JMBullion.com Blog

Market Overview: The gold market is trading flat in early action today while silver moves slightly higher. Markets may be in somewhat of a holding pattern as the highly anticipated vote on the bill to abolish the Affordable Care Act will take place today. The gold market may also potentially be vulnerable to some profit…

Gold Spot Price Open: $1,254 Gold Spot Price Close: $1,250 Change in Gold Spot Price: -$4 Silver Spot Price Open: $17.68 Silver Spot Price Close: $17.56 Change in Silver Spot Price: -$0.12 Precious metals backed down a bit on Thursday, but are still looking strong in the near-term thanks to a host of bullish outside…

Gold Spot Price Open: $1,251 Gold Spot Price Close: $1,252 Change in Gold Spot Price: +$1 Silver Spot Price Open: $17.66 Silver Spot Price Close: $17.51 Change in Silver Spot Price: -$0.15 Precious metals continued to inch forward on Thursday thanks to many of the same factors that have been helping metals up to this…

Gold Spot Price Open: $1,237 Gold Spot Price Close: $1,248 Change in Gold Spot Price: +$11 Silver Spot Price Open: $17.51 Silver Spot Price Close: $17.51 Change in Silver Spot Price: NO CHANGE Precious metals were able to retain some of their strength on Tuesday as a lack of fresh news made for a quiet…

Gold Spot Price Open: $1,233 Gold Spot Price Close: $1,236 Change in Gold Spot Price: +$3 Silver Spot Price Open: $17.49 Silver Spot Price Close: $17.40 Change in Silver Spot Price: -$0.09 Gold and silver continued to add value to open up the new week, however some chart consolidation limited the gains metals were able…

Market Overview: The metals are trading slightly higher in quiet action to kick off the trading week. Investors are still digesting last week’s FOMC meeting, at which the central bank raised the Fed Funds rate by a quarter point. This move was expected by markets, however, the markets were likely more interested in the Fed’s…

Gold Spot Price Open: $1,230 Gold Spot Price Close: $1,232 Change in Gold Spot Price: +$2 Silver Spot Price Open: $17.38 Silver Spot Price Close: $17.37 Change in Silver Spot Price: -$0.01 Precious metals continued adding value to close out the week, however Friday’s gains were a bit more subdued than the two previous days’….

Market Overview: Both gold and silver are moving slightly higher today in early trade. In a classic case of “sell the rumor buy the fact” trade, both of these metals have come back from recent lows following the Fed meeting conclusion on Wednesday afternoon. The metals have likely seen some sort covering as well as…

Gold Spot Price Open: $1,204 Gold Spot Price Close: $1,229 Change in Gold Spot Price: +$25 Silver Spot Price Open: $16.98 Silver Spot Price Close: $17.29 Change in Silver Spot Price: +$0.31 Gold and silver continued to move forward on Thursday, spurred mostly by a much less hawkish than expected Federal Reserve. When all was…

Gold Spot Price Open: $1,205 Gold Spot Price Close: $1,221 Change in Gold Spot Price: +$16 Silver Spot Price Open: $16.98 Silver Spot Price Close: $17.29 Change in Silver Spot Price: +$0.31 Precious metals ended up posting decent gains in the wake of the all-important FOMC meeting today. When all was said and done, gold…

Gold Spot Price Open: $1,206 Gold Spot Price Close: $1,207 Change in Gold Spot Price: +$1 Silver Spot Price Open: $17.03 Silver Spot Price Close: $16.85 Change in Silver Spot Price: -$0.18 Gold and silver did not really extend their losses by too much, but did not do much in the way of adding value…

Gold Spot Price Open: $1,207 Gold Spot Price Close: $1,206 Change in Gold Spot Price: NO CHANGE Silver Spot Price Open: $17.10 Silver Spot Price Close: $16.95 Change in Silver Spot Price: -$0.15 Precious metals tried to trek forward to start the new week, but by day’s end finished closer to even. When all was…

Market Overview: Gold and silver are both moving slightly higher in early trade today as the new trading week gets off to a slow start. Markets may seem some relatively range bound price action ahead of this week’s FOMC meeting. Gold and silver are both likely seeing some short covering and bargain hunting following recent…

Gold Spot Price Open: $1,206 Gold Spot Price Close: $1,206 Change in Gold Spot Price: NO CHANGE Silver Spot Price Open: $17.07 Silver Spot Price Close: $17.02 Change in Silver Spot Price: -$0.05 Precious metals did on Friday what they did all week long, lose value. When all was said and done on Friday, gold…

Market Overview: Gold and silver are essentially flat following this morning’s release of the Employment Situation report. Gold is trending lower, and it would appear that perhaps the gold market had not fully priced in a March rate hike by the Fed. Crude oil has also been sliding, not doing the gold market any favors….

Gold Spot Price Open: $1,212 Gold Spot Price Close: $1,204 Change in Gold Spot Price: -$8 Silver Spot Price Open: $17.34 Silver Spot Price Close: $16.95 Change in Silver Spot Price: -$0.39 Precious metals lost again on Thursday, even with the US Dollar weakening to some extent. When all was said and done, gold conceded…

Gold Spot Price Open: $1,218 Gold Spot Price Close: $1,210 Change in Gold Spot Price: -$8 Silver Spot Price Open: $17.58 Silver Spot Price Close: $17.22 Change in Silver Spot Price: -$0.36 Precious metals continued falling on Wednesday as some more upbeat employment data was dealt in the form of the ADP private-sector employment report….

Gold Spot Price Open: $1,230 Gold Spot Price Close: $1,219 Change in Gold Spot Price: -$11 Silver Spot Price Open: $17.89 Silver Spot Price Close: $17.48 Change in Silver Spot Price: -$0.41 Gold and silver fell again on Tuesday as they are both finding it very difficult to gain any solid footing in the midst…

Gold Spot Price Open: $1,237 Gold Spot Price Close: $1,230 Change in Gold Spot Price: -$7 Silver Spot Price Open: $18.04 Silver Spot Price Close: $17.79 Change in Silver Spot Price: -$0.25 Precious metals did not exactly come out of the gates flying on Monday, as rate hike expectations continue to weigh on spot values….

Market Overview: Gold and silver are moving modestly higher in early action today to begin the new trading week. Investors are likely still digesting last week’s commentary from Fed Chairwoman Janet Yellen. In comments made on Friday, Ms. Yellen all but assured markets that a rate hike would be seen at the central bank’s meeting…

Gold Spot Price Open: $1,235 Gold Spot Price Close: $1,236 Change in Gold Spot Price: +$1 Silver Spot Price Open: $17.84 Silver Spot Price Close: $17.95 Change in Silver Spot Price: +$0.11 Precious metals continued losing to start the day Friday, but turned those losses around and finished the day slightly higher. When the dust…

Market Overview: Gold and silver are trading slightly lower in quiet early action today. Gold has a number of potential issues working against it currently, and prices have hit a two week low. Gold saw heavy selling yesterday, as investors appear to be concluding that a March rate hike is not only possible but at…

Gold Spot Price Open: $1,251 Gold Spot Price Close: $1,237 Change in Gold Spot Price: -$14 Silver Spot Price Open: $18.51 Silver Spot Price Close: $17.77 Change in Silver Spot Price: -$0.74 Precious metals lost again on Thursday as the prospect of a March rate hikes grows increasingly realistic. When all was said and done,…

Gold Spot Price Open: $1,260 Gold Spot Price Close: $1,259 Change in Gold Spot Price: -$1 Silver Spot Price Open: $18.50 Silver Spot Price Close: $18.39 Change in Silver Spot Price: -$0.11 Precious metals are now facing pressure thanks to changing interest rate hike expectations in recent days. When all was said and done on…

Gold Spot Price Open: $1,260 Gold Spot Price Close: $1,251 Change in Gold Spot Price: -$9 Silver Spot Price Open: $18.44 Silver Spot Price Close: $18.29 Change in Silver Spot Price: -$0.15 Precious metals were the victims of profit-taking on Tuesday as the biggest news of the day came in the form of a Donald…