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Gold and silver traders searched for stability last week on a stronger dollar, and the unanimous decision by the Federal Reserve to leave 23-year-high interest rates unchanged in favor of more data showing the economy was truly making a sustained effort to reach policymakers’ desired 2% inflation target. The Fed also indicated during last Wednesday’s meeting that traders…

Gold and silver traded higher Friday morning following a report that showed a dramatic decrease in the price of U.S. imports – the first monthly drop since last December and the latest sign this week that inflation may finally be on the retreat.  The U.S. Bureau of Labor Statistics reported that prices for U.S. imports decreased 0.4%…

A government report released Thursday showing an unexpected decline in consumer prices last month provided a second piece of critical evidence in as many days that inflation was cooling off and bolstered calls for federal policymakers to reduce interest rates sooner than later.  The Producer Price Index (PPI) issued by the U.S. Bureau of Labor Statistics found…

The Federal Reserve left interest rates unchanged for a seventh straight meeting on Wednesday, saying the U.S. economic outlook remained “uncertain” even with a better-than-expected report indicating that inflation was cooling. The unanimous decision by the Federal Open Market Committee came several hours after the U.S. Bureau of Labor Statistics reported that inflation retreated slightly last month, declining to…

Gold and silver traded higher Wednesday morning, following a new report showing inflation retreated slightly last month. This boosted confidence among investors that Federal Reserve officials might be more inclined to cut interest rates sooner rather than later.  The Consumer Price Index released by the U.S. Bureau of Labor Statistics declined to a 3.3% annual rate in…

U.S. small business owners continued to be less optimistic about the state of the economy in May, with many citing stubborn inflation as the reason for the negative sentiment, according to a new report released Tuesday. The findings paint a challenging – if lately familiar – backdrop going into Wednesday’s Federal Open Market Committee meeting…

Through most of last week, investors seemed cautiously optimistic that the Fed would finally step in and start cutting interest rates by September – making the first of the three rate reductions it once estimated were in store for 2024. Reports released on job openings and private business payrolls had pointed to a shaky, if…

Heading into the weekend, some investors were easing on the doomscrolling because gold and silver had largely weathered a string of dismal news on a weakened labor market. Then Friday took a wrecking ball to the whole thing with the U.S. Bureau of Labor Statistics report detailing payroll additions that trounced Wall Street expectations. That data sent…

Gold continued to slide in Friday trading after a stronger-than-expected U.S. jobs report rallied the dollar and all but crushed hopes for an interest rate cut that had figured to come as early as September. Gold sunk 2.72% in morning trading, down $64 to trade at $2,312 per ounce on the heels of data from…

Increased signs of a cooling labor market pushed precious metals higher in Thursday trading as a week of disappointing economic data continued, putting even more pressure on federal monetary officials to address the slide when they meet next week. Gold was up nearly $23 at $2,377 per ounce and silver was trading $1.17 higher at…

Gold and silver traded higher Wednesday morning after a closely watched report pointed to widening cracks in the U.S. labor market. Gold was up $22 at $2,351 per ounce and silver was making small gains, up $.25 at nearly $30 an ounce after data from the ADP National Employment Report showed that private payrolls added…

Gold and silver dipped in early trading Tuesday on the heels of a report showing the number of U.S. job openings sunk to a three-year low last month, revealing continued fragility in the labor market a week before federal monetary policy officials meet in Washington to assess the economic headwinds. Gold was down $22.48 at…

In a shortened trading week, gold and silver were rattled by hawkish “Fedspeak” and economic data that again reflected inflation’s vice grip on the U.S. economy, despite a robust job market and improved financial footing across several key sectors. But all told, both metals still delivered an impressive month of May. Meanwhile, federal policymakers said…

Gold and silver prices fell in early trading Friday after the Fed’s preferred gauge to measure inflation showed that cost pressures remained elevated last month – likely shutting a door on the chance of policymakers trimming interest rates anytime soon. Gold was down more than $14 at $2,329 an ounce while silver dipped $0.8 to…

Gold prices were trading lower, and silver remained near-steady Wednesday after a Federal Reserve official refused to rule out future rate increases. Gold was down $19.41 at $2,340.48 while silver held even at around $32 on remarks Tuesday by Federal Reserve Bank of Minneapolis President Neel Kashkari, who left the door open to increases.“I don’t…

Gold Spot Price Open: $1,295 Gold Spot Price Close: $1,283 Change in Gold Spot Price: -$12 Silver Spot Price Open: $18.45 Silver Spot Price Close: $18.13 Change in Silver Spot Price: -$0.32 As geopolitical worries subsided on Wednesday, precious metals took a fairly sizeable hit. When all was said and done, gold lost in upwards…

Gold Spot Price Open: $1,293 Gold Spot Price Close: $1,293 Change in Gold Spot Price: NO CHANGE Silver Spot Price Open: $18.60 Silver Spot Price Close: $18.25 Change in Silver Spot Price: -$0.35 Precious metals finished the day mixed again, but seeing as spot values have not been moving too dramatically it is clear to…

Gold Spot Price Open: $1,294 Gold Spot Price Close: $1,287 Change in Gold Spot Price: -$7 Silver Spot Price Open: $18.66 Silver Spot Price Close: $18.36 Change in Silver Spot Price: -$0.30 Precious metals opened up this week of trading having lost some value right away. When all was said and done, gold lost about…

Market Overview: Markets are calm today as the new trading week gets under way. Geopolitics have taken a turn this past weekend, however, as what some consider fresh provocations by North Korea have increased already high tension levels between the U.S. and North Korea. As the nation has done before, it held a parade on…

Gold Spot Price Open: $1,290 Gold Spot Price Close: $1,289 Change in Gold Spot Price: -$1 Silver Spot Price Open: $18.62 Silver Spot Price Close: $18.52 Change in Silver Spot Price: -$0.10 Precious metals ended up losing on Friday, but the week as a whole was overly upbeat for both gold and silver. When all…

Gold Spot Price Open: $1,276 Gold Spot Price Close: $1,290 Change in Gold Spot Price: +$14 Silver Spot Price Open: $18.37 Silver Spot Price Close: $18.52 Change in Silver Spot Price: +$0.15 Both gold and silver moved forward again on Thursday, this time thanks to some remarks made by US President Trump. When all was…

Gold Spot Price Open: $1,276 Gold Spot Price Close: $1,289 Change in Gold Spot Price: +$13 Silver Spot Price Open: $18.37 Silver Spot Price Close: $18.45 Change in Silver Spot Price: -$0.08 Precious metals continued their winning ways on Wednesday thanks to increasing safe-haven demand. When all was said and done, gold managed to add…

Gold Spot Price Open: $1,256 Gold Spot Price Close: $1,277 Change in Gold Spot Price: +$21 Silver Spot Price Open: $18.03 Silver Spot Price Close: $18.31 Change in Silver Spot Price: +$0.28 Precious metals bounced back on Tuesday as geopolitical jitters have begun to set in amongst global investors. When all was said and done,…

Gold Spot Price Open: $1,258 Gold Spot Price Close: $1,258 Change in Gold Spot Price: NO CHANGE Silver Spot Price Open: $18.08 Silver Spot Price Close: $17.92 Change in Silver Spot Price: -$0.16 Precious metals began the week having lost some ground, but are still hanging on to the near-term technical advantage. When all was…

Market Overview: The gold and silver markets are seeing some slight selling pressure today as stocks trade in the green and the risk aversion trade has faded. The risk on/risk off dynamic could potentially see some rapid changes in the coming weeks, however. The possibility of further military action against Syria may remain on investors’…