Monthly Archives: May 2017

  • Gold Maintains Gains In New Week

    Prices for spot gold held on to gains made recently, sitting at $1,267.21 per ounce today. Market analysts are anticipating the precious metal to possibly rise more, following recent friction following the G7 and Nato meetings between many European leaders and U.S. president Donald Trump.

    In other metals, palladium gained 0.8 percent today. Silver is up 0.6 percent, but platinum took a loss of 0.5 percent today. Copper is down 0.4 percent. Zinc and lead are also down, losing 0.1 percent and 0.3 percent, respectively. Aluminum gained 0.1 percent today, and nickel and tin are also up, rising by 0.3 percent and 0.7 percent.

    The U.S. dollar made a recovery after last week's dramatic low of 96.79 on May 22 - the currency is currently up to 97.71 on its index. The euro has slipped to 1.1122, and the pound is down to 1.2809. Japan's yen is stronger at 110.98, as is the yuan at 6.8295.

  • Gold, Precious Metals Post Minor Gains

    Today saw the price of spot gold rise 0.1 percent to $1,258.680 per ounce. Precious metals in general rose an average of 0.2 percent today.

    In base metals, three-month zinc prices slipped 0.5 percent to $2,638 per ton. Copper is down 0.1 percent to $5,696 per ton. The rest of the precious metal complex are up anywhere from 0.1 percent to 0.2 percent.

    Moving to international markets, the price for spot Brent crude oil is up 1.1 percent to $54.43 per barrel. The commodity has risen the past few sessions in anticipation of today's meeting in Vienna between the Organization of the Petroleum Exporting Countries (OPEC). U.S. ten-year treasuries is down 2.25 percent. The dollar index is at 96.94.

  • Stronger Dollar Pressures Gold

    Gold prices are relatively the same today at $1,251.92 per ounce. A recovering U.S. dollar is keeping the precious metal from posting any real gains.

    In other metals, palladium is steady at $772.50 per ounce. Silver prices are down, as are platinum prices, with losses of 0.6 percent and 0.4 percent, respectively. Yesterday saw gold and silver prices closing with about 0.6 percent losses each. Platinum lost 0.2 percent, and palladium rose 0.5 percent. In base metals, zinc lost 1.5 percent, three-month copper is down 1.1 percent, and nickel was the greatest loser at -1.7 percent today.

    Pricing on spot Brent crude oil is up 0.3 percent to $54.30 per barrel in anticipation of the meeting tomorrow with ministers of the Organization of the Petroleum Exporting Countries (OPEC). Ten-year U.S. treasuries strengthened by 2.28 percent today. The U.S. dollar index rose slightly to 97.42, up from Monday's 96.79.

  • Gold Returns Some of Friday's Gains

    Following an impressive performance on Friday, with gold prices up an average of 0.7 percent across precious metals, spot gold closed today at a loss of 0.2 percent to $1,252.96 per ounce.

    In other metals, silver is up 0.3 percent today, followed by palladium which posted a 0.2 percent gain today. Base metals are down in general today, with nickel beating the others at a loss of a mighty 3 percent, down to $9,085 per ton. Other base metals are down an average of 0.4 percent, and tin is relatively unchanged.

    In international markets, prices for spot Brent crude oil are up 0.3 percent to $53.97 per barrel, boosted by news that supply cuts are going to be extended from Saudi Arabia. U.S. ten-year treasuries are firmer at 2.25 percent. The dollar is weaker on its index, down to 97.23.

  • Gold Holds Recent Bullish Gains

    Spot gold is relatively unchanged today at $1,259.75 per ounce. The precious metal appears to be holding tight to its massive 1.9 percent gain yesterday.

    Silver and platinum are both down 0.4 percent today. Palladium rose 0.3 percent. Yesterday, however, the price of platinum and silver both increased, rising 0.6 percent and 0.4 percent, respectively. Palladium is down 1.6 percent to $782 an ounce.

    The prices for spot Brent crude oil in international markets slipped somewhat to $51.93 per barrel amongst market consolidation. U.S. ten-year treasuries fell by 2.24 percent, echoing the sentiment that safe haven demand is increasing across the board right now. The Dow Jones industrial average lost 1.8 percent today. The U.S. dollar is again down today, to a low of 97.33.

  • Gold Up on Weaker U.S. Dollar

    Today saw the prices for spot precious metals prices gain 0.4 percent on average. Gold prices are up 0.2 percent to $1,233.50 per ounce, and all other precious metals rose 0.5 percent today.

    Yesterday was slightly skewed with palladium sinking 1.1 percent while silver and platinum both gained about 1.1 percent. Gold also gained yesterday to 0.2 percent. Today, base metals are also posting gains, up 0.6 percent on average. Lead and zinc prices slipped 1.1 percent, nickel lost 0.9 percent, and three-month copper also fell 0.4 percent today to $5,582 per ton.

    In international markets, pricing on spot Brent crude oil prices rose 0.3 percent to $51.92 per barrel in anticipation of the likely upcoming Organization of the Petroleum Countries (OPEC) extended deal. The dollar index is weaker again today, down to 98.75. The euro is stronger at 1.0994.

  • Precious Metals Up, Platinum and Palladium Lead Rises

    Precious metals are all generally posting upticks today. Gold is currently at $1,211.90 per ounce, an increase of 0.3 percent.

    Leading the other precious metals in gains today is palladium, which is up a hefty 1 percent to $801.70 per ounce. Silver rose 0.6 percent today, and platinum is currently 0.8 percent stronger. Platinum is up for the second day, having posted a 0.4 percent increase yesterday while other metals lost ground.

    Prices for spot Brent crude oil are up 0.4 percent today to $50.47 per barrel. The yield for U.S. ten-year treasuries is stronger today, up to around 2.40 percent. The dollar index is showing stability at 99.58 today. The euro has recently dipped from its previous gains following the results of the French popular election - the currency is now at 1.0878, and the sterling is unimpressive at 1.2948.

  • Softer Dollar Helps Hold Gold

    Precious metals began this week holding firm with spot prices up an average of 0.5 percent on Monday. Silver and the PGMs rose an average of 0.7 percent at the week's start, and gold prices held to $1,230.67 per ounce.

    In international markets, the U.Ss ten-year treasuries held firmer at 2.36 percent. Spot pricing on Brent crude oil is up 0.7 percent. The dollar index is at 98.60, failing to find gains even through the better-than-anticipated U.S. employment report. Last Friday's low was 98.54.

    In equities, the Hang Seng and ASX 200 are up 0.5 percent. The CSI 300 dropped 1.1 percent, while the Dow Jones industrial average rose 0.3 percent, and the Euro Stoxx 50 gained 0.9 percent. The Nikkei and Kospi also closed in positive territory, up 2.4 percent and 1.6 percent, respectively.

  • Safe Haven Interest Lessens, Weakens Gold

    Precious metals are weaker across the board today, as spot prices fell between 1 percent for gold and 1.7 percent for silver.

    Base metals at the three-month mark rose an average of 0.5 percent this morning in London. Aluminum and lead prices came in at a slightly lower rate than the rest, with tin prices at 0.3 percent and zinc showing 1.4 percent. Copper rose 0.7 percent to $5,777 per ton.

    The Dow Jones industrial fell somewhat yesterday, at 20,913. The Nikkeu and Kospi both gained 0.6 percent. The CSI 300 fell 0.5 percent, and the ASK 200 is also down 0.3 percent. The dollar index isn't falling any more, at 99.05. The euro posted 1.0920. The sterling is at 1.2897, and the yen fell to 112.06.