|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||15.08 - 15.17|
|52 Week Range||14.44 - 17.59|
|PE Ratio (TTM)||3.46|
|Expense Ratio (net)||0.50%|
The US dollar (UUP) fell 0.71% on December 13—the day the Federal Reserve raised interest rates a quarter point to 1.25%–1.50%.
Although the US dollar has been the most important element contributing to changes in precious metals, the upcoming December meeting of the Federal Reserve has taken all of investors' attention.
Among the four precious metals, silver was the only one that rose on Friday, December 8, 2017. Silver futures for February expiration rose 0.22%.
All four precious metals have seen downward price movements over the past five trailing days. Gold, silver, platinum, and palladium have fallen 1.5%, 3.7%, 4.1%, and 0.83%, respectively.
The US dollar has fallen almost 9.1% on a YTD basis. The iShares Gold Trust (IAU) and the iShares Silver Trust (SLV) have risen 11% and 2.8%, respectively.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
Precious metal market participants will be closely watching the economic numbers that come out of the US, especially those that give an indication of the country's inflation level.
The US stock markets were closed on Thursday, November 23, 2017, for Thanksgiving, and the next day (Black Friday) was quite slow for precious metals. Gold played in a narrow range that day.
The Federal Reserve raised rates yesterday after the conclusion of its FOMC meeting. It signaled three more rate hikes in 2018. Is that realistic? Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss.