Daily Gold Update

Source:Jason McLerran, American Gold Exchange

Austin— Precious metals were quiet Monday on the last trade day of July. Overall for the month, gold saw roughly a 2.5% gain. The only significant financial data released today was pending home sales index which rose 1.5% in June after a three-month losing streak. Economist had forecast a 0.9% increase. This helped to push the DOW Industrials to a new record.

The dollar continued to weaken against most major rival currencies. The trade-weighted index fell to a 15-month low. This wrapped up the worst monthly performance drop since early 2016. This is the fifth-consecutive monthly drop and biggest since March 2016.

At the Comex close: August gold slipped $1.80 to $1,266.60; September silver gained 9 cents, to $16.70; October platinum rose $4.10 to $940.70; and September palladium gained $5.25 to $885.40 an ounce.