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Gold $2,622.77 $7.46 0.29% Silver $29.39 $0.04 0.14% Platinum $930.55 $10.32 1.12% Palladium $925.99 $15.14 1.66%
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Blog posts tagged with 'gold'

Zaner Daily Precious Metals Commentary
Wednesday, February 14, 2024

While the magnitude of yesterday's US CPI upside surprise was not significant, the markets were clearly undermined by another US data point which appears to push back US rate cut timing.

Today the markets will have a pause from US inflation news with several Fed speeches potentially providing some fireworks.

However, the US dollar is sitting right on the spike-up highs from yesterday early today leaving the currency influence on gold and silver bearish...[MORE]

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Gold hovers below key $2,000 mark as markets tone down rate-cut bets
Wednesday, February 14, 2024
Feb 14 (Reuters) - Gold prices extended declines on Wednesday, languishing below the key $2,000-per-ounce mark, pressured by a stronger-than-expected U.S. inflation report that caused investors to pull back on bets of rate cuts by the Federal Reserve.
 
Spot gold fell 0.1% to $1,991.10 per ounce as of 1130 GMT — its lowest since Dec. 13. Bullion fell about 1.4% on Tuesday, its biggest daily loss since Dec. 4...[LINK]
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Morning Call
Wednesday, February 14, 2024
Good morning. The precious metals are mixed in early U.S. trading.
 
Quote Board
 
U.S. calendar features MBA Mortgage Applications, EIA Data.
 
FedSpeak due from Goolsbee & Barr.
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Gold ekes out gains with focus on US inflation data
Tuesday, February 13, 2024
Feb 13 (Reuters) - Gold prices edged higher on Tuesday as caution set in ahead of a U.S. inflation report that could offer more clues on the timing of widely expected interest rate cuts from the Federal Reserve.
 
Spot gold was up 0.4% at $2,027.99 an ounce by 1145 GMT, having briefly slipped to a more than two-week low of $2,011.72 in the previous session...[LINK]
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Morning Call
Tuesday, February 13, 2024
Good morning. The precious metals are higher in early U.S. trading.
 
Quote Board
 
U.S. calendar features NFIB Small Business Optimism Index, CPI (+0.2% expected).
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Zaner Daily Precious Metals Commentary
Monday, February 12, 2024
While gold and silver finished Friday with moderate losses for the day and week, they are starting with silver rallying to a one-week high and gold under pressure.
 
Platinum and palladium have rebounded off their 2024 lows. However, further gains are being held in check by ongoing Asian and European auto catalyst demand concerns.
 
Although they started a 1-week Lunar New Year holiday on Friday, China's economic concerns are not going away anytime soon, and they continue to weigh on the near-term demand outlook for both precious metals...[MORE]
 
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Gold eases as U.S. CPI takes centre stage
Monday, February 12, 2024
Feb 12 (Reuters) - Gold edged lower on Monday due to an uptick in the dollar, although prices were stuck in a tight range as investors looked forward to U.S. inflation data and comments from Federal Reserve officials this week.
 
Spot gold was down 0.2% at $2,021.13 per ounce, oscillating in a $5 range, at 1219 GMT. U.S. gold futures also fell 0.2% to $2,035.60 per ounce...[LINK]
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Morning Call
Monday, February 12, 2024

Good morning. The precious metals are mostly higher in early U.S. trading.

Quote Board
U.S. calendar features Treasury Budget.

FedSpeak due from Bowman, Barkin, & Kashkari.

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Zaner Daily Precious Metals Commentary
Thursday, February 8, 2024

There has been notable divergence in precious metals with gold holding within its 2024 consolidation zone while silver is still within striking distance of a new 4-month low.

The gold/silver ratio was just above 92 at yesterday's close and approaching the 17-month high reached in mid-January.

The dollar remains well below Monday's 2 1/2-month high which has underpinned metals prices early today.

Fed speakers gave mixed comments on upcoming Fed policy yesterday, and the market's disappointment that there was not an overall dovish tone has weighed on gold and silver prices...[MORE]

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Gold subdued as traders seek more Fed cues; palladium extends slide
Thursday, February 8, 2024
Feb 8 (Reuters) - Gold prices eased on Thursday as dollar ticked higher, with investors awaiting more cues on the timing of the U.S. Federal Reserve's first interest rate cut this year, while palladium prices dropped to a fresh five-year low as demand concerns persist.
 
Spot gold fell 0.4% to $2,026.39 per ounce, as of 1230 GMT. U.S. gold futures lost 0.5% to $2,041.10 per ounce...[LINK]
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