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.
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.
The precious metals rallied Monday thanks to a weaker U.S. dollar. The dollar tumbled to a three-week low, which also helped lift global stock markets.
The precious metal prices were little changed Friday after the Labor Department released its monthly nonfarm payrolls report. The jobs data was stronger than expected for June.
Gold and silver were slightly lower Thursday morning ahead of the release of the June FOMC meeting minutes. First-time jobless claims were also weaker than expected.
The gold price recovered from the previous day's losses, trading right at $1,250 per ounce Tuesday morning. Markets fretted that China may devalue the yuan as a weapon in the ongoing trade war.
The gold price opened mostly flat Monday morning, holding just below the $1,250/oz mark. Stocks in the U.S. opened lower on the first trading day of the third quarter.