Gold prices rose Monday morning in Asia as the U.S. dollar weakened ahead of the U.S. holiday.
- Gold futures were up 0.34% to $1,846.80.
- The silver contract was up 0.28% at $21.83 an ounce.
- The platinum contract was up 0.21% at $946.00 an ounce.
- The palladium contract was up 2.12% for $1,938.00 an ounce.
U.S. markets are closed Monday for the Juneteenth holiday.
„It is a public holiday in the U.S. today, which means liquidity and therefore volatility is likely to be lower, thus making directional moves on gold difficult without a fresh catalyst,“
said Matt Simpson, senior market analyst at City Index.
Asian markets fell on fears that tighter monetary policy could slow economic growth.
Gold prices closed last week in the red. This was due to the strengthening dollar after the Federal Reserve raised interest rates by 0.75 percentage points on Wednesday.
The Swiss National Bank unexpectedly raised interest rates by 0.50 percentage points on Thursday, while the Bank of England raised rates to 1.25% on the same day.
The Spot Market is Open
Monday, June 20, 2022
| Metals Updated at | USD Bid/Ask | Ounce Change | Low/High |
| Gold 13.40 | 1,843.60 1,844.60 | +3.80 +0.21% | 1,834.90 1,847.20 |
| Silver 13.40 | 21.69 21.80 | +0.05 +0.25% | 21.44 21.83 |
| Platinum 13.40 | 937.00 947.00 | +6.00 +0.64% | 926.00 948.00 |
| Palladium 13.30 | 1,779.00 1,929.00 | +33.00 +1.89% | 1,744.00 1,938.00 |
| Rhodium 05.00 | 11,850.00 13,850.00 | 0.00 0.00% | 11,850.00 13,850.00 |