Live Spot Gold
SPOT MARKET IS OPEN
closes in 6 hrs. 3 mins.Jan 03, 2020 10:57 NY Time
| Bid/Ask | 1548.50 / 1549.50 | |
| Low/High | 1538.00 / 1552.10 | |
| Change | +19.80 | +1.30% |
| 30daychg | +74.40 | +5.05% |
| 1yearchg | +254.60 | +19.68% |
| Alerts Charts |
Silver Price & PGMs
Jan 03, 2020 10:57 NY TimeKitco 10AM Silver Fix
| Silver | 18.07 | +0.07 |
| Platinum | 982.00 | +4.00 |
| Palladium | 1965.00 | +24.00 |
| Rhodium | 5850.00 | +240.00 |
Click on the metal names to
see the associated charts
![Live 24 hours gold chart [Kitco Inc.]](https://www.kitco.com/images/live/gold.gif?0.2924175530478188)
(Kitco News, Mon. Jan. 6th ( 2020) – Gold prices are keeping their strong gains and prices are not far below session highs amid the shock geopolitical development that has roiled the world marketplace. The U.S. airstrike that killed a top Iranian general in Baghdad has prompted a vow of “harsh” retaliation from Iran. With gold holding strong gains and crude oil at a 10-month high and sharply up in late-morning U.S. trading, both markets keeping their strong overnight gains suggests this geopolitical matter is not going to diminish anytime soon.
Gold traders will now exhibit a “buy-the-dip” mentality, to do some perceived bargain hunting on any price pullbacks, on the premise the safe-haven metals have more room to run on the upside. February gold was last up $24.60 at $1,552.80.
Bad ISM Report Sends Gold Higher
(Kitco, Mon. Jan. 6th, 2020) – Gold prices, already near session highs, are getting a modest boost from disappointing sentiment data from the U.S. manufacturing sector, according to the latest report from the Institute for Supply Management (ISM).
Friday, the ISM said its manufacturing index showed a reading of 47.2% for December down from November’s reading of 48.1%. The data was much weaker than expected as consensus forecasts were calling for a reading of 49.0%.
Readings above 50% in such diffusion indexes are seen as a sign of economic growth, and vice-versa. The farther an indicator is above or below 50%, the greater or smaller the rate of change.
Sentiment in the manufacturing sector is now at its lowest point since July 2009. The index has been in contraction territory for the last five months has has missed economist expectations for the last six consecutive months.
Posted by :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com