Daily Spot Price Update 11/4/2016

Metal Open Close Change
Gold $1300.15 $1306.00 + $5.85
Silver $18.29 $18.49 + $0.20
Platinum $999.30 $1006.00 + $6.70
Palladium $625.38 $629.00 + $3.62

Summary

All metals rose in value on 11/4, with platinum increasing the most substantially.

Gold Remains at a Near One-Month High

Gold has been climbing over the past week, setting up bullion for its third weekly gain. This demand is due to people seeking a safe haven for their finances preceding both the presidential election and expectations of higher US interest rates. This is the longest gold has held a gaining streak since July when the UK Brexit vote took place.

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