Although investors usually buy gold and silver, you may have noticed the recent and steady climb in the platinum price per ounce. The price of platinum has grown and maintains its footing above $1,000 since the start of December. This extreme rise has not yet lost steam and the metal […]
Tag: market updates
Market Updates
Market Update: Gold and Silver & The Platinum Price
On the US Front, unemployment is down per expected levels on the latest job report. However, inflation is being noticed at the “very foundation of the economic ladder” on top of a weakening US Dollar. The Fed promises to keep rates down despite inflation signals. This is very bullish for […]
COVID Short-selling Sparks Plunge in Gold Prices Today
Gold Prices Today Gold prices today fell massively, dipping below $1,900 per oz in line with the falling stock market. Credit Suisse analysts also believe this is not the end for gold’s fall either. They believe that its new low will be $1,765 per oz before potentially reversing to new […]
Price of Gold, Global Economic Data, and COVID-19
The Week of April 20th, 2020 The following week was not too busy with different economic data. Nevertheless, the price of gold has had significant moves and will continue to move this week. On Tuesday, Economic Sentiment will be released by Germany and the European Union alongside Retail Sales from […]
Price of gold dips thanks to market recovery
When markets are low, or when the dollar is suffering, investors tend to turn to precious metals as insurance against future unforeseen shifts. This means that, ironically, the price of gold tends to decline as the overall market improves. Over the past four months, gold bugs saw this irony in […]