Gold Futures Rose $9.50

Gold futures close Thursday (Dec. 23) up $9.50, ahead of the Christmas holidays, the yellow metal appears to be firming above the $1,800 mark. Meanwhile, U.S. equity markets continue to rise.

The gold futures were up $9.50 to close at $1,811.70 per ounce.

Trading conditions in the gold market are sluggish because dealers postponed trading during the Christmas season. They also reduced safe-haven purchases after the U.S. stock market continued to soar.

However, gold futures continue to hover around the $1,800/ounce level. Even though gold and silver prices are not yet reacting to the inflationary environment, they remain popular among the population. The macro-environment for gold and silver has not changed, as real interest rates remain negative due to rising inflation and low-interest rates. The rising concern about purchasing power is the real case for the two precious metals.

Since the Fed will probably soon put the brakes on QE, it is expected that the markets will experience a downturn.

The Spot Market is Open

Friday, December 24, 2021

Metals
Updated at
USD
Bid/Ask
Ounce
Change

Low/High
Gold
05.00
1,809.20
1,810.20
0.00
-0.00%
1,809.20
1,810.20
Silver
05.00
22.86
22.96
0.00
0.00%
22.86
22.96
Platinum
05.00
971.00
981.00
0.00
0.00%
971.00
981.00
Palladium
05.00
1,886.00
2,036.00
0.00
0.00%
1,886.00
2,036.00
Rhodium
06.00
12,975.00
14,975.00
0.00
0.00%
12,975.00
14,975.00

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