Stock markets were strong while gold weakened

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The gold price fell below $ 1,800 last night (September 15). After the US stock market had risen sharply. This caused investors to prefer to put their money in equities.

Gold futures fell $12.3, or 0.68%, to $1,794.81/ounce.

Silver contracts fell 8.4 cents or 0.35% to close at $23.801/ounce.

Platinum contracts fell $8.2, or 0.87%, to $930.5/ounce.

The palladium price rose $16, or 0.8%, to $1,991.60/ounce.

Strong U.S. economic data sent the Dow Jones Industrial Average up 200 points overnight (Sept. 15). Investors sold gold to take profits.

At the same time, the U.S. manufacturing index boosted gold buying and boosted confidence in manufacturing companies.

Investors are now looking ahead to the Federal Reserve’s monetary policy meeting to set a time frame for QE tapering and further interest rate policy on September 21-22.

The Spot Market is Open

Thursday, September 16, 2021

Metals
Updated at
USD
Bid/Ask
Ounce
Change

Low/High
Gold
10.20
1,793.40
1,794.40
-0.70
-0.04%
1,792.20
1,796.80
Silver
10.20
23.89
23.99
+0.06
0.27%
23.82
24.06
Platinum
10.20
944.00
954.00
+4.00
0.43%
939.00
962.00
Palladium
10.01
1,980.00
2,130.00
+45.00
2.33%
1,935.00
2,161.00
Rhodium
09.20
9,900.00
11,900.00
+100.00
1.02%
9,800.00
11,900.00
Energy
Updated at

Price

Change

%Change
Crude oil
10.20

72.90

+0.29

0.40%

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