RECENT Commodity ETFs RESEARCH
Gold retreated on June 8, 2017, by almost 1% to $1277.50 an ounce. Silver and platinum followed, falling 1.2% and 1%, respectively.
Weak US economic indicators appear to be giving some breath to precious metals. Gold rose 1.1% on Tuesday, June 6.
Why is everyone talking about the Permian? The Permian Basin is primarily located in West Texas with a small part spilling into the southeastern corner of New Mexico. This basin measures…
Tumbling oil prices led to a rise in precious metals on May 26. Gold, silver, platinum, and palladium rose 0.93%, 0.44%, 1.1%, and 2.4%, respectively.
Precious metal movements have been slowing over the past couple of days, with gold futures for July expiration ending at $1,255.5 per ounce on Tuesday.
Gold futures for June expiration fell 0.47% and ended May 18 at $1,252.8 per ounce. The call implied volatility in gold rose to 11.3%.
Haven bids for gold have increased with concerns over what Trump will do with trade. Gold, silver, and platinum rose 1.8%, 0.95%, and 0.97%, respectively, on May 17.
On Thursday, precious metals saw yet another day of recovery as the equities market fell.
The price of gold witnessed a rebound on Monday, May 8, after touching $1,221 per ounce—the lowest level we’ve seen since the middle of March.
Gold and silver both dumped 1.6% and 1.5%, respectively, on May 4, while platinum and palladium rose 0.37% and 0.17%, respectively.
Precious metals saw yet another slump on Wednesday, May 3, with gold, silver platinum, and palladium falling 0.68%, 1.7%, 2.3%, and 1.8%, respectively.
Gold touched a three-week low on Monday, May 1, but it now appears to be rebounding.
Gold dropped ~1.6% during the last week of April, which was its worst weekly fall since March 10, 2017. Gold futures for July expiration ended the day at $1,268.30 per ounce on April 28.
Gold and other precious metals increased due to geopolitical tensions around the world. Gold rose ~4.9% during the past 30 trading days.
On April 13, 2017, gold futures contracts for June expiration were $7.1 higher at $1,285.2 per ounce—the strongest level seen by gold since November 2016.
In this series, we’ll study the impact of geopolitical risk on precious metals. We’ll examine their relative movement to volatility, equities, and the US dollar on April 11, 2017.
On Monday, April 10, gold dropped 0.26% and closed at $1,252.3 an ounce.
Gold is a hedge against inflation. When prices rise, investors can park their money in gold. It isn’t clear how well gold protects investors.
Precious metals had a bright first quarter, which ended March 31, 2017. Gold rose about 8.4%, marking its best quarter in almost a year.
A rise in interest rates can negatively affect gold and silver funds like the iShares Gold Trust (IAU) and the iShares Silver Trust (SLV).