Comex Gold Ends the Quarter 3.80% Lower

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Comex Gold Ends the Quarter 3.80% Lower at $1848.10 — Data Talk

—Largest one quarter net and percentage decline since the third quarter of 2022


—Down for two consecutive quarters


—Down $120.90 or 6.14% over the last two quarters


—Largest two quarter net and percentage decline since the third quarter of 2022


—Down four of the past six quarters


—This month it is down $90.10 or 4.65%


—Largest one month net and percentage decline since Feb. 2023


—Down for two consecutive months


—Down $122.40 or 6.21% over the last two months


—Largest two month net and percentage decline since March 2021


—Down four of the past five months


—This week it is down $79.10 or 4.10%


—Largest one week net and percentage decline since the week ending June 18, 2021


—Snaps a two week winning streak


—Today it is down $12.30 or 0.66%


—Down for five consecutive sessions


—Longest losing streak since Thursday, Aug. 17, 2023, when the market fell for nine straight sessions


—Down six of the past seven sessions


—Lowest settlement value since Thursday, March 9, 2023


—Off 9.76% from its 52-week high of $2048.00 hit Thursday, May 4, 2023


—Up 13.57% from its 52-week low of $1627.30 hit Thursday, Nov. 3, 2022


—Rose 11.17% from 52 weeks ago


—Off 9.76% from its 2023 settlement high of $2048.00 hit Thursday, May 4, 2023


—Up 2.17% from its 2023 settlement low of $1808.80 hit Friday, Feb. 24, 2023


—Off 9.91% from its record high of $2051.50 hit Thursday, Aug. 6, 2020


—Year-to-date it is up $28.40 or 1.56%



All prices are calculated based on the settlement price of the current front month contract.


Source: Dow Jones Market Data, FactSet


Comex Silver Ends the Quarter 2.52% Lower at $22.236 — Data Talk

Front Month Comex Silver for October delivery lost 57.40 cents per troy ounce, or 2.52% to $22.236 this quarter


—Down for two consecutive quarters


—Down $1.84 or 7.64% over the last two quarters


—Largest two quarter net and percentage decline since the third quarter of 2022


—Down four of the past six quarters


—This month it is down $2.236 or 9.14%


—Largest one month net and percentage decline since Feb. 2023


—Down for two consecutive months


—Down $2.618 or 10.53% over the last two months


—Largest two month net and percentage decline since Feb. 2023


—Down four of the past five months


—This week it is down $1.391 or 5.89%


—Largest one week net and percentage decline since the week ending June 23, 2023


—Snaps a two week winning streak


—Today it is down 27.90 cents or 1.24%


—Down four of the past five sessions


—Lowest settlement value since Thursday, March 16, 2023


—Off 14.59% from its 52-week high of $26.035 hit Thursday, May 4, 2023


—Up 23.43% from its 52-week low of $18.015 hit Friday, Oct. 14, 2022


—Rose 17.28% from 52 weeks ago


—Off 14.59% from its 2023 settlement high of $26.035 hit Thursday, May 4, 2023


—Up 11.15% from its 2023 settlement low of $20.005 hit Wednesday, March 8, 2023


—Off 54.34% from its record high of $48.70 hit Thursday, Jan. 17, 1980


—Year-to-date it is down $1.626 or 6.81%


All prices are calculated based on the settlement price of the current front month contract.


Source: Dow Jones Market Data, FactSet


Metals Inch Higher Despite Demand Uncertainty

0327 ET – Metal prices are rising despite a strong dollar and possible rate hikes keep prices largely range bound in recent weeks. Three-month copper is up 1.2% to $8,313 a metric ton, while aluminum is 1.3% higher to $2,308.50 a ton. Gold meanwhile is up 0.5% to $1,887.60 a troy ounce. Metal prices in September have largely been mixed, with copper down 1.5% while aluminum has risen 4.8%, amid demand concerns. Analysts at BMI attribute this to weak Chinese demand and dollar strength keeping prices capped. “With the US dollar remaining strong, we see little scope for a strong rise in metal prices in the coming months, given their historical inverse relationship with the greenback,” BMI adds in a note.

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