Category: Precious Metals

National Financial Solution > Precious Metals

Gold Rises on Omicron Concerns

Gold rises modestly early Monday on omicron concerns. News of the new coronavirus variant’s spread affected all markets much more strongly when it broke on Friday, but the headlines continue to unsettle investors, boosting the yellow metal’s appeal as a hedge against uncertainty. New travel restrictions and lockdowns were imposed around the world as nations […]

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In low key move, Singapore’s central bank adds 26 tonnes to it’s gold reserves

It has just come to light that Singapore’s central bank, the Monetary Authority of Singapore (MAS), added 26.35 tonnes of gold to its official monetary gold reserves over a 2 month period between May and June this year, in the process boosting its strategic gold holdings by 20% to a claimed 153.76 tonnes. This addition […]

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Gold Holding Steady Above $1,780

Gold holding steady above $1,780 an ounce after the release of very positive U.S. jobless claims and muted U.S. Q3 GDP growth. The yellow metal had dipped early Wednesday with strength in the dollar kept futures below the $1,800-an-ounce threshold. The gross domestic product (GDP) increased from an initial estimate of 2% to 2.1% for […]

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Thanksgiving Hours for 2021

November 23, 2021 Happy Thanksgiving to you and your family! Dillon Gage will have the following reduced hours over the holiday weekend. FizTrade*: Thu. Nov. 25th: Open all day, EXCEPT closed from Noon to 5 pm CST Fri. Nov. 26th: Closes at 12:45 pm CST Sun. Nov. 28th: Opens at 5 […]

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Gold Drops on Powell Renomination

Gold drops $10 an ounce on White House announcement that Fed Chair Powell will be renominated to his position. The yellow metal was already under pressure from the stronger dollar and treasurys. However, Pres. Biden’s decision to keep Powell rallied the dollar and had a positive impact on equities. U.S. Stocks are set to kick […]

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Bullion Banksters pay $50 million to Get Out of Jail Free

This week, news emerged that the final three defendant banks in a gold price manipulation class action lawsuit had, surprise, surprise, paid to settle the lawsuit, and all claims against them will be dismissed, in essence they have bought a ‘Get out of Jail free’ card. Although a class action is not a criminal case, […]

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Gold Steady On Inflation Concerns

Gold steady early Friday on inflation concerns. The yellow metal is still hanging tough above $1,850 an ounce as the tug-of-war continues between investors concerned about high interest rates, which would be bearish for gold, and those worried about inflation, which would be bullish because the yellow metal is a traditional hedge against inflation. The […]

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Gold Up Despite Stronger Dollar

Gold ticks up on continuing inflation concerns despite stronger dollar. Gold slightly dropped in early morning trading, but was buoyed back up when bulls bought the dip, even though the dollar is hovering near a 16-month high. The dollar advanced after U.S. retail sales beat expectations for October in a report released Tuesday. Investors saw […]

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Gold Pauses Seven-Day Rally

Gold pauses its seven-day inflation fueled rallytrading in a narrow range over $1,850 an ounce. The bullion slipped from a five-month high early Monday on profit taking and strength in the dollar. The yellow metal had little reaction to this morning’s positive economic news out of New York State. The NY Fed’s Empire State Manufacturing […]

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Gold Sticking Near Five-Month High

Gold sticking near five-month high, after taking a short-lived $16 an ounce (.7%) dip earlier Friday on some profit-taking and a rise in U.S. bond yields and a strengthening dollar. The bullion is on track for its second weekly gain as escalating inflation made the precious metal more attractive to investors as a way to […]

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