Gold futures closed higher last night (August 23). Gold prices rose $108.60 to $2,385.10/ounce or 4.8%.
Silver futures rose 54.4 cents to $23.656/ounce or 2.35%.
The platinum contract rose $19.9, or 2%, to $1,014.1/ounce.
Palladium futures rose $108.60 to $2,385.10 per ounce, or 4.8%.
The dollar fell 0.58% last night to 92.9582, a factor supporting the gold contract as oil and gold contracts trade in dollars. A weak dollar makes gold and crude oil contracts more attractive to holders of other currencies.
At the same time, investors predicted that the Fed will still postpone tapering. Due to the slowdown in the service sector in U.S. manufacturing. In particular, the outbreak of the delta variant could hinder the economic recovery.
In addition, investors continue to look at the Fed’s annual meeting. This will be held on August 26-28 in Jackson Hole, Wyoming, and will throw up answers about the direction of interest rates and QE tapering.
The Spot Market is Open
Wednesday.25 Aug-2021
| Metals Updated at | USD Bid/Ask | Ounce Change | Low/High |
| Gold 06.00 | 1,802.10 1,803.10 | -0.90 -0.05% | 1,802.00 1,804.00 |
| Silver 06.00 | 23.83 23.93 | -0.03 0.13% | 23.83 23.96 |
| Platinum 06.00 | 1,007.00 1,017.00 | -1.00 -0.10% | 1,007.00 1,018.00 |
| Palladium 06.00 | 2,398.00 2,548.00 | -4.00 -0.17% | 2,395.00 2,556.00 |
| Rhodium 05.00 | 15,800.00 17,800.00 | 0.00 0.00% | 15,800.00 17,800.00 |
| Energy Updated at | Price | Change | %Change |
| Crude Oil 06.00 | 67.60 | +0.06 | 0.09% |