Press "Enter" to skip to content

Precious Metals Are The Big Losers Headed Into the Weekend

Markets did not know what to do after election results poured in, although many markets had been pricing in a possible Trump victory for about one month prior to the election, as polls were too close to call and also the accuracy of many mainstream polls were thrown into question.

Gold futures fell precipitously Friday, their lowest finish since June, thanks to strength in the U.S. dollars and equities. The Federal Reserve, according to many analysts, might increase interest rates next month. The main reason for precious metals decline is similar to why global currencies have fallen: the strength of the dollar.

Below you can see the .24 increase in the USD in the US Friday, withcommodities taking a big hit such as coffee and Orange Juice, but none so bad as gold, platinum and silver. Silver is a major loser on the day with a 7.46% drop by 3pm EST. Gold was down 3.32% by that time.



Silver is near its lowest levels since 2011. It fell today nearly $1.50.



Below, you can see just what a strong dollar can do to the price of gold.



Despite new labor deals for miners in the platinum-heavy South Africa, the metal fell nearly 5% from $985 to $941.90 by 3pm EST.











The VIX returned to its pre-election trend of increasing, as it increased today. Just how far gold has to fall with Donald J Trump, who once said he’d consider a gold standard, as president-elect has yet to be seen.



  1. website hosting services August 10, 2020

    Good answers in return of this matter with
    real arguments and explaining everything on the topic of that.

  2. best web hosting company August 14, 2020

    Magnificent site. A lot of useful info here. I am sending it
    to some buddies ans also sharing in delicious.
    And certainly, thanks for your effort!

  3. cheap flights August 24, 2020

    Hurrah! At last I got a website from where I be capable of truly obtain useful facts regarding my study and knowledge.

  4. cheap flights August 24, 2020

    This is the right webpage for everyone who would like to find out
    about this topic. You know so much its almost tough to argue with you (not that I personally would want
    to…HaHa). You certainly put a fresh spin on a subject that’s been written about for many
    years. Excellent stuff, just excellent!

  5. cheap flights August 24, 2020

    It’s nearly impossible to find educated people for this topic, but you
    seem like you know what you’re talking about! Thanks 3gqLYTc cheap flights

  6. cheap flights August 24, 2020

    Wonderful website. Lots of helpful information here. I’m sending it to a
    few pals ans additionally sharing in delicious.
    And certainly, thank you to your effort! cheap flights 34pIoq5

  7. cheap flights August 25, 2020

    Great weblog right here! Also your website a lot up very fast!

    What web host are you the usage of? Can I
    am getting your associate link for your host? I wish my site
    loaded up as fast as yours lol cheap flights 34pIoq5

  8. cheap flights August 26, 2020

    Oh my goodness! Awesome article dude! Thank you, However I
    am experiencing issues with your RSS. I don’t understand the
    reason why I can’t subscribe to it. Is there anyone else getting identical RSS issues?

    Anyone who knows the answer will you kindly respond?


  9. cheap flights August 26, 2020

    Neat blog! Is your theme custom made or did you download it from somewhere?
    A design like yours with a few simple adjustements would really
    make my blog stand out. Please let me know where you
    got your design. Thanks a lot

  10. cheap flights August 27, 2020

    hey there and thank you for your info – I have certainly picked
    up something new from right here. I did however expertise several technical points using this website, since I experienced to reload the site lots of times
    previous to I could get it to load properly.
    I had been wondering if your web host is OK? Not
    that I am complaining, but slow loading instances times will
    often affect your placement in google and could damage your high
    quality score if ads and marketing with Adwords. Anyway I’m adding this RSS
    to my email and could look out for much more of your respective
    exciting content. Ensure that you update this again very soon.

  11. cheap flights August 27, 2020

    Hurrah! At last I got a weblog from where I be able to
    genuinely take helpful information concerning my study and knowledge.

  12. cheap flights August 28, 2020

    It’s really a great and helpful piece of info.

    I am satisfied that you just shared this
    helpful info with us. Please stay us informed like this.
    Thank you for sharing.

  13. black mass August 30, 2020

    This site was… how do I say it? Relevant!! Finally I’ve found something
    that helped me. Cheers!

  14. best web hosting sites September 5, 2020

    Excellent post! We are linking to this particularly great post on our website.
    Keep up the good writing.

  15. Willie Crossen September 19, 2020

    Hello, you used to write magnificent, but the last several posts have been kinda boring… I miss your great writings. Past several posts are just a bit out of track! come on!

Leave a Reply

Your email address will not be published.

Mission News Theme by Compete Themes.
Precious Metals Data, Currency Data , Precious Metals Automated Product Pricing Powered by nFusion Solutions