Daily Spot Price Update 10/21/2016

Metal Spot Price Open Spot Price Close Change
Gold $1264.05 $1268.50 + $4.45
Silver $17.50 $17.58 + $0.08
Platinum $933.75 $938.00 + $4.25
Palladium $628.75 $629.50 + $0.75

Summary

All precious metals saw a slight increase on 10/21, with gold improving the most.

An Updated Baker-Hughes Rig Count

The Baker-Hughes North American rig count report tracks the number of active operating oil and gas rigs on a weekly basis. While the US rig count is up 14 from the last report, the annual total is down 234 from last year. Canada’s numbers are down as well. Active rigs are essential for the production of gasoline, which influences the economy.

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