Featured

*1% over dealer cost is an approximation based on expected spot-prices relative cost of coins. It is not a guarantee on any specific product at any specific time and only applies to the common bullion products listed at www.meritgold.com.

Latest Market News

Gold prices staged a modest rebound in early trading Wednesday, after falling to their lowest level since early February in the previous session. The metal had been under pressure this week amid signs of waning investor demand and increased optimism over U.S. economic growth, but a weaker dollar and mild losses in equities this morning following a disappointing report on U.S. home sales are helping to restore bullion’s value as a safe-haven asset.
 
Data earlier showed sales of new single-family homes plummeted in March, hitting their slowest pace since July. Sales plunged 14.5% to a seasonally adjusted annual rate of 384,000, dropping in three of the four U.S. regions, and well below analysts’ expectations for a March sales pace of 450,000.
 
“Up until today’s report, new home sales had been reasonably stable for six months following a soft patch last summer,” said Joshua Shapiro, chief U.S. economist for MFR to Marketwatch. “With that said, data from the Mortgage Bankers Association show that mortgage applications for home purchase remain lower, suggesting that higher interest rates and earlier price increases are having an impact on individual demand for homes, and also highlighting the fact that speculative demand continues to be the main driver of growth in the existing home market.”
 
Gold rose in the wake of the report as U.S. stocks fell into negative territory. The data followed Tuesday’s report showing U.S. house prices rose just 6.9% in the 12 months through February, their smallest gain in a year.
 
Still, convictions that the Federal Reserve will continue tapering the pace of its monthly asset purchase program remain firm, though further signs of a slowdown in U.S. economic growth will likely prompt a change in analysts’ projections, which will certainly benefit precious metals’ values.
 
Elsewhere, geopolitical tensions are once again providing support for gold prices, as tensions escalate amid reports that Ukraine is renewing its push to dislodge militants in defiance of Russia’s warnings of sparking a civil war.
 
Last week, Ukraine’s government pledged to abide by the deal negotiated in Geneva by Ukraine, the European Union, the U.S. and Russia; however hopes for a resolution have faded since Ukraine accused pro-Russian separatists of torturing and killing two people and shooting at one of its military planes.
 
The Pentagon has announced the deployment of hundreds of U.S. troops to Eastern Europe through year-end to reassure allies on Russia’s borders amid flaring tensions between Kiev and Moscow.
 
Despite Wednesday’s rebound in bullion prices, gold still faces pressure from concerns over waning physical demand in Asia, as well as data this week showing continued outflows from gold ETFs.
 
Demand has been quiet in China as a weaker Yuan made dollar-denominated gold less affordable.
 
Meanwhile, sharp outflows from the SPDR gold trust in recent days have fueled concerns of falling investment demand. Last week, the fund's outflows totaled 9.3 metric tons, erasing all of 2014 gains.
 
 
read more

View Market Data

Read the latest market viewpoint commentary from Merit's very own Executive Vice President, Mike Getlin.

View Market Data

The VAULT

This week on the Vault, Brian returns to the hosting chair with a challenge to the Federal Reserve's assertion that higher inflation leads to lower unemployment and a more robust U.S. economy. Mike Getlin, CEO of Merit Gold breaks down this week's gold mark...

watch more

Gold Standard with Brian Baker

Brian covers Tuesday's gold market and digs into America's growing support for a maximum wage cap and minimum wage hike.

watch more

About Merit

27 Years in Business

For a quarter of century, Merit is a trusted financial partner for thousands of
investors of gold and precious metals

5/5 RATING AT TRUSTLINK

Widely recognized as an honest,
responsible and highly ethical institution,
Merit has a perfect rating
with Trustlink

5000+ happy customers

Each year more investors, financial
planners and collectors become part of our
community of highly satisfied customers

more about merit

Community

Nearly 50,000 men and women in the armed forces have been injured in the wars of Iraq and Afghanistan. To support those who have risked their lives for their country, Merit has developed the Wounded Warrior Project. This program provides unique, direct assi...

read more

Read what our customers
are saying

Peter Epstein - Chairman & Founder, Merit

Peter Epstein - Chairman & Founder, Merit

read testimonials