Gold Steady on Inflation Data

Gold Steady on Inflation Data

Gold steady on inflation data this morning as the markets await today’s policy statement from the Federal Reserve and amid speculation on whether the Trump administration will impose a new round of tariffs on China as scheduled on Sunday. Continue reading →

Gold Modestly Up

Gold Modestly Up

Gold modestly up this morning on less than positive economic news out of China. The yellow metal regained some of the ground it lost after slipping Friday on a better-than-expected U.S. jobs report.

The positive job number reduces the urgency for a trade accord with China and helps justify a Federal Reserve decision — widely expected Wednesday — to keep interest rates unchanged. Continue reading →

Gold Slips On Jobs Report

Gold Slips On Jobs Report

Gold slips on jobs report this morning, taking a bit of shine off a positive week. Lingering uncertainty over the potential U.S.-China trade deal kept the yellow more attractive as a hedge over the past few days.

This morning’s non-farm payroll numbers surged, up 266,000. The expected increase was 180,000. This is the biggest jump since January. The end of the GM strike boosted employment in motor vehicles and parts by 41,300, part of an overall 54,000 gain in manufacturing. Continue reading →

Gold and Silver American Eagle Sales

American Eagle Sales as of 12/5/2019

The following chart includes the year to date totals for 2019 Gold and Silver American Eagle Sales from the U.S. Mint as of 5pm on December 5th. The chart also shows the difference in sales from our last report on November 22nd.

Dillon Gage is authorized t0 purchase gold, silver, platinum, and palladium bullion directly from the U.S. Mint, as well as all the world’s major mints.
Continue reading →

Gold near one-month high

Gold Near One-Month High

Gold near a one-month high as the yellow metal fluctuates through the early morning hours driven by disappointing job numbers and new hopeful trade comments from President Trump.

Gold rose significantly on Tuesday after U.S. President Donald Trump said that it might be better to wait until after the 2020 presidential election in November to sign a trade deal with China. Continue reading →

Gold rises on weak ISM data

Gold Rises On Weak ISM

Gold rises on weak ISM data this morning. After drifting a bit lower early this morning on an equities rally, the yellow metal got a shot in the arm and the Dow took a hit when the ISM Manufacturing PMI dipped to 48.1 for November. That’s below an estimate of 49.4 and under October’s 48.3. Continue reading →

FizTrade Mobile App Upgrades

FizTrade Mobile App Upgrades

The FizTrade mobile app puts the power of Dillon Gage’s award-winning Physical Precious Metals Trading platform in the hands of iPhone users with 24-hour trading, up-to-the-minute order status updates, real-time bid/ask pricing and management of the fulfillment process.

Fiztrade Mobile is the fastest and most efficient way for Dillon Gage customers to place trades, track orders, and receive shipment notifications in real time; no matter where they are in the world.


Additional features have been added to FizTrade Mobile app’s robust platform to include:

  • Pop-up notifications when orders are processed, shipped and when purchase orders are received
  • iPad-compatible navigation
  • Seamless checkout

Coming soon:

  • Pop-up notifications when orders have been released to the fulfilment warehouse
  • Purchase Order notifications when buyback products have been received
  • Ability to customize notifications and opt in or out of specific alerts

Gold Holding Above $1,450

Gold Holding Above $1,450

Gold holding above $1,450 despite stumbling on strong economic data released this morning. Three new pre-holiday reports show positive signs including a drop of 15,000 in U.S. weekly jobless claims, better-than-expected growth in the U.S. third quarter GDP (up an annual rate of 2.1% versus the forecast 1.9%), and the U.S. Commerce Department report showed an increase of .6% in U.S. durable-goods orders for October, that’s up from September’s revised 1.4% drop. Continue reading →

Thanksgiving Holiday Hours

The Dillon Gage family wishes you and yours a very Happy Thanksgiving!

Dillon Gage will have the following reduced hours over the holiday weekend.

FizTrade:
• Thu. Nov. 28th: Open all day, EXCEPT closed from Noon to 5 pm CST
• Fri. Nov. 29th: Closes at 12:45 pm CST
• Sun. Dec. 1st: Opens at 5 pm CST
Continue reading →

Gold Slipped Earlier Monday

Gold Slipped Earlier Monday

Gold slipped earlier Monday to a one-week low amid signs that the U.S. and China were edging closer to a trade deal.

Equities and the dollar rallied, making gold less attractive as an alternative investment. Gold prices skyrocketed earlier this year as a hedge against uncertainty as the U.S.-China trade standoff worsened. Continue reading →

Gold Firmed Early Friday

Gold Firmed Early Friday

Gold firmed up early Friday amid doubts over whether the U.S. and China will manage to sign a trade deal this year.

Reuters reporting that Chinese President Xi Jinping said his country wants to work out an initial trade pact with the United States, but is not afraid to retaliate if necessary. Continue reading →

Gold Rose On Trade-Deal Fears

Gold Rose On Trade-Deal Fears

Gold rose on trade-deal fears early Wednesday and have now leveled off in anticipation of the FOMC minutes which will be released this afternoon.

U.S. President Donald Trump renewed a threat of tariffs on Chinese imports on Tuesday. “If we don’t make a deal with China, I’ll just raise the tariffs even higher,” Trump said during yesterday’s Cabinet meeting, according to Reuters. Continue reading →

Gold Slips On U.S. Retail Data

Gold Slips On U.S. Retail Data

Gold slips on U.S. Retail Data released this morning for October that showed a rebound.

While October shopping was up, consumers cut back on big ticket items. Commerce Department reports retail sales increased 0.3%, primarily on motor vehicle purchases and higher gas prices. This reversed September’s 0.3% drop and topped a forecast rise of 0.2%.

Gold dipped yesterday after White House Economic Adviser Larry Kudlow said trade talks between the U.S. and China for phase one of a trade agreement were near the final stages. “We are coming down to the short strokes,” he told reporters late Thursday, according to Bloomberg. Continue reading →

Gold Shrugs Off Inflation Data

Gold Shrugs Off Inflation Data

Gold shrugs off inflation data this morning as the U.S. Consumer Price Index shows a 0.4% rise for October according to the U.S. Labor Department. Consensus forecasts were calling for a rise of 0.3% following September’s flat number. The October number marks the highest monthly increase since March. Continue reading →

Gold Enjoyed A Bump Up

Gold Enjoyed A Bump Up

Gold enjoyed a a bump up this morning on continued trade uncertainty over the U.S.-China trade accord and disappointing Chinese producer price data over the weekend.

The yellow metal settle at $1,462.90 an ounce Friday on Comex. It rose to $1,467.90 earlier this morning, but is back to $1,461.30. Continue reading →

Gold and Silver American Eagle Sales

American Eagle Sales as of 11/7/2019

The following chart includes the year to date totals for 2019 Gold and Silver American Eagle Sales from the U.S. Mint as of 5pm on November 7th. The chart also shows the difference in sales from our last report on November 1st.

Dillon Gage is authorized t0 purchase gold, silver, platinum, and palladium bullion directly from the U.S. Mint, as well as all the world’s major mints.
Continue reading →

Gold Rebounded This Morning

Gold Rebounded This Morning

Gold rebounded this morning, regaining part of a nearly 2% decline in the previous session, as sentiment about a U.S.-China trade pact wobbled.

U.S. and Chinese officials are actively considering rolling back some tariffs to reach the partial trade deal that they’re currently negotiating, Continue reading →

Gold Steady Near Five-Week High

Gold Steady Near Five-Week High

Gold is steady near a five-week high this morning on a weaker dollar and signs of a possible U.S.-China trade accord. It’s basically shrugging off overnight world stock market rallies which are giving the U.S. Stocks a big boost, heading for new all-time highs at the opening bell. Continue reading →

Jobs Report Dulls Gold

Jobs Report Dulls Gold

Jobs report dulls gold as the data released this morning shows U.S. jobs growth slowed less than expected in October and China’s factory activity expanded at its fastest pace in more than two years.

The non-farm payrolls data released by the Labor Department showed jobs growth in October came in at 128,000. Economists polled by Reuters had predicted just 89,000 jobs. However, growth still slowed from September.
Continue reading →

Gold Dinged By Hopeful U.S. GDP

Gold Dinged By Hopeful U.S. GDP

Gold dinged by hopeful U.S. GDP data released this morning, in addition to a jump in private payroll numbers, as investors await a monetary policy decision from the U.S. Federal Reserve this afternoon.

This morning’s report shows that 3rd quarter U.S. economic Continue reading →

Gold Slips on Record Stocks

Gold Slips on Record Stocks

Gold slips on record stocks this morning. Any other major shifts in gold likely await the monetary policy decision this week from the Federal Reserve and further signs the U.S.-China trade dispute may be resolved in the coming weeks.

The S&P 500 hit a record high this morning. CNBC reporting a break above the all-time high set over the summer. The S&P rose 0.6% to trade above 3,027.98, the record set on July 26, prompted by investors’ positive view of the U.S. China trade talks. Continue reading →

Market Gage Gold Market Insights

Gold Rises To Two-Week High

Gold rises to two-week high earlier this morning after settling above the key $1,500-an-ounce threshold for the first time since Oct. 10. After gaining 1.1% this week, gold looks headed to its best week in five.

Investors fled to safety in the yellow metal amid weak economic data from the U.S. that also made it more likely that the Federal Reserve will boost interest rates for a third consecutive time next week. Meanwhile, the BBC reported that European Union ambassadors will meet to discuss how long a Brexit extension to offer the U.K. and Parliament considers Prime Minister Boris Johnson’s call for an early election in December. Continue reading →

Gold Rises On Flight To Safety

Gold Rises On Flight To Safety

Gold rises on flight to safety. Gold and silver rose this morning as investors fled to safe-haven assets after the U.K. Parliament blocked Prime Minister Boris Johnson’s timetable to exit the European Union by the end of this month.

An election in the U.K. looked more likely after the House of Commons — within minutes — voted to back the government’s new withdrawal bill and then rejected the timetable. European Council President Donald Tusk said after the vote that he would recommend that EU leaders agree to an extension. Johnson will seek an election if a delay is granted, the BBC reported, citing an unidentified person in Johnson’s office. Continue reading →

Down Dollar Boosts Gold

Down Dollar Boosts Gold

Overnight, the U.S. dollar index dropped to a nine-week low giving gold and its precious metals family a boost.

Investors are still looking for signals on Brexit, the U.S.-China trade talks and whether the Federal Reserve will cut interests rates for a third time at the end of the month. Continue reading →

Gold Hopes For Weekly Advance

Gold Hopes For Weekly Advance

Gold hopes for weekly advance. After climbing over $1,500 yesterday on mixed economic data from the U.S. in the morning and decidedly bleak Chinese economic data, the yellow metal dipped again closer to $1,490 this morning as the U.S. stock market regained some ground.

Continue reading →

Low Retail Numbers Boosting Gold

Low Retail Numbers Boosting Gold

Low retail numbers boosting gold this morning. U.S. retail sales fell in September for the first time in seven months. Sales dropped 0.3% as households slashed spending on building materials, online purchases and especially automobiles according to the latest data from the U.S. Commerce Department. A 0.2% rise had been forecast. These unexpected numbers are raising concerns that the slowdown in the American manufacturing sector could be bleeding into the consumer side of the economy.
Continue reading →

Gold Rebounds on Renewed Trade Doubts

Gold Rebounds on Renewed Trade Doubts

Gold rebounds on renewed trade doubts after taking a hit on Friday’s optimistic headlines of a trade deal between U.S. and China. After surging on Friday, stock markets are heading down as investors grow pessimistic on the “handshake” deal.

On Friday, gold fell after it was reported that China had agreed to more than double its annual purchases of U.S. agricultural products to as much as $50 billion, while U.S. President Donald Trump agreed to hold off on another round of tariff increases set for this week.
Continue reading →

Gold Eases on Renewed Trade Hopes

Gold Eases on Renewed Trade Hopes

Gold eases on renewed trade hopes as the standoff between the U.S. and China NOW appears to be on a positive track. Precious metals are now awaiting reaction to the next potential market mover, the release of this afternoon’s FOMC minutes.

Late yesterday, gold got a headwind when tariff talks had seemed to worsen in the leadup to talks between the two nations Thursday and Friday in Washington. But now, Bloomberg is reporting that China is still open to agreeing to a partial trade deal, citing an official with direct knowledge of the talks. The headline boosted U.S and Eurozone stock markets and took a bit of shine off the yellow metal. Continue reading →

Gold Steady Ahead of Trade talks

Gold Steady Ahead of Trade Talks

Gold steady ahead of trade talks, remaining little changed early Monday as investors looked for signs about the direction of the negotiations between the U.S. and China, which are scheduled to resume this week in Washington.

Investors have turned to bullion as a hedge against uncertainty when the talks appear to be stalling. The next round of discussions is scheduled for Oct. 10 and Oct. 11. Continue reading →

What’s Shining in Platinum? Pt 2.

What’s Shining in Platinum? Pt 2

Part 2: Pricing and Supply

In the first installment of our three-part platinum series, we outlined how significant changes are being made in the platinum market as the metal moves away from outdated sources of demand, finds new avenues of demand in technology, and once again begins to appeal to investors. Today we’ll look at how the factors affecting supply and price are showing further signs that 2019 may finally start to bring a reversal of fortune for platinum. Continue reading →

Gold Eyeing $1,500 Again

Gold Eyeing $1,500 Again

Gold eyeing $1,500 again this morning on safe haven investing. The yellow metal had rebounded Tuesday when weak U.S. manufacturing data for September spurred fears of a global economic slowdown. Gold received a further boost from this morning’s ADP U.S. new jobs report which fell shy of expectations furthering economic growth concerns.

Private sector employment increased by 135,000 jobs in September, but the August number was 157,000. According to ADP: “The average monthly job growth for the past three months is 145,000, down from 214,000 for the same time period last year.” Continue reading →

Gold Slipped Early Monday

Gold Slipped Early Monday

Gold slipped early Monday as the U.S. dollar traded near a three-week high, making the yellow metal less attractive as investor risk appetite grows.

Gold’s direction today is likely to be determined by the latest twists in the trade standoff between the U.S. and China. Bloomberg reported that the Trump administration is considering ways to limit U.S. money going into Chinese, but the U.S. Treasury said it has no plans to stop Chinese companies from listing on U.S. exchanges. Continue reading →

Gold Fighting This Morning

Gold Fighting This Morning

Gold fighting this morning against a stronger dollar. Late Thursday, investors turned to the dollar as an alternate safe-haven asset amid political uncertainty in the U.S.

The dollar Index hit a new high for 2019 in the early hours today responding to a weakened euro as well as domestic concerns. Continue reading →

What’s Shining in Platinum? Pt 1

What’s Shining in Platinum? Pt 1

Part 1: Shifting demand

Gold and Silver’s rebound may be catching the headlines lately, but behind the scenes, platinum has also been showing new signs of life.

For decades, platinum’s winning combination of scarcity and demand boosted prices to levels far exceeding gold. But demand drivers have shifted in recent years, forcing the once-shining star to fall behind its other industrial metal peers. In this three-part series, we’ll look at how platinum is adapting to the latest technology and signs that 2019 may finally start to bring a reversal of fortune for this battered metal. Continue reading →

Gold Holding Steady

Gold Holding Steady

Gold holding steady this morning after climbing to a three-week high in Tuesday’s session as investors flocked to the yellow metal as a hedge against uncertainty after the U.S. House of Representatives launched an impeachment inquiry into President Donald Trump.
Palladium climbed to a new record.

The December gold contract rose 0.6% Tuesday to settle at $1,540.20 an ounce on Comex, the highest closing level since Sept. 4. Bullion gained 1.7% in the first two days of the week. Silver slipped 0.4% Tuesday but has outpaced gold this week, with the most-active December up 4.4% in the first two days. Continue reading →

Gold Rose On Geopolitical Fears

Gold Rose On Geopolitical Fears

Gold rose on geopolitical fears and uncertainty early Monday as its attractiveness as a hedge grew on rising tensions between Iran and Saudi Arabia. Palladium climbed to a new record.

The U.S. announced late last week that it was sending troops to Saudi Arabia after drone attacks on key oil facilities in the kingdom. Both the U.S. and Saudi Arabia have blamed Iran for the attacks. The Iranian president warned Sunday that foreign forces are threatening the security of the region. He pledged to unveil a peace initiative at the United Nations General Assembly later this week in New York. Continue reading →

Gold Holding As Dollar Rises

Gold Holding As Dollar Rises

Gold holding on as dollar rises this morning. The dollar had slumped late yesterday boosting the yellow metal in the early hours. So far, gold is holding above $1,500 and is striving for its first weekly rally in a month. Palladium climbed to a new record.

The U.S. dollar had slipped after the Fed’s rate cut on Wednesday, dropping .3% on Thursday, but concerns over geopolitical tensions and a slowing global economy have boosted the dollar’s attractiveness. Continue reading →

Gold Ticked Up

Gold Ticked Up Slightly

Gold ticked up ever so slightly this morning as tensions between the U.S. and Iran sparked headlines after President Trump threatened increased sanctions via Twitter. Meanwhile, investors await this afternoon’s monetary-policy decision from the U.S. Federal Reserve.

The yellow metal shrugged off happy numbers from the Commerce Department as U.S. housing starts rose 12.3% to a seasonally adjusted annual rate of 1.36 million units last month. Industry forecasts had expected around 1.25 million to 1.26 million units. Also this morning, the Commerce Department reported 1.42 million building permits, beating the 1.31 million forecast. This report is important as an indicator of future construction activity. Continue reading →

Gold Climbs On Saudi Strike

Gold Climbs On Saudi Strike

Gold climbs on Saudi drone strike, rising early Monday on its attraction as a safe-haven asset following the drone attack on Saudi Arabian oil facilities over the weekend.

Houthi rebels battling Saudi Arabia in Yemen took credit for the strike, but the Trump administration has blamed Iran, setting the stage for a possible geopolitical standoff. Continue reading →

Gold Back Over $1,500

Gold Back Over $1,500

Gold back over $1,500 this morning, but could still be headed for its third consecutive weekly loss Friday as optimism about U.S.-China trade relations grew, reducing the yellow metal’s appeal as a hedge against uncertainty. However, the indications that world central banks are leaning towards monetary policy easing is keeping gold over the psychological $1,500 mark.

This morning’s economic news, including up U.S. Retail sales for August (up 0.4% – the expected rise was 0.2%) and a positive Consumer Sentiment for September (coming in at 92.0, rather than the forecast 91.4) took a little shine off gold, but not a significant hit. Continue reading →

Market Gage Gold Market Insights

Gold Little Changed This Morning

Gold is little changed this morning after the most-active futures contract settled below $1,500 an ounce for the first time in more than a month on Tuesday. This morning, the August Producer Price Index (PPI) rose a stronger-than-expected 0.3%. Even though this jump in producer prices could lead to inflation pressure, gold saw little to no reaction.

The December gold contract fell 0.8% Tuesday to $1,499.20 an ounce on Comex as bond yields rose for a fifth day and the dollar strengthened. The December contract ticked down a touch this morning, currently at $1,498.00. Futures fell 1.1% in the first two days of the week, adding to losses last week on weak economic data, uncertainty over the U.S.-China trade war, fears of an economic recession and heightened speculation of monetary easing from central banks around the world. Continue reading →

Gold ticks up

Gold Ticks Up

Gold ticks up this morning, as bulls push through any signs of lessening risk aversion. The yellow metal also getting support from the weak economic data from both the U.S. and China that is heightening speculation of monetary easing from central banks around the world.

China’s exports unexpectedly contracted in August, with sales to the U.S. tumbling amid the escalating trade war between the two nations, Bloomberg reported. Exports decreased 1% in dollar terms from a year earlier, while imports declined 5.6%, leaving a trade surplus of $34.84 billion, according to data Sunday from the customs administration. Economists had forecast that exports would grow 2.2%, while imports would shrink by 6.4%. Continue reading →

Gold Modestly Rebounds On Jobs

Gold Modestly Rebounds On Jobs

Gold modestly rebounds on Jobs report this morning that shows lackluster growth. The bounce back follows biggest one-day drop in dollar terms in almost three years on Thursday.

The Labor Department’s just-released U.S. employment data for August showed the “non-farm” payrolls rose 130,000, which significantly misses the market forecast of 150,000. This could indicate a cooling economy which is music to the ears of monetary policy doves, who are looking for a rate cut when the FOMC meets in less than two weeks. Continue reading →

Gold Slips Off Safe Haven Rally

Gold Slips Off Safe Haven Rally

Gold slipped early Wednesday after touching a new high Tuesday as weak U.S. manufacturing data for August drove a flight to precious metals as safe-haven assets.

The most-active December gold contract climbed to $1,555.90 an ounce Tuesday on Comex, a 1.7% rally from Friday. U.S. financial markets were closed Monday for the Labor Day holiday. This morning finds the December contract at $1,547.80.

U.S. manufacturing contracted for the first time in three years last month, spurring fears of an economic slowdown. U.S. President Donald on Tuesday also threatened to be “tougher” on Beijing if he’s reelected in 2020. More U.S. tariffs took effect over the weekend, and the U.S. rejected China’s request to delay them. Continue reading →

Gold Unmoved By Inflation Data

Gold Unmoved By Inflation Data

Gold unmoved by this morning’s inflation data. Inflation, as measured by the Fed’s preferred PCE price index, rose 0.2% in July. While this new number nudged the yearly rate up to 1.4% from 1.3%, Fed watchers feel inflation remained low enough to give the Federal Reserve room to cut rates in September.

In other economic data released this morning, Consumer spending jumped 0.6% last month, while U.S. incomes rose just 0.1%, the smallest gain in nearly a year. Americans had to dip into their savings to cover their expenses. Continue reading →

Gold Hangs Near Six-Year High

Gold Hangs Near Six-Year High

Gold hangs near six-year high after dipping a bit due to a stronger dollar and some profit taking in early morning trading. Silver continues its upward trend, hitting a more-than-two-year high in early morning hours.

Front-month December futures settled at $1,551.80 an ounce Tuesday on Comex as investors continued to seek a safe haven amid uncertainty over the U.S.-China trade war and fears of an economic recession. Speculation that the Federal Reserve will cut interest rates in September and negative bond yields have also spurred the rally in the yellow metal. Currently, the December contracts are at $1,546.50, down $5.20. Continue reading →

In Memoriam – Michael Kramer

1953 – 2019

The precious metals industry has lost an amazing veteran and friend.

Michael was a fixture in the precious metals industry for over 40 years, most recently as executive trader at Dillon Gage, where his passion was evident in every trade. He couldn’t wait for the next deal. Continue reading →