Precious Metals Market Reports
Gold and Silver Fall Despite Risk Aversion
Gold has enjoyed three consecutive weekly gains, driven in part by risk aversion related to the banking sector, and hopes that the Fed may pause its rate hike campaign. This week, investors were focused on debt ceiling negotiations in the U.S., corporate earnings news, and inflation data.
Gold was modestly higher on Monday, with a closing price near $2,027, following Friday’s losses. Silver started the week near $25.50 and would see... Read More
Gold and Silver Gain on Banking Woes and Rate Hike Hopes
Last week, concerns over the banking sector drove gold and silver higher for modest weekly gains, and the pair’s second consecutive monthly uptick. In terms of scheduled economic events for this week, the emphasis was on the Fed’s two-day policy meeting and subsequent rate hike update. Investors also anticipated employment news, while fears of a banking contagion weighed heavily on risk appetite.
Gold and silver saw little change Monday. The pair ende... Read More
Precious Metals Make Gains on Banking Woes
Last week, gold and silver ended their respective winning streaks amid hawkish Fed bets and dollar index gains. In terms of scheduled economic events, investors anticipated consumer confidence data, GDP news, and inflation data, all of which were due out this week.
Gold enjoyed slight momentum on Monday as the dollar index slid 0.6% lower. However, gold failed to break above $2,000 as investors waited for more economic data that may influ... Read More
Gold and Silver Tumble Amid Rate Hike Bets and Dollar Gains
Last week, gold and silver saw modest gains as recession worries fueled safe-haven demand. While this week was less busy in terms of scheduled economic events, precious metals prices were heavily influenced by dollar index movements and rate hike speculation.
Gold started the week just above the $2,000 mark and would dip to $1,984 on Monday. Both gold and silver were pressured by a 0.7% uptick in the dollar index and rising Treasury yield... Read More
Gold and Silver Surge On Recession Worries and a Dollar Decline
Last week, gold and silver saw gains as recession worries persisted. The pair had plenty of tailwinds throughout this week in a declining dollar, continued recession fears, and rate hike bets. In terms of economic news, investors anticipated consumer and wholesale inflation data, which was due out Wednesday and Thursday, respectively.
Gold slipped below the $2,000 level on Monday, as the dollar index ticked higher and investors digested a... Read More
Gold and Silver See a Weekly Divergence, Monthly Gains
Gold and silver notched their fourth consecutive weekly gain last week, amid safe-haven inflows and the prospect of a rate hike pause in the U.S. The pair started this week near $1,974 and $23.18, respectively as investors anticipated the latest round of inflation news and gauged risk associated with uncertainty in the banking sector.
After having touched a yearly high near $2,010 last week, gold momentum slowed on Monday, along with safe... Read More
Gold and Silver Surge on Banking Concerns and Rate Hike Bets
Last week, gold and silver enjoyed safe-haven inflows and weekly gains, as concerns surrounding the global banking system persisted. As banks in the U.S. and abroad continued to struggle, many questioned whether the U.S. Federal Reserve would ease its pace of rate hikes, or continue to raise rates, as inflation in the U.S. is stubbornly high. As a result, investors focused on this week’s Fed policy meeting and press conference on Tuesday.
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Gold and Silver Shine Amid Banking Woes
Last week, gold was headed for a weekly loss until concerns over SVB and the broader banking sector drove the yellow metal higher. Silver also enjoyed late week safe-haven inflows but would end the week 3.2% lower. Banking woes continued to drive gold higher this week, while investors also braced for the latest round of inflation data.
On Monday, gold jumped by 1.7% on safe-haven inflows, as banking shares tumbled amid fears of a contagion. A dollar dip added to ... Read More
Gold Erases Losses as Banking Shares Collapse
Last week, gold and silver managed to snap their four-week losing streaks amid a dollar pullback and lower Treasury yields. This week, questions surfaced on whether the U.S. Fed will pursue a higher-than-expected interest rate hike of 0.50% when markets had previously given about a 65% chance of another 0.25% interest rate increase. Fed speak and shocking news of a bank collapse would be key drivers of precious metals throughout this week.
Investors started the w... Read More
Gold and Silver End Losing Streaks Amid a Dollar Pullback
Last week, gold and silver slid lower for the fourth consecutive week amid dollar strength and rising Treasury yields. Currently, markets are forecasting about a 65% chance of a 0.25% interest rate hike at the next Fed policy meeting, on March 21-22. Rate hike fears, along with dollar index movements were catalysts for gold price movements throughout this week.
Gold saw a slight uptick from $1,812 to $1,818 on Monday, as the dollar pulled... Read More
Gold and Silver Eye Fourth Week of Losses as Inflation Persists
Last week, gold and silver saw their third consecutive week of declines amid fears of Fed hawkishness and dollar strength. Throughout this week, precious metals prices were once again driven by economic data and Fed speak regarding interest rates.
On Monday, gold was languishing near a 5-week low of $1,836 as rate hike expectations lent support to the dollar index. However, geopolitical tensions and safe-haven demand provided momentum for gold and silver. Silver ... Read More
Gold and Silver Eye Weekly Losses Amid Rate Hike Concerns
In recent weeks, stronger-than-expected jobs data along with inflation news, have led many to believe that the Fed may pursue a more aggressive rate hike stance. This sentiment, along with subsequent dollar strength, pushed gold and silver lower for the second consecutive week, last Friday. Investor anticipation quickly shifted to this Tuesday’s CPI news, which would be followed by a bevy of Fed speaking events and economic data releases throughout this week.
... Read More
Gold and Silver Eye Second Losing Week Amid Rate Hike Fears
Last week, gold and silver price movements were heavily influenced by Fed policy updates and dollar index movements. On Friday, precious metals plummeted following Nonfarm payroll news that revealed a January payroll increase of 517,000, when forecasts were closer to 190,000. This ultimately led to a 5.4% weekly downturn for silver and a 3.2% weekly loss for gold.
In terms of scheduled events, this week was filled with Fed speaking engagements along with Jo... Read More
Gold and Silver Plummet Following NFP News
This week, investors faced a bevy of scheduled economic events with consumer confidence surveys, employment news, manufacturing data, and Nonfarm payroll news, all being released throughout the week. Most of these events were overshadowed by the Tuesday-Wednesday Fed policy meeting, in which a decision on the next rate hike was to be announced.
Stocks in the U.S. slid lower on Monday, as investors exercised caution ahead of the Fed decision. The Nasdaq fell the m... Read More
Gold and Silver Diverge Amid Inflation News and Rate Hike Optimism
Last week, gold managed to secure its fifth consecutive weekly gain while silver saw a slight divergence for a 1.8% weekly decline. Bullion prices were steady throughout this week, as gold hovered near nine-month highs while investors parsed corporate earnings news and anticipated inflation data set for release on Friday.
Gold found some early-week momentum as the dollar index declined by 0.3% on Monday. Rumors that the Fed may opt f... Read More
Silver Slides as Gold Gains on Safe-Haven Demand
Last week, gold managed to secure its fourth consecutive week of gains on dollar weakness and hopes of a more dovish Fed. This week was shortened in terms of trading days, as The New York Stock Exchange and the bond market were closed on Monday in observance of Martin Luther King Jr. Day. For the remaining four days investors were faced with Fed speak, corporate earnings, jobless news, and housing data.
In previous weeks, gold has been the beneficiary of lo... Read More
Gold and Silver Shine Following Inflation News
Inflation news along with Fed speak played a significant role in driving investor sentiment this week. Gold and silver prices were especially reactive to dollar index and Treasury yields declines throughout the week. Ultimately, a fresh round of inflation data would be the catalyst for significant gold gains.
Last Friday’s positive employment news allowed for momentum on Wall Street as this week began, but major averages were mixed by the end of tradi... Read More
Gold Glitters Amid Positive Employment News
It was another shortened trading week as major markets in the U.S. were closed on Monday, in observance of New Year’s Day. Following record losses for U.S. Treasuries and equities and slight gold and silver gains in 2023, investors looked to Tuesday’s FOMC minutes and employment data later in the week for clues into Fed policy and U.S. economic health.
After gaining 0.9% in 2022, gold began the first day of 2023 trading on positive footing, whil... Read More
Gold and Silver See Little Weekly Change, Yearly Gains
Last week, gold and silver secured modest gains as mixed economic data drove conflicting sentiment among investors. This week was a shortened trading week as major markets were closed on Monday, the 26th in observance of the Christmas holiday. This week, precious metals prices were reactive to Treasury yield and dollar movements, amid thinner holiday trading volumes. For economic news, investors looked to housing data throughout the week and jobless data, which was set for release on... Read More
Gold and Silver Oscillate Between Gains and Losses on Mixed Economic News
Last week saw increased volatility for gold amid a highly anticipated Federal Reserve decision to raise interest rates in the U.S. by 50-basis points, which was a break from the previous four rate hikes of 75-basis points. Concerns over the effects of higher interest rates on an already-weakened U.S. economy drove caution on Wall Street and a dip in U.S. equities last week. This week, investors closely eyed GDP data, jobless news, and inflation data ahead of the long Christmas weekend.&nbs... Read More
Gold and Silver Fluctuate Amid a Hawkish Fed and Dollar Strength
Last week, gold and silver carried a near-inverse relationship with the dollar index. Bullion price movements were also influenced by rate hike bets, as investors looked to this week’s Fed meeting for answers on the next round of rate increases. The two-day Fed meeting was set to begin this Tuesday and would culminate on Wednesday with an address from Fed Chair Jerome Powell, in which he was expected to provide guidance on the latest round of interest-rate hikes.
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Gold Battles the Dollar Ahead of Next Week’s Fed Meeting
In recent weeks, precious metals have enjoyed support from a declining dollar, lower Treasury yields, and hopes that the U.S. Federal Reserve may ease the pace of rate hikes. As a result, gold was at a five-month peak of $1,809 as the week began, and silver was at its own eight-month high near $23.44.
There was a slight reversal in this trend on Monday, following a report from the Institute for Supply Management (ISM) which showed that U.S. services industr... Read More
Gold and Silver Slide Lower on Dollar Strength and Rate Hike Projections
Last week, gold managed to snap its losing streak with a 5.6% weekly uptick following the latest round of inflation news and a brief dollar decline. Last week, news broke that the consumer price index for October rose by 0.4% against forecasts of 0.6%. Some interpreted this as a peak for U.S. inflation, and potentially an easing in Fed policy tightening. Naturally, investors paid close attention to Fed speak throughout this week, while gold and silver price movements were largely cor... Read More
Precious Metals and Stocks Gain on Inflation Data and a Dollar Decline
Last week gold was able to snap its three-week losing streak amid a slowdown in the dollar rally and better-than-expected payroll news that for some, boosted hopes that the Fed may consider easing its current pace of monetary policy tightening. For this week, investors were keenly focused on Tuesday’s U.S. mid-term elections along with CPI data, which was set for release on Thursday.
Gold and silver were flat on Monday near $1,670 and $20.55. Monday s... Read More
Gold and Silver End Losing Streak Following Rate Hikes, Employment News
Interest rate speculation had a significant impact on investor sentiment heading into this week, as some anticipated a Fed pivot away from tighter policy and a pause in the current rate hike cycle. Naturally, the focus was on Wednesday’s scheduled FOMC address, along with employment data set for release on Wednesday and Friday.
Gold and silver saw little price movement on Monday, with gold edging down from $1,642 to a closing price of $1,638. This sol... Read More
Gold and Silver See Modest Losses Following Inflation and GDP News
Precious metals price momentum in recent weeks has been plagued by dollar strength, rate hike worries, and surging Treasury yields. It’s widely expected that Fed policymakers will opt for a fourth consecutive straight rate hike of 75 basis-points at next-week’s meeting. With little question over the Fed’s next moves, precious metal price movements for this week were largely correlated with movements in the dollar index and Treasury yields.
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Gold and Silver See Weekly Losses on Rate Hike Bets and Dollar Strength
Higher interest rates and speculation on future rate hikes drove investor sentiment once again throughout this week. The most anticipated scheduled events for this week would have been the Producer Price Index and FOMC minutes scheduled for Wednesday, and Thursday’s CPI release.
Last week’s positive Nonfarm payroll news firmed bets that the Fed would remain committed to the tightening path, which pushed the dollar higher, and gold 1.4% lower, to... Read More
Gold and Silver See Weekly Gains Amid Lower Yields and Fed Ambiguity
Once again, gold and silver prices were largely driven by movements in Treasury yields and the dollar index, as well as bets on Fed monetary policy. For investors betting on Fed policy, the focus for this week remained on economic data, as many believe that the health of the U.S. economy will ultimately determine Fed policy regarding rate hikes.
The first round of economic data came on Monday via the Institute for Supply Chain Management ... Read More
Gold and Silver See Weekly Gains and a Monthly Divergence Amid Fed Hawkishness
There was disquiet amongst investors this week, regarding the effects of continual rate hikes on an already-distressed economy. There was no shortage of scheduled economic events with housing data, jobless claims, and Fed speak all happening throughout the week. The latter was of importance to many, as investor sentiment seemingly hinged monetary policy news.
Interest rate fears rocked equites to start the week, as the Dow Jones Industrial Average plunged i... Read More
Gold and Silver Fall on Dollar Strength and Hawkish Fed Policy
Last week, gold and silver saw a slight divergence, as gold fell by about 2.1% while silver gained as much. This week, the pair followed a more similar trajectory with as precious metals bugs and investors in the broader market both focusing on Fed speak.
Gold started the week at $1,665 an ounce while silver started trading at $19.39. Neither metal saw significant price movements ahead of or during the Fed’s two-day meeting, which was set to begin on Tuesday. The meetin... Read More
Gold and Silver End Losing Streak Despite Higher Yields and a Hawkish Fed
It was a shortened trading week with major markets in the U.S. closed on Monday, in observance of the Labor Day Holiday. Like in previous weeks, investor sentiment was largely driven by Fed speak, and economic data releases throughout the week.
On Tuesday some positive news came from the services sector, from which the Institute for Supply Management reported a second consecutive monthly increase business services, when a decline was expected. Read More
Gold and Silver See Another Losing Week on Rake Hike Bets and Dollar Strength
At last week’s Jackson Hole Economic Symposium, Federal Reserve Chair Jerome Powell reaffirmed the Fed’s commitment to fighting record inflation by continuing to raise interest rates. Powell indicated that the U.S. economy would likely encounter softer labor market conditions and even slower growth with a continual raising of rates.
The Fed Chair stated that failure to stabilize inflation would result in pain “far greater” than what is cur... Read More
Gold and Silver Succumb to Hawkish Fed Speak
Last week, gold and silver ended a three-week winning streak while the dollar firmed, and investors in the U.S. began to anticipate additional interest rate hikes. For this week, gold bugs and investors in the broader market were once again focused on updates from the Fed, as central bank officials convened at the annual symposium in Jackson Hole, Wyoming.
In addition to Fed Chair Jerome Powell’s Friday speech, investors were looking to a fresh round ... Read More
Gold and Silver End Their Winning Streak on Rate Hike Bets, Dollar Gains
This week, Investors were largely focused on economic data, and Fed speak, while Wall Street momentum was also driven by retail earnings. Specifically, housing data released throughout the week, Wednesday’s Fed meeting minutes, and Thursday’s jobless claims were of particular interest.
Precious metals were able to secure modest gains last week, in part due to a weaker dollar. The opposite was true as this week began, as Monday saw a firmer dollar and ... Read More
Gold and Silver Gain on Softer Dollar and Inflation News
After notching modest gains last week, gold and silver price momentum seemingly hinged on U.S. economic data releases this week and subsequent Fed action. Friday’s surprising uptick in Nonfarm payrolls meant some downward pressure for bullion as, for some, this upped the likelihood of a more hawkish Fed.
Gold and silver started the week at $1,772 and $19.89, respectively. Both metals experienced support from early safe-haven buying ... Read More
Gold Eyes Weekly Gains Despite Payroll Surprise
Monday marked the start of August trading and the third consecutive day of gold gains. Gold started the week at $1,762 an ounce and would reach one-month highs of $1,772 on Monday, as the dollar index slid lower. As a result, Silver saw mild gains on Monday, ending the day near $20.30.
While precious metals enjoyed Monday gains, major U.S. equities snapped their winning streaks with modest losses, as investors braced for earnings and economic data throughou... Read More
Precious Metals Surge as U.S. Data Signals a Recession and the Dollar Weakens
Last week, gold and silver snapped a three-week losing streak over recession worries and a pause in the dollar rally. As this week began, investors were looking ahead to Wednesday’s Fed announcement regarding interest rate hikes. Given last quarter’s U.S. economic contraction, there was also focus on Thursday’s GDP data, as two consecutive quarters of declining GDP meets the widely accepted definition of a recession.
Gold started the week ... Read More
Gold Snaps Losing Streak as the Dollar Rally Pauses
After falling last week on a stronger dollar, precious metals attempted to take advantage of a pause in the dollar rally as this week began. With last week’s inflation data, and next week’s Fed decision, this week was lighter in terms of scheduled economic events. Investors largely focused on corporate earnings, housing data, and rate hike news from the European Central Bank (ECB), which was set for Thursday.
As th... Read More
Precious Metals Plummet on Dollar Strength, Rate Hike Bets
Last week saw a dip in precious metals prices and stock market gains, despite fears of a recession in the U.S. As this week began, investors were focused on the health of the U.S. economy and central bank policy in the wake of record inflation. This being so, scheduled inflation data releases, jobless claims, and Fed speak quickly emerged as market drivers throughout the week.
While CPI data was not scheduled for release until Wednesday, forecasts began to ... Read More
Precious Metals Slide Despite Recession Fears
It was a shortened trading week in the U.S. as major markets were closed on Monday, in observance of the Independence Day holiday. Investors were anticipating multiple scheduled events throughout this week with Wednesday’s release of the Fed’s June meeting minutes, Thursday’s jobless data, and Friday’s nonfarm payroll data, topping the list.
Gold started the week at $1,808 an ounce, while silver was closer to $20.19. Recession concer... Read More
Precious Metals Plummet Amid Higher Interest Rates and Recession Fears
This week brought with it more investor caution as recession fears accelerated. Investors were confronted with gloomy economic data, depressed corporate earnings, and questions over Fed policy as record inflation persists.
After falling for two consecutive weeks, gold and silver started this week near $1,830 and $21.14, respectively. Monday saw a more subdued stock market, following last week's Wall Street rally in which major averages snapped a three-week ... Read More
Gold and Silver Drop as the Fed Affirms Hawkish Stance and Stocks Rise
It was a shortened trading week as major markets were closed on Monday, in observance of the Juneteenth Holiday. After plummeting by nearly 6% last week, the S&P 500 jumped by 2.5% on Tuesday, while other indices such as the Nasdaq Composite rose by 2.4%.
Despite a dollar pullback, the price of gold saw little change on Tuesday, as the yellow metal started the day near $1,840 an ounce and would end the day closer to $1,829. The slight pullback is attrib... Read More
Gold Eyes Weekly Decline Following Rate Hike
The week began with investors doing their best to stay in “wait and see” mode ahead of Wednesday’s FOMC update, regarding the next interest rate hike. However, it wouldn’t take long for caution, or an overall risk-off sentiment to take hold, as analysts began to predict a higher-than-expected rate increase of 75 basis points. This seemed more likely following last Friday’s red-hot inflation data.
Trading on Monday started with ... Read More
Gold Eyes Weekly Gains as the Dollar Firms and Inflation Surges
The week began with a cautiously optimistic mood on Wall Street following Friday’s better-than-expected payroll data, which revealed that the U.S. added 390,000 new jobs in May. This exceeded forecasts of 325,000. The positive payroll news resulted in just enough momentum for major indices such as the Nasdaq Composite and S&P 500 to achieve modest gains of 0.45% and 0.29% respectively on Monday.
Meanwhil... Read More
Gold and Silver Eye Modest Gains as Investors Digest Economic Data
It was a shortened trading week with markets in the U.S. closed on Monday in observance of the Memorial Day Holiday. Tuesday brought with it whipsawing equities, resulting daily losses. Tuesday also marked the end of a turbulent month in which major Wall Street averages fought to stay out of bear market territory.
Gold price movement was conflicted on Tuesday. The yellow metal enjoyed some support from investors fearing global growth slowd... Read More
Gold and Silver Eye Weekly Gains as the Dollar Eases
Last week, gold and silver managed to snap a four-week losing streak as investors were faced with an increasingly bearish equities market. Fears of a recession drove investors into safe-haven assets, while major stock market indices were faced with more than two months of consecutive weekly losses. Meanwhile, the S&P 500 was nearly 20% lower than its record highs, as it briefly dipped into bear market territory on Friday.
Cautious investor sentiment sti... Read More
Precious Metals Snap Losing Streak Amid Persistent Volatility, Recession Fears
This week, investor sentiment and subsequent market movements were driven by the prospect of additional Fed rate hikes and growing recession fears. U.S equities saw another turbulent week, while investors sought relative stability in bonds, currencies, and gold.
Cautious investor sentiment weighed on Wall Street Monday, as the Dow just ended another down week, marking its seventh consecutive drop. While all three major indices finished lower Monday, gold w... Read More
Dollar Gains Weigh on Gold and Silver as Volatility Plagues Stocks, Cryptos
As this week started, precious metals saw continued downward pressure from a surging dollar index and higher Treasury yields. At the same time, volatility characterized equity markets in the U.S. Investors weighed Fed policy and anticipated inflation data, jobless claims, and other economic news, for a gauge on U.S. economic health.
Stocks struggled to recover from the prior week’s volatility and fell again on Monday. Most notably, the S&P 500 shed over... Read More
Gold & Silver Decline Amid Dollar Gains
Last week saw a modest decline for both gold and silver. At the same time, U.S equities endured a sell-off and losing week amid rumblings of increasingly hawkish monetary policy from the Federal Reserve. Bullion prices started this week in a battle with a familiar technical foe on the dollar.
Gold started the week near $1,931 and encountered pressure as the dollar index once again neared two-year highs. Global growth concerns fueled... Read More
Gold and Silver Succumb to Higher Yields and Dollar Strength
Throughout this week, investors looked for developments on a variety of fronts. The continued Russia-Ukraine conflict, persistent inflation, and the prospect of higher-than-expected interest rates all affected investor sentiment. Meanwhile, bullion prices were conflicted. An abundance of uncertainty proved supportive, while higher yields and a stronger dollar pressured gold and silver.
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Gold & Silver See Weekly Gains Despite Yield, Dollar Spikes
As a reminder, OneGold offices will be closed tomorrow, April 15th in Observance of the Good Friday Holiday. Major markets such as the New York Stock Exchange are also closed on Friday. Throughout the shortened trading week, investors remained focused on Fed policy amid soaring inflation, the Russia-Ukraine conflict, and the start of corporate earnings releases.
The economic calendar was riddled with potential market-moving events throughout the week, with ... Read More
Gold & Silver Prices are Conflicted with Higher Yields, Recession Worries
Gold started the week under some pressure amid expectations of a more hawkish Fed. While there was speculation that recession risks and the Ukrainian conflict may lead to dovish monetary policy, it now seems the Fed has little choice but to enact more aggressive policy in the face of 40-year high inflation. This has lent support for a higher dollar index and surging yields which, in turn, have pressured bullion prices.
While this is true, metals... Read More
Gold and Silver See Monthly Gains, Weekly Losses
This week, investors continued to monitor an increasingly hawkish Fed, while also eying developments in Ukraine. Bullion prices were largely driven by yield movements, relative dollar strength, and geopolitical tensions.
On Monday, Wall Street sentiment was slightly higher, following two weeks of stock market gains. As the week began, the S&P 500 continued with its upward momentum, while gold prices saw pressure from dollar gain... Read More
Gold and Silver Rise Despite Fed Shift
As the conflict in Ukraine continues and the death tolls in city centers rise, the Russian troop movements have stalled in many places - leading to a bloody stalemate. Many investors in the U.S. have shifted their focus to an increasingly hawkish Fed, as inflation shows no sign of slowing.
After last week’s Fed update and rate hike, investors had seemingly priced in six additional rate increases of 0.25% for 2022. Following this, major U.S. equities had their best... Read More
Bullion Appeal Dented by Higher Interest Rates, Hopes of Peace
For weeks, investors in the U.S. have anticipated the Federal Reserve’s first interest rate increase since 2018. Persistent, record inflation has driven the Federal Reserve to pursue a more hawkish stance in recent months.
However, many have wondered just how hawkish Fed policy will tilt in the face of a Russian invasion of Ukraine. Seemingly in anticipation of a rate hike, stocks in the U.S. dropped as the week be... Read More
Precious Metals See a Historic, Volatile Week
It was both a historic a historic week for gold as the Russian invasion of Ukraine continued to escalate, sending shockwaves throughout global markets. By Monday, reports were surfacing that multiple Western countries were taking into consideration a ban of Russian oil imports. The West had already levied a variety of sanctions on Russia but had previously stopped short of oil imports.
Uncertainty stemming from the conflict, coupled with rumors of additional sanc... Read More
Gold and Silver Gain Amid War in Europe
Geopolitical concerns continued to dominate investor sentiment and subsequent market movements as another week began, and February drew to a close. Stocks in the U.S. were mixed on Monday, while negotiations between Ukrainian and Russian officials failed to bring about a cease fire or compromise. Meanwhile, precious metals were little changed on Monday, with gold near $1,907 and silver near $24.42 an ounce. While the conflict in Ukrain... Read More
Gold Sees Volatility as Russia-Ukraine Conflict Rages
It was a shortened trading week as the New York Stock Exchange and U.S. bond markets were closed Monday, in recognition of George Washington’s birthday. It was a light week in terms of scheduled economic events, with little on the calendar until Friday. Friday would see the release of PCE inflation, core inflation, income, and consumer spending data. U.S. stocks were coming off a second straight weekly loss as tensions between Ru... Read More
Gold and Silver Rise with Russia, Ukraine Tensions
As the week began, investor risk-sentiment was hinging on several factors such as developments near Ukraine, inflation, and Fed action amid said inflation. Tensions between Russia and Ukraine continued Monday, resulting in a stock market slide to start the week.
On the same day, some officials in the U.S. warned that a Russian invasion of Ukraine could occur at any time. This caused a jump in energy prices, with oil prices touching seven-year highs.
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Precious Metals Hold Steady Amid Record Inflation
Volatility plagued Wall Street as the trading week began with continued rollouts of quarterly earnings reports. Major indices whipsawed on Monday but would end the day lower. Gold started the week near $1,809, and would reach $1,823 by Monday’s close, as investors awaited inflation data. Silver also saw gains on Monday, as the metal jumped 2.1% while the Dollar dropped against the Euro.
Quarterly earnings continued to roll in on Tue... Read More
Gold and Silver Hold Ground Amid Mixed Jobs Data
Wall Street momentum continued on Monday, as major indices continued a two-day rally, but faced a monthly downturn. The S&P 500 and Nasdaq ended January down 5.1% and 8.8% respectively. January 2022 was the worst month for U.S. stocks since March of 2020, as the reality of a more hawkish Fed set in.
Gold fell last week, as the metal was pressured by the forecasted five interest rate hikes for 2022, compared to the original estim... Read More
Gold and Silver Dip Following FOMC Meeting, Dollar Gains.
Metals started the week off on solid footing, with gold near two-month highs around $1,835. Silver started the week near $24.20 an ounce. At that time, metals had support from a weaker dollar, geo-political woes, and broader market volatility.
Meanwhile, another rough open was anticipated on Wall Street after U.S. stocks finished their worst week since March of 2020. While the equities sell-off was steep, major indices such as the Dow and Nasdaq were ... Read More
Gold & Silver Shine Amid Rising Tensions, Volatile Markets
Major markets were closed on Monday, in observance of Martin Luther King Jr. Day. The much-needed break came after a rough start to 2022 for U.S. equities. On the bullion side, gold started the trading week near $1,815 an ounce, while silver began the week around the $22.93 mark.
Since the Fed’s late 2021 hawkish tilt, U.S. equities have dropped while yields have increased in anticipation of higher interest rates. It’s b... Read More
Gold and Silver Gain Amid Dollar Decline
So far, 2022 has proven difficult for Wall Street amid rising bond yields and tightening monetary policy. Tech stocks began the week with a Monday rally, allowing the Nasdaq to snap its 2022 losing streak. The dollar index was also slightly higher on Monday. Gold and silver were undeterred, starting the week near $1,794 and $22.20, respectively.
As markets opened on Tuesday, bond yields wer... Read More
FOMC Minutes Lead to Volatile Week for Metals
Investors began the week and the new year on a positive note, believing the economy would soon overcome the latest wave of Covid woes. As a result, stocks were up, with the Dow and S&P 500 both reaching record closes on Monday. While this was good news for many, inflation and reactive monetary policy remain key considerations heading into 2022.
Despite record inflation, gold didn’t have the 2021 that many expected, as the ... Read More
Gold & Silver Gain as the Fed Turns Hawkish
Gold & Silver Rise as the Fed Turns Hawkish
Gold and silver bugs began the week in anticipation of 2021’s last Fed meeting, which promised to bring clarity on the tapering timeline and potential confirmation of an earlier rate hike. The hawkish pivot on behalf of the Fed was likely to come, but many contend the timeline has been moved up as inflation in the U.S. touches a 40-year high.
Signs pointed towards a ste... Read More
Inflation Nears 40-Year High as Gold Trades Sideways
Inflation Nears 40-Year High as Gold Trades Sideways
Omicron fears, Fed policy, and inflation were just a few of the market drivers that were present as we kicked off another week. U.S. Stocks rallied on Monday as some investors digested concerns related to Omicron, which plagued markets last week. Gold and silver prices were little changed around $1,783 and $22.55, respectively as the week began.
Bitcoin losses accelerate... Read More
Gold & Silver Fall as Markets Digest Inflation, Omicron
Gold & Silver Decrease as Markets Digest Inflation, Omicron Concerns
As a new month began, there was no shortage of headlines or market developments that spurred investors to re-evaluate risk appetite. To start, Wall Street was plagued by hysteria surrounding the COVID-19 Omicron variant, resulting in a volatile week for stocks. Omicron cases have indeed been verified in the U.S. However, symptoms have been reported to be mild so far.
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Gold and Silver Shine as Inflation Runs Hot
Gold & Silver Shine as Inflation Runs Hot
This week began with Wall Street optimism on the heels of several weekend developments. Late Friday, the US House of Representatives passed a more than $1 trillion infrastructure bill, which will likely be signed by President Biden on Monday.
Tesla founder Elon Musk once again made headlines over the weekend when he put out a Twitter poll, asking if he should sell 40% of his Te... Read More
Gold Eyes Weekly Gains Despite Stronger NFP Data
Gold Eyes Weekly Gains Despite Stronger NFP Data
For investors, the broad focus and anticipation was on the Fed’s two-day meeting which started on Tuesday. Investors hoped to hear some specifics regarding tapering, or the reduction in emergency bond buying, as well as an outlook for potential interest rate increases. There was also an expectation that Fed Chair Jerome Powell would address rising prices, as inflation remains near a 30-year high.
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Gold & Silver Eye Modest Gains Amid Disappointing Jobs Data
Gold & Silver See Modest Gains Amid Disappointing Jobs Data
It was a relatively calm week in precious metals markets, as gold and silver spared investors from major price swings throughout most of the week. Investors were largely focused on debt ceiling deliberations in Congress, rising Treasury yields, and inflationary concerns. So far, the dollar has been the near-term benefactor, as investors gravitate to its relative stability. Given this, the dollar index hovered c... Read More
Gold & Silver Pare Losses Amid Lingering Inflation
Gold & Silver Cut Down Losses Amid Lingering Inflation
Wall Street was mixed as the week began. Although the Dow, S&P, and Nadaq were all slightly up last week, September has maintained its reputation as a historically bad month in the stock market. Durable goods orders rose by 1.8% on Monday. This was much higher than the forecasted number of 0.6%, driving some indices up, resulting in a mixed finish on Wall Street.Gold ticked up in early m... Read More
Risk Appetite and Firmer Yields Weigh on Bullion
Risk Appetite & Firmer Yields Weigh on Bullion
The week began with a downturn in the stock market, fueled by concern on several fronts. Investors are keenly aware that September has a long history of being the worst month for U.S. stocks and exercised caution as a result. The Federal Reserve was scheduled to start its two-day meeting on Tuesday, so there was also concern among investors that the Fed may announce a sooner start to tapering.
In additi... Read More
Gold & Silver Lose Ground Ahead of FOMC Meeting
Gold & Silver Lose Ground Ahead of FOMC Meeting
Many investors are exercising more caution as U.S. stocks are eyeing their first negative month since February. Historically, September has proven to be a more volatile month on Wall Street. Investors have grown to anticipate this volatility, but many continue to cite concerns over a slowing economy plagued by inflation, supply chain disruptions, and other complications stemming from Covid-19 shutdowns.
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Gold & Silver Battle USD Strength Ahead of Inflation News
Gold and Silver Fight USD Strength Ahead of Inflation Reports
Last week saw a decline for both gold and silver, while stocks were lower. The dollar was higher, as some indicators pointed to slowdowns in the U.S. economy. Gold gained some momentum this morning from weaker U.S. bond yields. However, gains were capped by dollar strength, putting gold at $1,794. The dollar also weighed on silver prices this morning. Silver briefly dipped by 1.5% but is now back up to around $23... Read More
Gold and Silver Lose Ground to Dollar Gains
It was a shortened trading week as Americans observed Labor Day on Monday, the 7th. It was also a lighter week in terms of scheduled economic events. Analysts were anticipating Fed data on Wednesday, along with employment data throughout the week. Investors in America and Europe also looked to Thursday as officials from the European Central Bank (ECB) were scheduled to provide an update on their own tapering timeline.
Tuesday marked the beginning of the trading week and a sta... Read More
Silver Surges After Jobs Data Disappoints
Silver Increases After Jobs Data Disappoints
Metals, stocks, and the dollar remained relatively flat throughout most of the week. All were seemingly in a holding pattern ahead of U.S. jobs data later in the week. This week’s employment data carried extra significance, as Fed officials recently indicated that considerable job growth would need to be seen as a pre-condition for tapering.
As a result, significant price movements were not seen for bul... Read More
Gold & Silver Gain on Fed Speech, All Eyes on Employment Data
Gold and Silver Rise on Fed Speech, Eyes on Employment Data
Boosted by the Fed’s dovish tone on Friday, both gold and silver ended the week on a high note. Since Friday’s close, gold is little changed. The yellow metal is currently near $1,813 an ounce. Silver is up by 0.6% and is at $24.06.
Bitcoin detractors have been more vocal in recent days, as prices in the crypto space have slid. Bitcoin is currently at $47,777, down 2% fr... Read More
Gold and Silver Eye Weekly Gains Amid Dovish Fed Speech
For most of the week, investors were weighing risk stemming from a continued rise in Delta variant cases, and chaos in the Middle East. Tension abounded on Wall Street at the beginning of the week, as some experts identified complications from Delta spread as a threat to economic growth.
Gold started the week at around the $1,778 level, while silver started the week at just over $23 an ounce. Despite disappointing manufacturing and services data, U.S. stoc... Read More
Gold & Silver Gain Ahead of Fed Gathering
Gold & Silver Rise Ahead of Fed Gathering
The week began as the dollar dipped from highs not seen since November of 2020. The dollar rise came on the heels of FOMC meeting notes last week, which indicated Fed tapering may occur before the end of the year. Treasury yields are modestly higher as well, with both the 10-year and 30-year Treasury notes up by one basis point this morning.
Gold and silver both rose with the dollar decline. Gold... 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.
