks to the bounce in U.S. dollar value. The rally went close to the $2,000 per ounce mark but stopped just short of it, finishing at $1972.89 for the day. The Federal Reserve released news that it was going to allow price pressures above the 2% inflation target. Tuesday’s market saw Gold break the $2,000 per ounce mark finally, finishing at $2,022.66. Ongoing... Read More

Historic High: Gold Breaks $2,000 an Ounce

Gold has been breaking historic highs for the past month, and in the latest climb upwards it broke the milestone of $2,000 an ounce.Stock markets opened lower today due to lower-than-expected earnings across many separate industries, with blue chip companies like BP having to resort to dividend cuts to stay afloat. Earnings reports will continue to roll in as Tuesday continues. Large firms that have been staples of portfolios are taking a big step back due to the impact of the COV... Read More

Gold Tallies Multiple Records This Week

Gold climbed higher than $1,900 an ounce on Monday to mark its highest settlement on record. Investors continued to agonize over the state of the COVID-19 battered global economy and weakness in the U.S. dollar, amid concerns over the sustainability of recent stock gains. Gold rose on Tuesday to mark another record-high settlement as a fall in U.S. consumer confidence lifted the precious metal’s haven appeal. The gains came after the Conference Board reported that the index o... Read More

Gold Continues March Toward All-Time High

Silver marked its highest finish since 2016 on Monday, while Gold ended higher for a second consecutive session. Both metals found support as the rise in worldwide COVID-19 cases threatened economic recovery. Expectations for lower interest rates and more stimulus measures, as well as rising debt and U.S.-China tension, have prompted haven-demand. Gold soared Tuesday to mark a nearly nine-year high. Silver rallied to its highest since 2014. Precious Metals saw a lift by an agreemen... Read More

Bullion Prices See Rise Amid Rising Global COVID-19 Cases

On Monday, Gold registered its first gain in three sessions, with market analysts connecting the boost to a worldwide rise in the number of COVID-19 cases and robust investment in Gold-backed ETFs. Total U.S. COVID-19 cases exceeded 3.3 million on Monday, and the nation’s death toll topped 135,000, the Wall Street Journal reported. Also, Silver settled a near four-year high, up 73 cents to finish at $19.788 an ounce. That was the highest settlement since September 2016, according to ... Read More

Rise in COVID-19 Cases Boost Bullion Prices

The spot price of Gold was up nearly $6 to $1,794.10 an ounce in the early hours of Monday morning. Platinum also rose almost $17 to $849.90 an ounce, while Silver gained about 40 cents to $18.50 and Palladium climbed $16 to $2003.60. Global stimulus measures created to cushion economies from the fallout of COVID-19 lockdowns and lower yields have lifted Gold nearly 17% so far this year. A deterioration of U.S.-China trade relations may also deliver some bullion buying momentum. Read More

European Green Deal Proposal Boosts Palladium Prices

Europe's most influential global organization, the European Commission, has earmarked the energy transition as one of the most important topics for the coming years. The European Green Deal is one of its most bold plans to mobilize nearly €1 trillion in public-private investments over the next decade. Recently the highly anticipated hydrogen strategy was leaked, revealing how Europe's top policymakers intend to expand the fuel's value chain from production to transportation, storage, ... Read More

Gold Rises Above $1,800 An Ounce Mark

U.S. stocks slipped early Tuesday, following the S&P 500 and the Nasdaq’s five-day rally, as investors considered the risks to the economy from tens of thousands of new COVID-19 cases nationwide. Pushing safe-haven demand, Gold has risen above the $1,800 an ounce mark, currently hovering around $1,804.20. Read More

Gold Falls from Multi-Year Peak as the U.S. Dollar Strengthens

The Gold spot price fell on Tuesday, amid competition from the U.S. dollar as COVID-19 cases soared worldwide, and investors booked profits following bullion's rally to a near eight-year peak last week. Gold fell nearly $6 to $1,788.70 an ounce early Tuesday, which is only 26 cents shy of Wednesday's near eight-year peak of $1,788.96. Record increases in COVID-19 cases in the United States have triggered cities to roll back reopening plans. On Monday, India, also the world's second... Read More

Bullion Sees Gains to Begin the Week

The spot price of Gold was up nearly $6 to $1,794.10 an ounce in the early hours of Monday morning. Platinum also rose almost $17 to $849.90 an ounce, while Silver gained about 40 cents to $18.50 and Palladium climbed $16 to $2003.60. Global stimulus measures created to cushion economies from the fallout of COVID-19 lockdowns and lower yields have lifted gold nearly 17% so far this year. A deterioration of U.S.-China trade relations may also deliver some bullion buying momentum. Read More

Gold Prices Lower to Begin July After Hitting Highest Mark Since 2011

Gold prices are sinking lower on Wednesday after surpassing $1,800 an ounce and marking the highest finish since in almost nine years on Tuesday, as doubt about the economic recovery from the COVID-19 pandemic bolstered demand for the yellow Precious Metal. Concerns of the spread of COVID-19 and stimulus from governments to limit the detrimental effect of the illness is likely to encourage a rise for Gold. Gold sunk lower to $1,773 an ounce early Wednesday. In August 2011, the yell... Read More

Gold Prices Stay Largely Unchanged to Start the Week

Gold prices steadied on Monday, staying near an eight-year point reached last week and heading for the yellow metal’s most substantial quarterly gains in over four years, as rising numbers in global COVID-19 cases alarmed investors. The spot price of gold was nearly stagnant at $1,778 an ounce early Monday morning. The persistent spread of COVID-19 cases curtailed optimism for a speedy recovery of the global economy, sending world shares to a two-week low. News headlines to b... Read More

Gold Climbs Near Eight-Year High Amid Resurgence of COVID-19 Cases

The Gold spot price rose to $1,773.20 an ounce early Monday. Prices are nearly $9.00 more than the seven and a half year high of $1,764.55, hit in May of this year. U.S. Gold futures also climbed 0.7% to $1,764.50. Gold prices have soared 15% so far in 2020, boosted by fears of COVID-19-prompted economic slowdowns and unprecedented global stimulus measures by governments and central banks. Gold climbed toward its highest mark in more than seven years Tuesday as low-interest rates, ... Read More

Gold Marks 5-week High as COVID-19 Cases Escalate

The Gold spot price rose to $1,773.20 an ounce early Monday. Prices are nearly $9.00 more than the seven and a half year high of $1,764.55, hit in May of this year. U.S. Gold futures also climbed 0.7% to $1,764.50. Gold prices have soared 15% so far in 2020, boosted by fears of COVID-19-prompted economic slowdowns and unprecedented global stimulus measures by governments and central banks. Read More

Recovery Concerns Impact Price of Gold

Gold opened the week with a downward slide as the U.S. dollar reached nearly a one-week high, but the drop was curbed by concerns of a second wave of COVID-19 cases in China. Investors seem focused on bearish predictions of reduced consumer demand for precious metals due to economies hindered by the pandemic. Gold prices settled higher Tuesday, gaining support after Federal Reserve Chairman Jerome Powell said that despite some optimistic U.S. economic data, ambiguity continues to e... Read More

Gold Sees a Week of Gains

On Monday, Gold prices rose off a two-month low. The yellow Precious Metal recovered almost half of what it lost in the previous session. Investors gambled that stimulus measures will remain in place for the immediate future, boosting bullion appeal despite some strength in the U.S. stock market. Meanwhile, Silver added 41 cents, or 2.4%, to end at $17.89 an ounce. Gold prices finished higher Tuesday, as global equities showed a moderate retreat after being optimistic for weeks bec... Read More

Gold Falls Below $1,700

Gold prices have fallen for a third straight weekly decline on Friday, weighed down by gains in riskier assets as investors grew more hopeful of a rebound in the global economy. A drop in the nation’s unemployment rate and an unexpected monthly rise in U.S. jobs revived the stock market, pushing prices for the yellow Precious Metal toward their lowest in nearly two months. The U.S. regained 2.5 million jobs in May, and the unemployment rate fell to 13.3%, according to the Bureau of Labo... Read More

Economies Coming Back from COVID-19 Pandemic Dulls Bullion Appeal

Gold prices finished with a moderate loss on Monday, as investors weighed demand for the yellow Precious Metal against nationwide protests, the latest developments tied to U.S.-China tensions over Hong Kong, and data that pointed to an improvement in the economy. For now, the U.S. economy has shown some indications of recovery as COVID-19 lockdowns in the country begin to ease. Gold prices gave up modest gains early Tuesday to end lower for a second session, as optimism in global s... Read More

Gold Price Suffers due to Global Equities Rally

Gold finished lower on Tuesday as global equities rallied in response to businesses easing lockdowns as the COVID-19 pandemic dwindles in certain areas. Promising reports of progress toward a COVID-19 vaccine also dulled the yellow Precious Metal’s haven appeal. On Wednesday, Gold dropped below the psychologically important $1,700 an ounce mark. An ongoing stock-market rally in response to reducing COVID-19 lockdowns deprived the metal of its haven appeal. Global equities con... Read More

Gold Attempts to Rally Amid Economic Stimulus Measures

On Monday, Gold prices dipped low. The yellow Precious Metal gave up earlier gains as early optimistic results from a COVID-19 vaccine triggered a rally in the U.S. stock market, dulling haven demand. Gold prices finished higher Tuesday to recover more than half of what they lost a day earlier, as Federal Reserve Chairman Jerome Powell said the U.S. central bank remains prepared to provide more support for the U.S. economy. On Wednesday, Gold prices rose higher for a second... Read More

Gold Rises Amid Rallying Stocks

On Monday, Gold prices ended higher on for the second session in a row. Prices saw a boost from vulnerability in global stock markets amid fears of an escalation of tensions between the U.S. and China over the worldwide outbreak of COVID-19. On the contrary, Silver shed nearly 1% to $14.79 an ounce. Gold prices fell on Tuesday to mark the yellow Precious Metal’s first loss in three sessions. Prices were drawn down by optimism of the reduction of business closures in the U.S. ... Read More

Rising Physical Demand Boosts Gold Prices

Gold prices finished lower Monday, with a warily optimistic tone for stocks diminishing haven-related demand for the yellow Precious Metal. Platinum saw a boost of .4%, finishing at $777 an ounce to begin the week. Gold prices saw a third straight session decline on Tuesday after data revealed U.S. consumer confidence endured a record drop in April. The confidence Americans have in the economy suffered the biggest plunge in April in modern times as COVID-19 devastated Main Street a... Read More

Gold Prices See Modest Gains For The Week

Gold prices ended fairly higher on Monday, regaining a spot above $1,700 an ounce, as early gains for the U.S. dollar waned and as a drop in crude-oil prices provided a route for the yellow Precious Metal to get some higher ground. Gold prices ended up below $1,700 an ounce on Tuesday. This is their lowest in nearly two weeks, as the U.S. dollar strengthened and put pressure on the yellow Precious Metal. Gold prices settled at their highest in a week on Wednesday, as worrie... Read More

Gold Price Rises to a Seven Year High

Gold prices stabilized near a one-month high on Monday, supported by growing fears over the extent of the economic hit from the coronavirus pandemic. The yellow Precious Metal has fallen from a more-than-seven-year high. The coronavirus pandemic, which has hammered global economic growth, has forced nations to extend lockdowns to curtail its spread, and central banks have announced a wave of monetary support measures to mitigate the financial toll. Gold prices rose to their highest... Read More

Gold Rises Amid COVID-19 Pandemic

Gold jumped over 1% to a more than one-week high on Monday as worries over a global economic slowdown caused by the COVID-19 pandemic drove investors to the haven metal. Three of the world's biggest Gold refineries said they would partly reopen after a two-week closure that disrupted global supply. In contrast, Palladium was down 1.5% to $2,155.10 per ounce after slipping more than 3% early Monday. Gold settled lower on Tuesday, giving up earlier gains that saw the yellow Precious ... Read More

Gold Sees Biggest One-Day Gain In Over a Week

Gold prices ended lower on Monday, weighed down by a rise in U.S. stocks and strength in the U.S. dollar, as traders eyed rapidly moving developments in the COVID-19 pandemic. Gold prices ended dramatically lower Tuesday, pressured by better-than-expected U.S. consumer confidence data and a rise in Chinese manufacturing activity, but prices for the yellow Precious Metal posted gains for the month of March and quarter against the backdrop of concerns over the COVID-19 pandemic. ... Read More

Gold Price Steadies Amid World Mint Closures

Gold fell on Monday as investors unloaded bullion in exchange for cash after several more countries announced lockdowns to curtail the spread of the coronavirus, overshadowing policymakers’ frantic efforts to mitigate the economic impact. Palladium lowered 0.2% to $1,638.79 an ounce, while Platinum jumped 0.5% to $614.15 an ounce. Silver also dipped lower 0.1% to $12.57 an ounce before market close. Palladium surged 12% on Tuesday, on track for its biggest daily rise since 20... Read More

COVID-19 Continues to Wreak Havoc on Markets

Precious Metals plummeted on Monday, as Gold slid over 3% to break below the key $1,500 an ounce mark. The spot price of Gold is currently hovering around $1,470 an ounce. Gold rallied late Sunday after a surprise decision by the U.S. Federal Reserve to slash its benchmark interest rate nearly to zero and implement a bond-buying program. But gains soon gave way to losses as equities failed to find support in the wake of the move. Silver fell to an 11-year low, sinking to $12.67 an ounce, a... Read More

Precious Metals Prices are Plummeting

Precious Metals plummeted on Monday, as Gold slid over 3% to break below the key $1,500 an ounce mark. The spot price of Gold is currently hovering around $1,467 an ounce. Gold rallied late Sunday after a surprise decision by the U.S. Federal Reserve to slash its benchmark interest rate nearly to zero and implement a bond-buying program. But gains soon gave way to losses as equities failed to find support in the wake of the move. Silver fell to an 11-year low, sinking to $12.67 an ou... Read More

Coronavirus Concerns Causes Market Chaos

Gold reported a moderate rise on Monday as global markets were in a free fall, partly sparked by a plunge in crude-oil prices and mounting concerns about the spread of the coronavirus. Global markets were in turmoil which has reached a fresh peak after Russia and the Organization of the Petroleum Exporting Countries failed to strike an agreement on deeper crude production cuts. Gold settled lower on Tuesday for the first time in four sessions as U.S. stocks looked to rebound... Read More

U.S. Tries to Curve Economic Impact of Coronavirus

Gold rose more than 1.5% on Monday, recovering from its biggest one-day decline in nearly seven years last week, on the potential for interest rate cuts by the U.S. Federal Reserve to reduce the economic impact from the coronavirus outbreak. Palladium rose 2.4%, having plunged as much as 13% last week for its biggest one-day decline since the 2008 financial crisis. Global equity markets fluctuated unpredictably in volatile trade and Gold prices rose more than 3% on Tuesday after the Federa... Read More

Coronavirus Boosts Bullion's Appeal

U.S. stocks plunged on Monday as a wave in coronavirus cases outside China fueled fears of a bigger hit to global economic growth, driving investors to safe-haven assets. Gold soared to a seven-year high, while oil tumbled nearly 4% as fears of a pandemic grew after Iran, Italy and South Korea reported a rise in virus cases. Gold prices fell on Tuesday as investors reported profits after the yellow Precious Metal surged to a more than seven-year high the previous day, but a spike in corona... Read More

Gold Price Recovers on Wednesday

Gold recovered on Wednesday, a day after it posted its biggest one-day drop in nearly four months, as the coronavirus scare prompted safe-haven flows towards bullion. Gold is up more than 3% so far this month, having hit a 7-year high earlier this week as the rapidly spreading coronavirus exacerbated fears of an economic slowdown. World stocks tumbled for the fifth day based on fears of prolonged disruption to global supply chains, while U.S. bond yields held near record lows. Silver and P... Read More

Gold Price Falls From Seven-Year High

Gold prices fell on Tuesday as investors reported profits after the yellow Precious Metal surged to a more than seven-year high the previous day, but a spike in coronavirus cases outside China capped bullion's losses. Asian stock markets found some stability after a wave of early selling fizzled out and Wall Street futures managed a solid bounce. Silver and Platinum prices are also down, while Palladium gained 1.7% early Tuesday. Read More

Coronavirus Fears Fuel Haven Asset Rise

U.S. stocks plunged on Monday as a wave in coronavirus cases outside China fueled fears of a bigger hit to global economic growth, driving investors to safe-haven assets. Gold soared to a seven-year high, while oil tumbled nearly 4% as fears of a pandemic grew after Iran, Italy and South Korea reported a rise in virus cases. Read More

Gold Hits Seven-Year Peak

Gold prices on Monday eased from a nearly two-week high, as a monetary intervention by China’s central bank to limit the economic impact from the coronavirus outbreak reassured investors and boosted demand for higher-risk assets. This comes after the country’s central bank in early February announced an injection of 1.2 trillion yuan ($174 billion) worth of liquidity into the markets. Juxtaposing Gold’s decline, Silver prices were slightly up on Monday, along with Platinu... Read More

Apple's Revenue Warning Causes Precious Metals Price Hike

Gold climbed to a two-week high on Tuesday, as investors sought safe havens after a revenue warning from Apple due to coronavirus, worsening fears of the outbreak’s impact on global economic growth. Apple’s warning that its sales would fall short sent shockwaves across markets and knocked global equities off their recent record highs. Oil also fell below $57 a barrel on Tuesday, pressured by concerns over the impact on oil demand from the coronavirus outbreak. Silver and Pallad... Read More

Disclaimer:
APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.

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