| |

Gold and silver looking good this week

ByVictoria

Gold prices firmed on Wednesday as weaker-than-expected jobs data fueled hopes of the U.S. Federal Reserve cutting rates sooner than anticipated, while investors also awaited the upcoming non-farm payrolls report for further cues on monetary policy

Spot gold was up 0.3% at $3,348.60 per ounce, as of 0151 p.m. EDT (1751 GMT). U.S. gold futures settled 0.3% higher at $3,359.7.

Spot silver rose 1.2% to $36.49 per ounce, platinum was up 4.6% at $1,413.40, while palladium gained nearly 5.2% to $1,157.09.

Source – Reuters

Similar Posts

  • /

    Robert Kiyosaki says silver will reach $70

    ByVictoria
    0 Comments

    Robert Kiyosaki urges investors to ditch “fake money” and start saving silver, gold, and Bitcoin — calling silver the top asset for the next two months and predicting it could hit $200.

    “Silver for the next two months is the best of the three, gold, silver, and Bitcoin,” he said. “Today silver is about $35 an ounce. I believe silver may soon be $70 an ounce this year and $200 in a year or two.”

    “The best news is, almost everyone in the world can afford at least 1 silver coin today….but not tomorrow,”

    Source – The Street

    Robert Kiyosaki – is an American Businessman and author most notably for his “Rich Dad Poor Dad” series of personal finance books.

  • /

    SPDR Gold Shares was rallying a sharp 1.6%

    ByVictoria
    0 Comments

    “Gold bars are bought as a hedge” against tariff-related downside risks to stocks as well as U.S. and global economic growth, commodity analysts at Citigroup said in a research note on Friday after the U.S. stock market’s close. “In precious metals, we see gold moving higher very near term” to $3,000 per ounce, they wrote.

    “Gold has soared to another record high today amid a further ratcheting up in trade tensions,”  said Joe Maher, assistant economist at Capital Economics, in a note Monday. “Concerns that gold may get caught in the trade-war crossfire may also have led U.S. investors to buy up gold in order to get ahead of any future tariffs that might affect U.S. gold imports.”

    Source – Market Watch

  • /

    Trumps last Presidency gold surges 53% – What’s next?

    ByVictoria
    0 Comments

    When Donald Trump took office in January 2017, few could predict the meteoric rise in gold prices that would follow. By the time he left office in January 2021, gold had surged by over 53%, reaching a price of $1,841 per troy ounce—up from $1,208 at the start of his term, according to data from the World Gold Council.

    Source – CNBC TV18

  • / / /

    Gold, Silver, and Platinum up

    ByVictoria
    0 Comments

    Gold prices rose on Monday, supported by a weaker U.S. dollar ahead of U.S.-China trade talks aimed at resolving tensions, while platinum extended gains for a sixth straight session to scale a four-year peak.

    Spot gold rose 0.4% to $3,323.71 an ounce, as of 0806 GMT, after dropping earlier in the session to $3,293.29, its lowest level since June 2.

    Spot platinum rose 3% to $1,210.80, its highest level since May 2021.

    Spot silver was up 1% to $36.3 per ounce, while palladium rose 2.3% to $1,070.97.

    Source – Reuters

  • / /

    Gold up .5%, Silver up .7%

    ByVictoria
    0 Comments

    Gold prices rose on Thursday, supported by a pullback in the dollar and the prospect of U.S. interest rate cuts later in the year, while investors awaited more details on U.S. President Donald Trump’s trade policy.

    Spot gold was up 0.5% to $3,328.23 per ounce by 0916 GMT. U.S. gold futures gained 0.5% to $3,336.90.

    “The passing of the One Big Beautiful Bill, unsettling trade (policies) and rate-cut expectations should be ‘dollar negative’ kind of events… gold should be favoured in that environment,” said WisdomTree commodities strategist Nitesh Shah

    Spot silver rose 0.7% to $36.59 per ounce, platinum gained 0.9% to $1,359.65, and palladium climbed 1.2% to $1,117.93.

    Source – Reuters