April 25, 2018

Gold is down $10.80, trading at $1,319.70, as 10-year US treasury yields are maintaining slightly above the 3% mark.  Increasing yields continue to give the US dollar a boost, which is currently at its highest level since January. Stocks are feeling the pressure of rising yields as well, with major equity indices down across the board.

April 23, 2018

Gold is down today $13.70, currently trading at $1,322.10.  The drop comes as the US dollar is up 0.60% to its highest level in over two months, and US bond yields are also up significantly—with 10-year yields edging close to 3%, a level not seen since 2014.  Stocks remain relatively dormant today as most investors are eyeing increasing treasury yields and how they’ll likely influence equities in the coming weeks.

April 18, 2018

Gold and silver are trading at $1,353.20 and $17.14, an increase of 0.5% and 2.0% respectively.  Silver’s sharp jump puts the current silver to gold ratio at 78.95, its lowest level since February. Stock futures are also up this morning as Morgan Stanley becomes the latest financial powerhouse to post record profits thanks, in part, to the Trump administration’s tax cuts.

April 16, 2018

Gold is up $1.60, trading at $1,346.60 this morning, remaining relatively unchanged after the US and its allies launched targeted missile strikes against Syria this weekend. Stock futures are up today as most investors see these strikes against Syria as symbolic and don’t feel they will escalate into a serious confrontation between the US and Russia.

April 13, 2018

Gold is holding around the $1,340.00 range this morning after sharply falling yesterday to finish down $18.10.  Easing US-Russia tensions regarding Syria and JP Morgan posting record earnings are pushing stocks higher this morning while putting pressure on gold.

April 11, 2018

Gold is up this morning trading at 1,354.60 (+$12.20) as tensions rise between the US and Russia due to possible US strikes on Syria after President Assad again used chemical weapons against his own people. The gold spike and downtrend in equity futures comes after Russia vowed to shoot down any missiles aimed at Syria and President Trump tweeted that US-Russia relations are the worst they’ve ever been—including the cold war.

April 9, 2018

Gold remains steady in the $1,333 range this morning after getting a boost Friday amid tense US-China relations. President Trump scaled back his tone on the issue hinting that he believes the two countries could reach an amicable agreement which helped stocks open strongly this morning but is leaving precious metals in a state of limbo.

April 6, 2018

Gold is up $5.30, trading at $1,330 after dipping yesterday as stocks rallied with the Dow closing 700 points up from its session low.  Equity futures are down this morning across the board as President Trump threatened China with tariffs on an additional $100 billion in goods and China responded that they’d fight back at any cost.  March’s employment data was weaker than expected, with only 103,000 jobs being created, further adding to gold’s rise today.

April 4, 2018

Gold got a bump this morning and is trading at $1,346.40, up $13.30, as fears of a trade war escalated last night after President Trump announced tariffs on approximately $50 billion in Chinese imports.  China responded by announcing tariffs on over 100 US products ranging from soybeans to automobiles.  Equity markets are responding to the escalating situation with pre-market futures down significantly across three major indices. 

April 2, 2018

Trade war jitters reemerged as the Chinese responded to last week’s announcement by the US of new import tariffs on Chinese steel and aluminum products.  In response, the Chinese are set to impose new tariffs up to 25% on 128 industry products made by US manufacturers.  The US equity markets fell sharply averaging more than -2.3% decline today across the major indices as well as the dollar(US).  Gold and Silver gained $16.80 (+1.27%) and $.342 (2.10%) respectively from their previous settlements on the news.