Three key elements continue to put pressure on gold. First and foremost is the fact that U.S. equities continue to rally and go to new all-time record highs. Second is an optimistic overtone that a U.S. China trade deal may be forthcoming. Lastly the U.S. dollar continues to gain strength. As of 3:45 PM EST gold futures are priced at $1453.80, after factoring today’s $6.50 decline (-0.45%). Silver futures are down over 8/10 of a percent, and with a decline of $0.14 is at $16.905 per ounce. We can clearly see the influence of U.S/ dollar strength today when we look at spot gold pricing. Currently... Read more
Three key elements continue to put pressure on gold. First and foremost is the fact that U.S. equities continue to rally and go to new all-time record highs. Second is an optimistic overtone that a U.S. China trade deal may be forthcoming. Lastly the U.S. dollar continues to gain strength. As of 3:45 PM EST gold futures are priced at $1453.80, after factoring today’s $6.50 decline (-0.45%). Silver futures are down over 8/10 of a percent, and with a decline of $0.14 is at $16.905 per ounce. We can clearly see the influence of U.S/ dollar strength today when we look at spot gold pricing. Currently... Read more
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