September 15, 2021

Metals declined Wednesday after gaining yesterday on CPI data that showed prices didn’t increase to the extent experts predicted in August, sending Treasury yields down and gold and silver up. Currently, gold is down $13.00, trading at $1,792.30. Equites are up across the board, trying to regain some of yesterday’s losses brought on by the CPI and regulatory and growth concerns centered around China.

September 13, 2021

Gold remains relatively flat to begin the week, currently up $3.00 trading at $1,793.50 while stocks are mixed heading into the final half hour of trading. The Dow is up over 200 points, the S&P 500 is nearly flat, and the Nasdaq is down 0.16%. CPI data tomorrow and retails sales later in the week should provide investors with some gauge of which way prices are trending, potentially rattling markets giving their heightened reactions to anything inflationary in recent months.

September 10, 2021

Gold and silver continued their see-saw trading today, dropping after rising yesterday. For the week, metals are firmly in the red, with gold and silver down 1.8% and 3.6%, respectively. Stocks are down across the board, looking unlikely to snap a four-day losing streak, as COVID concerns and now rising tension between the US and China after President Biden and Xi’s call weigh on investors.

September 8, 2021

Gold and silver are firmly in the red mid-week, trading at $1,793 and $24.05, down nearly 2% and 3% respectively from Friday’s closes. After stocks initially rose on Friday, August’s abysmal jobs report is weighing on equities as the three major indices are down across the board and the S&P 500 and Dow are poised to post back-to-back losses in this shortened trading week.

September 03, 2021

Gold and silver surged today after July’s employment data came in well below estimates as only 235,000 jobs were added for the month (vs. 720,000 expected). Gold is up $22.00 trading at its highest level since June,  and silver is up nearly 4% for the day, trading at $24.78.  Stocks plunged on the report but have since recovered most of their losses with the Nasdaq and S&P turning positive for the day.  Bad news is good news for stocks if it will pushback Fed tapering, which a job report like today’s could do.

September 01, 2021

Gold is near its month-high while silver is trading at its highest level since it plunged on August 6.  Metals begin September strongly.  Gold is hovering around $1,815.00 while silver is up 1% for the day, trading at $24.22.   After a brief respite yesterday, stocks are up across the board, trying to carry August’s momentum in September, which traditionally is the worst month for stocks.

August 30, 2021

Gold and silver pulled back from last week’s highs but are still trading well above their August lows.  Gold is currently trading at $1,811.00,  while silver is hovering just under $24.00, down about 0.5% today.  For the month, gold is trading almost exactly where it began while silver is down nearly 6%, even after last week’s surge.  Stocks continue to extend gains as the S&P 500 and the Nasdaq are on pace for another record close after Jerome Powell’s comments on the nature of upcoming Fed tapering,  seemed to have appeased markets for now.

August 27, 2021

Metals and equities surged in tandem today as Fed Chair Jerome Powell clarified the Fed’s tapering timeline and emphasized its focus on asset repurchases only, and that raising interest rates is not part of the current plan.  Gold and silver are poised to close the week up over 2% and 4% respectively.  Stocks are also firmly in the green with the Dow up 260 points and the Nasdaq and S&P 500 both trading near today’s highs on pace to post record closes.

August 25, 2021

Gold and silver dipped today as the US dollar gained back some of its recent losses but both metals are still up significantly for the week. Gold is currently trading at $1,791, up about 0.6% for the week and silver is up nearly 4% since last Friday. Stocks gained Wednesday as the S&P 500 and Nasdaq reached record highs and the Dow rose 39 points. All eyes are on this week’s Jackson Hole symposium which will kick off tomorrow and could provide better insight into the Fed’s tapering timeline.

August 18, 2021

Gold and silver fell today in early trading as retail earnings this week continued to beat estimates, a good sign for economic recovery.  FOMC minutes released today show the Fed is preparing to taper its asset repurchases as early as Q4 2021 which was sooner than markets expected, causing equities to drop and gold to rise.  Currently, gold is trading just under $1,790.00, close to its best price of the week while stocks had their worst day in nearly a month with the Dow dropping 382 points, and the S&P 500 and Nasdaq falling 1.07% and 0.84% respectively.

August 16, 2021

Gold rose to its highest level since plunging on August 6 on renewed geo-political uncertainty after the Taliban took Kabul this weekend, effectively giving them control of the entire country. Equities fell on the news but have recovered from their lows with the Dow turning slightly positive, up 5 points. The S&P 500 is virtually flat, down a point, while the Nasdaq is 0.45% in the red.

August 13, 2021

Gold and silver surged today after falling yesterday in what has been one of the most volatile weeks for metals in several months.  Today’s rise comes as the US dollar dropped below 92.5, turning negative for the month and bond yields plunged with the 10-year dipping below 1.3%.  For the week, gold is up about 1% since Friday’s close,  while silver is still 2.5% in the red.  Stocks finished slightly in the green across the board, securing record closes for the Dow and S&P 500.

August 9, 2021

Gold’s selloff intensified Monday as oil plunged, and equities pulled back after Friday’s record close. Gold dipped to a year-low in early trading before stabilizing around $1,730, still it’s lowest price since March. Silver is trading at its lowest level since November, however, demand for physical gold and silver picked up today on this dip, suggesting a bottoming near current prices, at least for the short term. Stocks closed mixed with the Dow and S&P 500 in the red and the Nasdaq up 0.16%.

August 4, 2021

Gold and silver are trading at $1,810.80 and $25.47, retreating to yesterday’s levels after spiking earlier on weak ADP employment data.  Only 330,000 jobs were added last month making July the worst month for job growth since February.  The Dow is down 260 points on the news and the S&P 500 dipped 0.2%.  The Nasdaq continues to outperform this week on strong earnings and is currently up 0.3%. 

August 2, 2021

Gold traded sideways most of today, fluctuating around $1,814, while silver dipped slightly and is currently trading at $25.45.  After starting strong in early trading, stocks reversed course to finish in the red. The Dow, which hit a new intraday record, closed nearly 100 points down for the day while the S&P 500 shed 0.18%. The Nasdaq was the only index to eke out a win, gaining 0.06% to begin the week.

July 30, 2021

After reaching multi-week highs yesterday, gold and silver dipped Friday as the US dollar gained 0.3% on current Fed guidance. Even with today’s drop, gold is looking to close the week up about 0.5% while silver is up about 1%. For July, gold gained 2.4% while silver fell 2.4%. Stocks closed down on Friday as weaker than expected earnings surprised investors but ended the month firmly in the green. The S&P 500 gained 2.3% in July while the Nasdaq and Dow each rose 1.3% and 1.2% respectively. 

July 28, 2021

Gold is up slightly today, hovering right above the $1,800.00 after today’s Fed meeting and subsequent news conference by Fed Chair Jerome Powell. Metal prices see-sawed during Powell’s statements, reacting to every statement regarding rate hikes and inflation as investors pick apart every intention or tone in Jerome Powell’s comments.  Stocks remain mixed heading into the final half hour of trading with the Dow down 80 points and the S&P 500 up 0.16%.  The Nasdaq is the best performer today, up 0.85%, as positive tech earnings continue to roll in.

July 26, 2021

Stocks shook off early declines to close at record highs as investors look ahead to a big week of earnings. The Dow and S&P 500 each gained 0.24% today while the Nasdaq gained a paltry .03% to continue its winning streak with the other indices.  New home sales dropped to their lowest level of the pandemic as ongoing supply issues continue to drive prices up, making new construction unobtainable for many.  Gold is down slightly to begin the week, currently hovering just under $1,800.

July 23, 2021

Metals are on pace to close in the red with gold and silver down 0.6% and 1.8% respectively for the week.  Stocks, which plunged on Monday in tandem with metals amid resurging COVID concerns,  have since recovered and are on pace to close the week near record highs,  after a rising 4 consecutive days since Tuesday.  The Dow is up 230 points while the S&P 500 and Nasdaq are each up 1% midday.

July 21, 2021

Gold dipped today, currently trading at $1,804.00, after ticking below $1,800.00 earlier in the session.  The drop comes as the 10-year yield jumped today, hovering just below 1.3%.  Silver, however, is up 1.4% for the day, currently trading at $25.32.  Stocks are up across the board with the three major indices,  each gaining over 0.7% as earnings continue to beat estimates this week.

July 12, 2021

Gold is trading at $1,828.00, its highest level in nearly a month, after today’s CPI data showed that the cost of living rose in June at its highest rate since 2008, and prices rose 0.9%, nearly double estimates.  Stocks began the day firmly in the green but stalled after CPI data was released to finish the day mixed.  The Dow and S&P 500 gained just over 0.1% each and the Nasdaq dropped 0.2%. 

July 19, 2021

Metals, equities, and bond yields are all falling in unison due to reemerging COVID concerns as the Delta variant continues to spread at an increasing pace.  Gold is only down about 0.3%, likely getting a boost from the 10-yield, which dipped below 1.2% for the first time in 5 months. Silver, however, is down over 2.5% today, currently trading at $25.10, its lowest level since April. The Dow is down nearly 900 points, on pace for its worst day of 2021 while the S&P 500 and Nasdaq are down 1.95% and 1.35%, respectively.


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