Precious Metals Market Reports

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.  Read More

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. Read More

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.  Read More

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.  Read More

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.  Read More

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

Silver Dips & Gold Gains on Virus Woes, Chaos Abroad

Silver Drops While Gold Gains The week started with major U.S. stocks opening slightly lower, as the dollar hovered near lows not seen since the beginning of the month. Data out of China showed a slowing in retail sales and industrial production. Investors were concerned about a slowing of economies around the globe as the Delta variant continues to spread, dampening risk appetite.  Stocks were also pressured by rumors that the Federal Reserve ... Read More

Gold Recovers from Flash Crash Amid Dollar Retreat & Virus Concerns

Gold recovers from Flash Crash As last week closed, gold saw significant pressure from a positive jobs report and a subsequent jump for the 10-year Treasury yield. For gold and silver this culminated in a flash crash on Sunday, leaving Gold down by 4.4%. Silver dove by more than 7% as it briefly dipped below $23. Following the flash crash, both metals bounced, as the dollar rally slowed. Silver quickly reached oversold territory. Coming off lows not see... Read More

Inflation Data in Focus after Bullion Flash Crash

Inflation Data in Focus After Bullion Crash Metals closed last week under pressure from Friday’s positive jobs report. Pressure resumed for both gold and silver in early Asian trading hours. On Sunday evening, gold dipped by 4.4%, to around $1,693 an ounce. Gold has since bounced from those levels, which haven’t been seen since March. Right now, gold is near $1,732 an ounce.Silver briefly dipped below the $23 mark, which was an eight-month low... Read More

Jobs Data Pressure Gold and Silver Downward

Jobs Data Pressure Gold & Silver Downward Gold and silver prices remained relatively flat throughout the majority of this week, saving significant price movements for Friday. On Wall Street, the mood was cautiously optimistic as the week began. Positive earnings data, whispers regarding an infrastructure deal, and signs of a continuation of central bank stimulus, all pushed stocks higher, as markets opened Monday. However, rising cases of the Delta COVID-19 variant woul... Read More

Gold & Silver Prices Decline, Jobs Data in Focus

Gold & Silver Prices Drop, Jobs Data in Focus As we begin the week, gold and silver prices are down slightly from Friday’s levels, despite a dollar decline and lower Treasury yields. Currently, silver is hovering near $25.41 while gold is closer to $1,814 an ounce. Investor sentiment on Wall Street is mixed, but largely optimistic as positive earnings have out-weighed concerns over increasing coronavirus cases. The Nasdaq, Dow Jones Industrial... Read More

Gold & Silver Dip Amid Wall Street Rally

Gold & Silver Drop Amid Wall Street Rally Caution underscored Monday’s mood, with an uptick in global virus cases coupled with real concerns over economic progress in the U.S. Stocks tumbled as the week began, with concerns that rising coronavirus cases may impede economic growth.  On Monday, the Dow Jones Industrial Average fell by 700 points, marking its worst day since October. The S&P 500 and Nasdaq also slipped 1.5% and 1.2% respectively. ... Read More

Gold Steadies While COVID Cases Climb

Gold Steadies While COVID Cases Rise As the week began, silver and gold prices encountered some initial headwinds, leading to a Monday morning dip. With rising coronavirus cases, investors favored the dollar as a haven, bolstering the greenback and sending gold to a one-week low of $1,795. Silver briefly touched the $25.05 mark. Both metals bounced amid a sell-off in stock futures, fueled by inflation and coronavirus concerns on behalf of investors. Dow... Read More

Gold Rises Steadily While Stocks Ease

Gold Rises Steadily While Stocks Relax Bullion markets were steady this week, bolstered by Fed speak and easing yields. As the week started, the focus was on quarterly earnings from major corporations, inflation data, and Fed Chair Jerome Powell’s testimony before The U.S. House Financial Services Committee.  U.S. stocks started the week off on solid footing, as the Dow Jones Industrial Average surged 120 points, reaching a record close. The ... Read More

Gold & Silver Steady Ahead of Inflation, Jobs Data

Gold and Silver Remains Steady Ahead of Inflation and Jobs Data The beginning of the week saw a firmer dollar, while overall risk appetite seems to have declined. Investors are waiting for cues from inflation and jobs data as major markets remain steady. Gold is currently looking range-bound around the $1,799... Read More

Gold Gains as Optimism Shrinks

Gold Gains as Optimism Wanes Tuesday was the beginning of a shortened trading week and the beginning of declines for stocks, yields, and the dollar. All of this would support gold and silver prices, as silver would see its weekly peak on the same day. With investors continually evaluating U.S. economic progress, ISM services data and FOMC meeting minutes would be in focus as the potential market-moving schedul... Read More

Gold & Silver Flat Ahead of FOMC Minutes

Gold & Silver Flat Before FOMC Minutes Traders are looking at a shortened week, as major U.S. markets are closed Monday in observance of Independence Day. Both metals are relatively flat to begin the week. Silver is currently around $26.40, while gold is near $1,792 amid a subdued dollar and mixed jobs data that was released on Friday.  The data from the Bureau of Labor Statistics revealed that more jobs were added in June, but unemployment rat... Read More

Gold & Silver Steady as Investors Await Jobs Data

Gold & Silver Steady as Investors Wait for Jobs Data After barely snapping a more than three-week losing streak, gold is subdued to start the week while the dollar steadies. Currently, gold is sitting near $1,780 an ounce, which is close to where it ended last week. Silver is also little changed from last week’s levels and is hovering around the $26.15 mark. Given how reactive both metals have been to Fed updates in recent weeks, it’s li... Read More

Gold Looks to End Losing Streak as Stocks Surge

Gold Looks to End Losing Streak as Stocks Climb Precious metals are wrapping up a relatively calm week, compared to last week, in which a more hawkish Fed stance and subsequent dollar rally led to a decline of more than 5% for both gold and silver. Heading into this week, investors were focused on monetary policy clues and inflation data.Gold started the week around $1,783 an ounce, while the Dollar Index ended Monday close to two-month highs. Silver open... Read More

Marketplace Shortages Persist

Marketplace Shortages Continue 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 ... Read More

Commodity & Industrial Shares Are Up

Commodity and 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 commodi... Read More

Precious Metal Underdogs Are Up

Precious Metal Underdogs Are Climbing Rising inflation pressure in the United States supports bullion’s continued momentum. As of 8:30 a.m. CST Friday morning,  Read More

Precious Metals Are Up

Precious Metal Prices 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 la... Read More

Gold Rises, Dollar Declines

Gold Rises as 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 publi... Read More

Gold Sees a Gain for the Week

Gold Experiences 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 holdi... Read More

Gold Rises Slightly to Start Second Quarter

Gold Climbs Slightly to Begin 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 r... Read More

Gold Loses Out to Dollar

Gold Loses Out to the 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... Read More

Treasuries and Bullion Affected by Fed Chair Remarks

Treasuries and Bullion are Impacts 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 o... Read More

Gold Suffers Over the Week

Gold Struggles 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 tr... Read More

Precious Metals Sink as Treasuries Spike

Precious Metals Fall 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 Se... Read More

Bonds Rise, Gold Tanks

Bonds Rise While Gold Falls 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 t... Read More

Gold Down, Platinum Up

Gold is Down While Platinum is 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 t... Read More

Platinum Up, Other Metals Hold Gains

Platinum on the Rise While 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... Read More

Silver Hits Peak and Slides, Demand Still High

Silver Hits Peak and Falls With 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 ... Read More

Day Trading Drives Market for Silver

Day Trading Drives Silver Market 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 ... Read More

Gold Has a Steady Week

Gold Experiences a Calm 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. Read More

Gold Trapped Between Inflation and U.S. Optimism

Gold Trapped by U.S. Optimism & Inflation 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. Read More

A Choppy Week for Precious Metals

Rough 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, b... Read More

Final Week of 2020 Caps Strong Year for Precious Metals

Last Week of 2020 Ends a 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... Read More

2020 Market Year in Review

2020 Market Year 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 t... Read More

Dollar Drops, Gold Benefits

As the Dollar Drops, Gold Rises 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 d... Read More

Inflation Risk Pushes Gold Up

Inflation Risk Increases Prices 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 official... Read More

COVID, Congress and the Crown: A Week of Deadlock

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 wra... Read More

Precious Metals Rise as Stimulus Talks Finally Progress

Precious Metals Improve as Stimulus Talks 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 ... Read More

Precious Metals Take a Beating

Precious Metals Suffer 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... Read More

No Stability in Sight for Precious Metals

No Stability for Precious Metals on the Horizon 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, neit... Read More

Markets Fluctuate on COVID-19 News

Markets Fluctuate Based 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... Read More

No Clarity on U.S. Election

No Clarity on United States 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 doll... Read More

No Stimulus in Sight, Precious Metals Suffer

With 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 ... Read More

Markets Wait on Mnuchin and Pelosi’s Aid Package

Markets Wait on Congress's Plan 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 H... Read More

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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