February 13, 2019

Gold is down $5.10 today after Consumer Price Index data released this morning, showed prices were unchanged in January, decreasing any inflationary concerns that may have been brewing.  Gold initially responded well to the news as unchanged CPI data strengthened the case for zero rate hikes in 2019, but ultimately, was out-performed by the US dollar and equities today.

February 11, 2019

Gold is down $6.20 today to its lowest level in a week after the US dollar surged to a 7-week high.  Another potential government shutdown, which is looking more than likely as neither side on Capital Hill seems willing to compromise, does not seem to be having much effect on the dollar, as it did in January.  Stocks remain relatively flat today as investors await the outcome of this shutdown as well as US-China trade data. 

 

February 08, 2019

Gold is up $3.80, currently trading at $1,314.00, as trade tensions with China rose yesterday.  Presidents Trump and Xi said a meeting with each other was unlikely prior to the March tariff deadline.  US stocks are down on the news, with the Dow finishing down nearly 300 points yesterday and currently down 260 points today.

February 6, 2019

Gold is down $2.40, currently trading at $1,312.80, as the US dollar rose this morning to its highest level in 2-weeks. Stocks began the day in the red after President Trump’s SOTU speech last night where he emphasized the current tension with China but have rebounded slightly heading into the afternoon. 

February 04, 2019

Gold retreated for the first time after 6 consecutive sessions of gains after stronger than expected economic data helped boost the dollar.  Gold settles down $5.80 to close at $1,316.30.

January 30, 2019

Gold is trading at $1,310.50, up slightly ahead to today’s FOMC meeting where Jerome Powell will provide insight into the Fed’s policy for the year after curtailing its hawkish stance in December.  Silver is up $0.12 this morning, closing in on the $16.00 benchmark which it hasn’t hit since July. Equities are also up across the board after the US Government reopened earlier this week.

January 28, 2019

Gold is up $3.30, currently trading at $1,302.30, after breaking the $1,300.00 barrier for the first time since this summer on Friday.  The rise comes ahead of the Fed’s FOMC meeting this week where interest rates are expected to remain the same, giving a boost to non-interest yielding assets such as precious metals.

January 25, 2019

Gold is up $18.40, currently trading at $1,299.00, skyrocketing to its highest level since June.  The rise comes as the on-going government shutdown and increasing trade tensions with China finally took their toll on the US dollar, which is down 0.70% today to its lowest level in nearly 2 weeks.  Stocks are up across the board as well, with the Dow, S&P 500, and Nasdaq all up around 1% this morning.

January 23, 2019

Gold and silver are currently up $1.00 and $.04 respectively, trading at $1,284.80 and $15.35.  The modest rise comes after the US dollar retreated 0.25% this morning after firming up the past few weeks to begin the new year.  Stocks remain relatively flat today, still processing the ongoing government shutdown and mixed earnings results.

January 18, 2019

Gold is down $11.40, currently trading at $1281, its lowest level in over two weeks as the US dollar soared to its highest level in a month amid positive sentiment regarding US-China trade relations. China announced it may increase US exports to decrease the current trade imbalance. Stocks are also up since this news was released.