Daily Gold Update

Source:Matt Warden, American Gold Exchange

AustinAfter tumbling more than 1% yesterday, the gold price stabilized today at $1184.00, losing $1.00 for the day and setting a new 2018 low while silver, platinum, and palladium rebounded sharply higher.

Gold ended the day near break-even and the US Dollar index traded sideways while digesting big moves earlier in the week resulting from the aftermath of increased tariff worries and fears of contagion from the brewing financial crisis in Turkey.

The other precious metals traded higher today with silver rising 1.5% to $14.71 per ounce, platinum increasing by 1.7% to $784.50 per ounce, and palladium soaring a whopping 5% recovering most of yesterday's loss to close at $874.80 per ounce.