Gold closed lower last night (September 17) for the third day in a row, this week gold contracts were 2.3% lower. This is the lowest level since August 10.
Gold futures fell 0.3% or $5.3 to close at $1,7142/ounce.
Silver futures fell 2% or 45.7 cents to close at $22.337/ounce.
Platinum contracts rose 0.79% or $7.3 to close at $930.6/ounce.
Palladium contracts fell 1.9% or $37.70 to close at $1,983.80/ounce.
The strengthening dollar pushes the gold price down as gold becomes more expensive for holders of other currencies.
The movement index of the dollar against the six major currencies in the basket increased by 0.28% to 93.1881.
While investors are waiting for the signal on interest rate policy and the much-discussed tapering, gold is likely to weaken in the short term. More information on this topic will be announced at the Fed’s monetary policy meeting on September 21 and 22.
The U.S. consumer confidence index rose to 71% in September from 70.3% in August.
The Spot Market is Closed
Saturday, September 18, 2021
| Metals Updated at | USD Bid/Ask | Ounce Change | Low/High |
| Gold 04.00 | 1,753.80 1,754.80 | +0.10 0.01% | 1,747.10 1,768.40 |
| Silver 04.00 | 22.36 22.46 | -0.51 -2.23% | 22.30 23.22 |
| Platinum 04.00 | 934.00 944.00 | +8.00 0.86% | 925.00 961.00 |
| Palladium 04.00 | 1,950.00 2,100.00 | -14.00 -0.71% | 1,907.00 2,135.00 |
| Rhodium 04.00 | 11,900.00 13,900.00 | +700.00 6.25% | 11,200.00 14,200.00 |
| Energy Updated at | Price | Change | %Change |
| Crude oil 09.10 | 71.96 | -0.65 | -0.90% |