The team at Gainesville News is dedicated to bringing you relevant updates and analysis about the precious metals markets, as well as news in the broader financial markets. Our reporting reflects the crucial—and often overlooked—role that gold, silver, platinum and palladium play in the global economy, and how these metals interact with other assets and economic developments. We want to empower our readers with the latest information and industry perspectives on important events affecting the markets. We also provide occasional stories concerning geopolitics, important domestic developments, and other topics of interest. We always strive for objectivity and accuracy. Due to their diverse knowledge and professional backgrounds, our contributors also share their opinions where such insights may apply.
Gold sank to a one-year low below $1,215 Thursday morning. Silver and the PGMs each lost more than 2% as the dollar surged on strong manufacturing data and better-than-expected jobless claims.
A resurgent U.S. dollar placed downward pressure on the precious metals Wednesday morning. Both gold and silver traded at one-year lows while platinum and palladium also slumped.
The precious metals continued their slump Tuesday, trickling lower as the dollar advanced again. Global stocks were mixed in early trading and bonds saw an uptick in demand.
The precious metals showed almost no reaction to higher retail sales and weaker manufacturing data during June. Gold traded just north of $1,240 per ounce to begin trading Monday.
A team of researchers at Imperial College London published a paper that explores the obstacles to wider adoption of cryptocurrencies such as Bitcoin.
In March 2018, a huge cache of hundreds of thousands of bronze coins dating to the 16th century or earlier were found buried underground in a giant ceramic pot in Japan. It's the largest coin hoard in the country's history.
The precious metals slumped again Friday, with the gold price falling to a one-year low. Wall St opened flat while most sovereign bonds around the globe rose.
The consumer price index (CPI) and weekly jobless claims were both modestly higher Thursday, helping lift global stock markets. The precious metals also regained some ground in early trading.
Gold prices haven't shown much response to the brewing trade war as prices fell back toward $1,250 an ounce on Wednesday. Global stocks opened sharply in the red.
Stocks moved higher Tuesday as investors turned their attention to corporate earnings from the second quarter. The precious metals tumbled lower in early trading while oil prices surged.