Gold Fell On Vaccine Optimism

Gold Fell On Vaccine Optimism

Gold fell early Monday on vaccine optimism which propelled investors into equities at the expense of gold. The yellow metal’s price fell despite the dollar hitting its lowest level in two and a half years. The Dow fell 250 after this morning’s opening bell, but is still set for its best month since 1987. 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. 26th: Open all day, EXCEPT closed from Noon to 5 pm CST
  • Fri. Nov. 27th: Closes at 12:45 pm CST
  • Sun. Nov. 29th: Opens at 5 pm CST

Trading Room & Refinery:

  • Thu. Nov. 26th: Closed
  • Fri. Nov. 27th: Closed
  • Mon. Nov. 30th: Trading room opens at 7:30 am CST
Gold Reclaiming Some Ground

Gold Reclaiming Some Ground

Gold reclaiming some ground on weaker U.S. dollar this morning. Meanwhile, European stocks and U.S. equity futures have applied the brakes following yesterday’s record setting session on the Dow driven by vaccine hopes and relief over progress being made in the transition to a Biden administration. Continue reading →

Gold Eased on New Vaccine News

Gold Eased on New Vaccine News

Gold prices eased Monday when AstraZeneca offered new vaccine news in the fight against COVID-19, overshadowing an earlier boost from a weaker dollar. U.S. gold futures slipped 0.6% lower to $1,861.40 on the announcement. AstraZenaca reports its vaccine could be around 90% effective. Continue reading →

Gold Pops On New Stimulus Hopes

Gold Pops On New Stimulus Hopes

Gold pops on new stimulus hopes this morning as Secretary Mnuchin announces new meetings in coming weeks. The yellow metal had been holding steady fighting pressure following yesterday’s announcement by Mnuchin that key lending programs at the Federal Reserve would expire on Dec. 31, putting the future of fiscal support in doubt. Continue reading →

Gold Climbs Back

Gold Climbs Back After Vaccine News Dip

Gold climbs back after vaccine news once again raises hopes. Drugmaker Moderna announced positive news on the effective rate of its COVID-19 vaccine, raising hopes for the economic recovery. The headlines took a bit of shine off gold’s safe haven status, but investors quickly stepped in to buy the dip. Continue reading →

Gold Eases on Stronger Dollar

Gold Eases on Stronger Dollar

Gold eases on stronger dollar this morning as optimism over a potential COVID-19 vaccine boosts the market, but the yellow metal is still being supported by the belief that monetary support to resuscitate the economy is still possible. Continue reading →

Gold falls on vaccine news

Gold Falls on Vaccine News

Gold falls on vaccine news this morning. Pfizer and Germany’s BioNTech revealed trial data this morning that indicates a 90% effective rate for their Covid-19 vaccine. Gold dropped below $1,900 on the news, while U.S. Stock Futures surged, with the Dow set to rise a record 5% at the opening bell. Continue reading →

Gold Up on Weakened Dollar

Gold Up on Weakened Dollar

Gold up on weakened dollar as the yellow metal appears headed to its best week since July and the dollar looks at its worst week since March. Uncertainty about the U.S. election which would likely impact continued pandemic stimulus and monetary policy are supporting gold’s attraction. Continue reading →

Gold Back Above $1,900

Gold Back Above $1,900

Gold is back above $1,900 after sliding over 1% on Wednesday on presidential election doubts. The yellow metal’s rise in the last few hours this morning is attributed to the dollar steadying and rising hopes that Democrat Joe Biden could still win the White House, which raises hopes for a larger U.S. stimulus. Continue reading →

Gold Climbing Toward $1,900

Gold Climbing Toward $1,900

Gold climbing back toward $1,900 this morning following two straight sessions of declines. The yellow metal is riding the wave of investors seeking refuge on the news of rising COVID-19 cases and worries over the upcoming U.S. elections which have taken down the dollar’s recent rally. Meanwhile, the Dow is headed for its worst week since March. Continue reading →

Gold Steady Above $1,900

Gold Steady Above $1,900

Gold steady above $1,900 Friday morning despite a strong dollar and an ongoing stalemate in U.S. stimulus talks. The yellow metal slipped a touch on this morning’s U.S. Retail sales report for September, and could hit its first weekly decline in three weeks. Continue reading →

Gold Back Over $1,900

Gold Back Over $1,900

Gold back over $1,900 this morning on concerns over the global economy and questions about the U.S. presidential election. Gold showed little reaction to this morning’s Producer Price Index (PPI) numbers. Continue reading →

Gold Retreats - Dollar Rises

Gold Retreats – Dollar Rises

Gold retreats early Monday, coming off a three-week high, as the dollar rises and the White House and House Democrats remain far apart over terms of a multitrillion-dollar stimulus bill to provide relief to segments of the economy hard hit by the coronavirus and associated lockdowns. Continue reading →

Gold Climbs on Soft Dollar

Gold Climbs on Soft Dollar

Gold climbs on soft dollar this morning after slipping overnight as equities gained on the possibility that U.S. President Donald Trump, who was hospitalized Friday for COVID-19, might be released as soon as Monday. Continue reading →

Gold Holds Above $1,900

Gold Holds Above $1,900

Gold holds above $1,900 after this morning’s disappointing payroll numbers, hanging onto the boost it received over night following the news the President Trump tested positive for COVID-19. Gold still looks to mark its best week in nearly two months Continue reading →

Gold Slips as Dollar Rallies

Gold Slips as Dollar Rallies

Gold slips this morning as dollar rallies, but the yellow metal is still on track for its eighth straight quarterly gain. The dollar rose following the first presidential debate between Donald Trump and Joe Biden. Continue reading →

Gold Dips on Durable Goods

Gold Dips on Durable Goods

Gold dips on durable goods report this morning, after hanging tough overnight. Overall, markets continue to roil. Wall Street set to open down by 100+ points this morning, headed for its fourth weekly loss, while the yellow metal looks headed for its worst week in six. Continue reading →

Gold Fell As the Dollar Rose

Gold Fell As The Dollar Rose

Gold fell to its lowest point in almost two weeks on Monday as the dollar rose, while doubts rose that the speeches from U.S. Federal Reserve policymakers this week this would include additional stimulus measures. The dollar index rose 0.4% against its rivals, making gold more expensive for holders of other currencies. Continue reading →

Gold Rises as Dollar Slumps

Gold Rises as Dollar Slumps

Gold rises early Friday as dollar slumps amid weak U.S. jobs numbers and hopes for more stimulus from central banks to mitigate the economic effects of the coronavirus pandemic. This will be the second straight weekly gain for the yellow metal. Continue reading →

Gold Steady Ahead of Fed

Gold Steady Ahead of Fed

Gold was steady Wednesday morning ahead of Fed and after this morning’s disappointing U.S. retail sales numbers. The yellow metal hit a two-week high in the previous session as investors awaited a Federal Reserve monetary policy decision. Continue reading →

Gold Edged Higher

Gold Edged Higher

Gold edged higher this morning boosted by a weakened dollar and hopes for a continued dovish monetary policy from the U.S. Federal Reserve when they meet on Wednesday. U.S. gold futures rose 0.1% to $1,950.10 per ounce while the dollar retreated on Monday, bolstering gold’s appeal for investors holding other currencies. Continue reading →

Gold Slips on Inflation Rise

Gold Slips on Inflation Rise

Gold slips this morning after new report of inflation rise. The yellow metal is also somewhat depressed as the dollar headed for its best week since May, but gold is poised for a weekly advance on continuing concerns about the pandemic and its effect on the global economy. Continue reading →

Gold Reclaims Overnight Slip

Gold Reclaims Overnight Slip

Gold reclaims overnight slip as the U.S. dollar index softens. Additionally, traders took advantage of Wednesday’s early morning dip, giving the price a boost. Eyes and ears are on Thursday’s meeting of the European Central Bank, which investors are watching for inflation forecasts. Continue reading →

LABOR DAY HOURS

Labor Day Hours

We will be available for trading during the following hours.

Electronic trading available on FizTrade.com:

  • Sunday, September 6th from 5pm Central until Noon on Monday, September 7th
  • Regular electronic trading hours will resume at 5pm on Monday, September 7th

Continue reading →

Gold advances on weak dollar

Gold advances on weak dollar

Gold advances early Monday on weak dollar which traded near the lowest level in two years as U.S. coronavirus cases topped 6 million. But equities advanced, making other assets attractive and putting a lid on the yellow metal’s rally. In fact, in early-morning trading, gold dipped near $20 an ounce, which it has since reclaimed. Continue reading →

Gold Slips On Durable Goods

Gold Slips On Durable Goods

Gold slips this morning on strong durable goods data, helping investors overcome some of their fears about the global economy, which is typically bullish for precious metals. Meanwhile, the markets are keeping an eagle eye on what the Fed Chair will say at Thursday’s Economic Symposium. Continue reading →

Gold's Overnight Roller Coaster

Gold’s Overnight Roller coaster

Gold’s overnight roller coaster heads for positive territory now as investors buy the dip. Early Friday, gold rose for the first time in three days as U.S. initial jobless claims climbed back above 1 million last week, sending investors to the yellow metal as a hedge against uncertainty. Continue reading →

Gold Slips Under $2,000

Gold Slips Under $2,000

Gold slips back under $2,000 an ounce as investors sought returns in other assets after the Standard & Poor’s 500 Index reached a new record Tuesday and the dollar strengthened from near a two-year low. Continue reading →

International Depository Services (IDS Group) Hires Joe De Rosa to Lead

IDS Group Hires Joe De Rosa to Lead

Former Loomis head joins the Dillon Gage family of companies

ADDISON, Texas (August 13, 2020) – Dillon Gage, the world leader in precious metals trading and technology, announces the appointment of Joe De Rosa to serve as managing director for the International Depository Services Group – Global, also known as IDS, Continue reading →