The Week in Metals
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The Week in Metals
The Week in Metals: gold travels $226 and lands back where it started
Four sessions, a $226 range in gold, and almost nothing to show for it. That is the honest summary of the trading week that ended Friday, September 4. Gold was sold hard on Tuesday and Wednesday in a rate-hike scare, bought back just as hard on Thursday after one Fed governor changed the arithmetic, then […]
The Week in Metals
The Week in Metals: A Jackson Hole Friday Takes Gold Back Below Its 200-Day Average
For four days the market acted as though nothing much was at stake. Gold drifted up to a Tuesday close of $4,658.44, its best of the week, then eased through Wednesday and Thursday in the sort of narrow, unhurried trade that usually means everyone is waiting for the same thing. They were. Friday morning in […]
The Week in Metals
The Week in Metals: Gold Reclaims Its 200-Day Average as Federal Debt Tops $40 Trillion
Tuesday looked like the beginning of a bad week for gold. The ten-year Treasury note was paying 4.72 percent, within reach of a one-year high, and investors worried about the Strait of Hormuz were buying government paper rather than metal. Then the Treasury Department spoke on Wednesday, and the arithmetic turned over. By Friday’s close […]
The Week in Metals
The Week in Metals: Silver Tops $64 as the Fed’s Hike Case Comes Apart
Monday looked like more of the same. Gold slid to $4,026 an ounce in early New York trading, silver dipped under $57, and the story that had run all summer, oil-driven inflation keeping the Federal Reserve in a tightening mood, appeared fully intact. Then the Strait of Hormuz started to open, crude started to fall, […]
The Week in Metals
The Week in Metals: platinum leads while gold ends flat after a dip below $4,000
Gold spent Wednesday morning testing a number its holders have watched all summer, and for a few minutes it lost. The metal traded down to $3,999.35 ahead of the Federal Reserve’s statement, then spent the next two sessions climbing back out. By Friday evening the week’s ledger read almost blank for gold, off about a […]
The Week in Metals
The Week in Metals: silver gains almost 4 percent as oil tops $100 and gold holds the line at $4,000
The week began with warplanes and ended with tankers. Nine straight nights of American strikes on Iranian targets carried gold to a two-week high above $4,160 on Wednesday, and then a run of sticky inflation data and rising Treasury yields took most of it back. By Friday evening the scoreboard read strangely calm for such […]
Market Recap
Metals today: silver climbs toward $59 as oil tops $100
Update, 6:00 PM Eastern: the closing wrap A day that started with oil headlines ended in a quiet stalemate. Gold closed up about 0.1% near $4,053, after trading a range from roughly $4,023 to $4,082, and silver kept its gains, finishing about 1% higher near $58 after touching $58.96 at midday. The white metals went […]
The Week in Metals