Daily Spot Price Update 10/28/2016

Metal Open Close Change
Gold $1273.31 $1285.75 + $12.44
Silver $17.75 $17.83 + $0.08
Platinum $977.10 $984.85 + $7.75
Palladium $620.80 $625.00 + $4.20

Summary

All metals rose on 10/28, with gold increasing most significantly.

Consumer Sentiment at a Low

This month, consumer sentiment has hit its lowest point since October 2014. This decline can be traced to “less favorable prospects” for the national economy. While this may tie into a “bout of uncertainty” with the upcoming presidential election, half of consumers are still expecting an economic downturn over the next five years.

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