|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||15.28 - 15.48|
|52 Week Range||14.44 - 17.59|
|PE Ratio (TTM)||3.51|
|Expense Ratio (net)||0.50%|
All four precious metals witnessed a slump in their prices on March 15, 2018. The US dollar has been instrumental in pulling these precious metals lower. A country with a high interest rate should expect its currency to appreciate.
Gold prices clawed up from a two-week low on Friday, with the metal generally tethered to the dollar this week yet supported by persistent global political and trade tensions.
Silver prices could outpace a rise in gold this year, with analysts pointing to strong demand for the white metal and a lofty gold-to-silver ratio.
How Gold Is Pressured by Interest Rates and the US DollarSurging dollar All four precious metals moved southward on Tuesday, February 27, primarily due to the rising strength of the US dollar. The US dollar, which is depicted by the DXY index, had increased 0.56% on the same day. The DXY index traded at 90.4, gaining ~1.5% over the past one-month period and reaching a two-week peak level. The rise in the US dollar was mostly led by statements by Jerome Powell, chair of the Federal Reserve. ...
Gold prices make a last minute turn lower on Wednesday, contributing to the metal’s first monthly loss since October, even as the U.S. dollar makes a less-than-impressive move higher.
The days of easy gains are over, which is why it’s time to diversify into non-correlated investments, says Nigam Arora.
Investors on Wednesday jumped into gold and other precious metals, along with commodity-related ETFs, as markets continue to worry that the Fed will raise interest rates higher than initially anticipated on the back of the Labor Department's January consumer price index.
Gold futures decline Friday to suffer their biggest weekly loss in two months, pressured by a jump in the leading dollar index for the week.
Gold and silver had a great start to 2018, and they have risen about 3.5% and 1.9%, respectively, year-to-date (or YTD). This also reflected on the SPDR Gold Shares ETF (GLD) and the iShares Silver Funds ETF (SLV), which rose 3.6% and 2.6%, respectively, on a YTD basis. Gold dominates the precious metals because its price direction often causes the other metals to follow.