Gold jumps 3.5% on uncertainty
Source:Bill Musgrave, American Gold Exchange AustinNew York spot gold rebounded strongly, jumping 3.5% to close above $3,336, as rate-cut hopes and economic uncertainty spurred safe-haven inflows following last Friday's correction. Silver surged 2.4% to finish at $51.12 an ounce. After reaching a new intraday record above $4,378 on Friday, gold pulled back under $4,242 by […]
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Gold scores 6.7% weekly win
Source:Bill Musgrave, American Gold Exchange AustinNew York spot gold eased 1% to close under $4,242 on profit-taking after President Trump walked back his tariff threats against China, lifting equities, yields, and the dollar. Bullion still notched a weekly gain of 6.7%. Silver dropped 2.4% today but rose 5.8% this week to finish at $51.75. After […]
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Gold leaps above $4,280
Source:Bill Musgrave, American Gold Exchange AustinNew York spot gold leapt another 2.5% to close above $4,280, a new all-time high, as trade-war worries and soft US data stoked safe-haven demand, while a falling dollar boosted alternative assets. Silver surged 3.8% to finish at $53.02 an ounce. Uncertainty surrounding global trade ratcheted higher today after US […]
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Gold rallies on haven demand
Source:Bill Musgrave, American Gold Exchange AustinNew York spot gold gained nearly 1% to close at a fresh all-time high near $4,177 as the dollar sank further on rate-cut hopes while new trade war tensions stoked demand for safe havens. Silver jumped 1.5% to finish at $51.07 an ounce. Speaking publicly for the last time before […]
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Gold closes at new record
Source:Bill Musgrave, American Gold Exchange AustinNew York spot gold gained 0.7% to close at a new record high near $4,139 as renewed trade war worries drove safe-haven demand and the dollar fell on expectations of rate cuts from the Fed. Silver added 0.4% to finish at $50.31 an ounce. President Trump has threatened China with […]
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Precious metals resume relentless rally
Source:Dana Samuelson, American Gold Exchange AustinAfter taking a brief of pause to consolidate last Thursday and Friday, precious metals rallied with a vengeance in overnight Asian and London trading that continued in the New York session today. Gold gained 3.15%, silver added 3%, platinum surged almost 4%, while palladium rose 2.5%. On Friday President Trump […]
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Gold Closes the week at over $4,000, silver over $50
Source:Dana Samuelson, American Gold Exchange AustinPrecious metals prices steadied following yesterday’s wide market swings, driven by the dislocation of the silver market in London OTC trading. Gold, silver, and palladium regained ground from yesterday’s profit taking sell-off while platinum eased a bit further today. Gold and silver extended their gains in the electronic session with […]
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Silver breaks $50 before profit taking correction
Source:Dana Samuelson, American Gold Exchange AustinAfter trading between $48.70 and $49.50 overnight, the silver spot price broke sharply higher in early New York trading to as high as $51.22, before a profit taking correction ensued engulfing all four precious metals. After ripping higher in seven of the last ten trading sessions, gold, silver, platinum and […]
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Gold pierces $4,000, silver tests all-time highs
Source:Dana Samuelson, American Gold Exchange AustinAfter pausing briefly yesterday, the relentless precious metals rally resumed with gusto today. All four precious metals moved sharply higher, gaining again first in overnight trading, with upward momentum carrying into and through the New York session. Since yesterday�s NY close gold gained another 1.5%, firmly piercing the $4,000 mark. […]
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Gold and palladium gain, silver falls
Source:Dana Samuelson, American Gold Exchange AustinFollowing yesterday�s $67 move higher to just under $3,950, gold added another $28 today, putting gold spot within striking distance of the psychological $4,000 per ounce mark. Palladium added another $20 following yesterday�s $54 move higher, to bring palladium up to just under $1,350. Contrarily, silver shed 90 cents on […]
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