Precious metals markets are giving up ground this week as investors react to the latest musings from the Federal Reserve. On Wednesday, the Fed released the minutes from its latest policy meeting. Officials acknowledged some of the warning...
Precious metals markets continued rallying early this week. They gave back some of their gains on Thursday. As of this Friday recording, gold prices are up 1.0% for the week to trade at $1,803 an ounce. The silver market shows a weekly...
Rising geopolitical tensions helped push gold prices up this week. The monetary metal ran to $1,800 an ounce on Thursday. As of this Friday recording, gold is pulling back some and comes in at $1,781 now – up 0.4% for the week.
As the economy heads into what looks an awful lot like a recession, gold and silver markets are making a comeback. Gold is rallying 2.1% this week to bring spot prices to $1,772 an ounce.
After several brutal weeks of selling in precious metals markets, bulls are seeking a catalyst for a potential turning point. They may have gotten one via currency markets.
Another pair of alarming inflation reports jolted markets this week. On Wednesday, the Consumer Price Index came in at a 9.1% annual rate. The higher-than-expected reading puts the CPI at a new 41-year high.
Fears of further Fed tightening continue to weigh on metals markets. On Wednesday, the Federal Reserve released the minutes from its most recent policy meeting. As CNBC reported, central bankers remain fixated on inflation.
Well, what a week for the gold market! The monetary metal gained $30 on Thursday to close at $1,900 for the first time since last spring, and silver battled back to $24 per ounce.
For precious metals investors, 2021 will rank as a disappointing year – at least in terms of price performance. Gold and silver lagged behind the stock market as well as broad commodity indexes.
Even as Omicron casts a smidge of doom over markets and upcoming Christmas celebrations, precious metals investors are feeling at least some holiday cheer this week.