Gold steadies, still heads for monthly drop

Gold steadies, still heads for monthly drop

Gold steadies but still heads for first monthly drop in three early Wednesday as the U.S. House of Representatives appeared poised to pass a bill to raise the U.S. debt ceiling, expectations mounted for another Federal Reserve interest rate hike in June and the dollar looks poised to set its best month since September 2022. Continue reading →

Gold ticks up as Dollar Slips

Gold ticks up as Dollar Slips

Gold ticks up as the dollar slips early Friday, but the bullion is still headed for the biggest weekly drop since February as optimism that lawmakers would reach an agreement to raise the U.S. debt ceiling reduced haven demand for the precious metal. Continue reading →

Gold back above $2000 on banking news

Gold back above $2000 on banking news

Gold back above $2000 an ounce on banking news as investors now look toward this Wednesday’s monetary policy decision from the Federal Reserve for further direction. Gold had slipped at the beginning of the trading day on a stronger dollar before climbing back. Continue reading →

Gold dips on inflation report

Gold dips on inflation report

Gold dips on this morning’s inflation report as rate hike next week seems more likely. However, the bullion is headed for a weekly and monthly gain, as a weaker dollar and economic concerns spurred haven investors. Continue reading →

Gold steady ahead of key data

Gold steady ahead of key data

Gold steady above $2000 ahead of key data early Wednesday amid recessionary fears as investors awaited a key inflation report on Friday, the last before the Federal Reserve’s next monetary policy decision. The yellow boosting slightly on ebbing dollar this morning. Continue reading →

Gold lower on U.S. jobs report

Gold lower on U.S. jobs report

Gold lower on U.S. jobs report early Monday as the dollar strengthened following the release of a strong U.S. monthly jobs report on Friday. The bullion also slipped on expected profit-taking following last week’s 12-month high, however it is sticking close to the $2,000 mark. Continue reading →

Gold Bounces Back

Gold Bounces Back

Gold bounces back after bowing to a stronger dollar at the beginning of the trading day. The currency was unable to maintain its initial jump that driven by bets that OPEC’s surprise output cuts could bump global energy prices and force a hike in interest rates. Gold reclaimed its ground near the $2,000 mark – following its best month since July 2020. Continue reading →

Gold Hits 12-Month High Early Monday

Gold Hits 12-Month High Early Monday

Gold hits 12-month high early Monday, topping $2,000 an ounce before profit taking and a stronger stock market took a bit of wind out of its sails, slipping over $20 an ounce. The activity is being driven by the global banking crisis while investors eye the Federal Reserve’s monetary policy decision Wednesday. Continue reading →

Gold Leaps Over $1900

Gold Leaps Over $1900

Gold leaps over $1900 this morning, rising to its highest level in more than five weeks early Monday as the sinking dollar and nervousness in the markets over the largest bank collapse since 2008 made the yellow metal more attractive as a hedge against uncertainty. Continue reading →

Gold Near One-week low

Gold Near One-Week Low

Gold near one-week low early Wednesday, extending Tuesday’s losses, after Federal Reserve Chairman Jerome Powell told Congress that interest rates are “likely to be higher” than previously anticipated. The rate hike concerns were reinforced by this morning’s employment data. Continue reading →

Gold Gains Ground on Weaker Dollar 

Gold Gains Ground on Weaker Dollar 

Gold gains ground on weaker dollar. The currency slumped on surprising data out of China that sparked optimism for a Chinese economic recovery. The bullion’s boost from the dollar was balanced by speculation about prolonged higher interest rate increases. Continue reading →

Gold Inches Up From two-month low

Gold Inches Up From two-month low

Gold inches up from the two-month low it hit early Monday. That low was sparked by a key inflation report released Friday heightened anticipation of additional interest rate increases for some time. The yellow metal’s moves follow this morning’s durable goods data. Continue reading →

Gold drops on Fed sentiment

Gold drops on Fed sentiment

Gold drops early Friday headed for a third consecutive weekly drop on Fed sentiment, while the dollar boosted to a six-week high amid increasing speculation that aggressive Federal Reserve interest rate hikes will continue in the face of rising inflation. Continue reading →

Gold rebounds, but stays below $1,900

Gold rebounds, but stays below $1,900

Gold rebounds on bargain hunting, but stays below $1,900. The bullion bounced back early Monday from Friday’s selloff while remaining below the psychological threshold because of a strong dollar and concerns that the Federal Reserve may keep raising interest rates after last week’s strong U.S. jobs report. Continue reading →

Gold Drops On U.S. jobs report

Gold Drops On U.S. jobs report

Gold drops on this morning’s U.S. jobs report. The new year has started off with an unexpectedly strong employment picture, leading the markets to once again fear a more aggressive interest rate schedule from the Fed. The yellow metal slumped over $30 an ounce on the news, dropping below $1900. Continue reading →

Weather delays for February 1

Weather Delays for February 1

The National Weather Service has issued an ice storm warning for areas in North and Central Texas. This is in effect until Thursday morning. As a result, Federal Express is not operating today in the Dallas / Ft. Worth area. The Dillon Gage and IDS facilities in Texas are open but are operating with reduced staff.

Shipments may begin moving on Thursday and Friday pending FedEx’s decision on how much they can handle when they return to service.

Please check order status on FizTrade and tracking on FedEx for package updates and allow additional days for packages to be delivered.