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Weekly Market Reports

Gold Falls to a Three-Month Low

Gold lowered on Monday, with U.S. benchmark stock indexes dulling demand for the Precious Metal. Gold continued to fall on Tuesday, as a climb in U.S. stocks, bond yields and hope for a U.S.-China trade deal sent prices for the Precious Metal to their lowest in three weeks. Gold settled slightly higher Wednesday, a day after the Precious Metal fell below the key $1,500 mark. Gold dropped Thursday to its lowest finish in three months and the largest weekly percentage decline in more than a year. Renewed optimism about a partial U.S.-China trade dulled the appeal of the haven metal. Gold continued its slide on Friday, bringing bullion to a three-month low and its sharpest weekly fall since President Trump’s 2016 election victory.

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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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