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 |