Precious Metals

Precious metals, most notably gold, silver, and platinum, have always held monumental value in economies, partly because of their grandiose glimmer and partly because of their practical use. These metals are usually seen as safe bets, as they keep their value and are limited in quantity. Today, these metals are traded as commodities, though many investors opt to invest in precious metal funds like Vanguard Precious Metals And Mining Fund Investor Shares (MUTF:VGPMX) and USAA Precious Metals and Minerals Fund (MUTF:USAGX) instead.

Gold Rallies on Higher Chinese Demand

Reports of higher demand for physical gold and new economic stimulus measures in China sent gold up sharply in Monday trading.

Gold Edges Higher on Better Chinese Manufacturing

More good economic news from China sent gold slightly higher in Friday trading, prompting the metal to end the week with a small increase.

Gold Jumps on Strong Chinese Trade Data

Gold posted solid gains in Thursday trading driven by strong Chinese economic data and a weakening U.S. dollar.

Gold Gets Boost From Weaker U.S. Dollar

Gold reversed course in Wednesday trading, rising from session lows to close the day with a small gain as the U.S. dollar slipped against other currencies.

Shrinking Trade Deficit Sends Gold Down

Gold dropped sharply in Tuesday trading after the Commerce Department said the U.S. trade deficit for June fell to its lowest level since 2009.

Gold Falls on ISM Report, Fed Comments

A better-than-expected report on service sector activity last month and comments suggesting an early end to Fed stimulus sent gold lower in Monday trading.

Gold Posts Weekly Loss Even After Jumping on Jobs Miss

Gold snapped back from a sharp early loss in Friday trading after a government report showed weak job creation in July, but still ended down for the week.

Strong Manufacturing Report Pushes Gold Lower

Gold slipped slightly Thursday following the release of the ISM's manufacturing index for July, which showed an unexpected surge in factory activity.

Gold Falls Ahead of FOMC Statement

Gold declined in Wednesday trading while investors waited for a statement from the Fed's FOMC meeting to signal when stimulus efforts will start to taper.

Gold Slips as Investors Await Economic Signals

Gold fell back slightly on the first day of the Federal Reserve's Open Markets Committee meeting.

Gold Gains for Third Straight Week

Gold fell back in Friday trading on better-than-expected U.S. consumer sentiment data, but still posted a gain for the week.

Gold Gains as U.S. Dollar Cools

Gold rose modestly in Thursday trading as the U.S. dollar slipped in the wake of mixed reports on the U.S. economy.

Gold Sinks on Strong U.S. Home Sales

Gold fell in Wednesday trading after the government reported higher-than-forecast U.S. single family home sales in June.

Gold Eases Slightly After Jump

After rising sharply on Monday, gold cooled on Tuesday, slipping slightly as India was rumored to be mulling import restrictions on the metal.

Gold Surges on Weaker U.S. Dollar

Gold jumped in Monday trading after a weaker-than-expected report on U.S. home sales in June sent the U.S. dollar tumbling against other currencies.

Gold Rises to Post Small Weekly Gain

Gold benefitted from investor concern over weak tech earnings and the bankruptcy of Detroit, rising in Friday trading to post a weekly gain.

Bargain Hunters Push Gold Back Up

Gold rebounded somewhat from the previous day's decline on Thursday as investors of the yellow metal took advantage of lower prices.

Gold Drops After Bernanke Remarks

Gold rose during Ben Bernanke's prepared statement to Congress, but fell during his questioning by lawmakers, ending down for the day.

Gold Gains on Consumer Price Index Data

A relatively stable reading on U.S. inflation reassured investors that the Fed would wait to ease stimulus efforts, sending gold up in Tuesday trading.