Daily Spot Price Update 11/17/2016

Metal Open Close Change
Gold $1211.00 $1210.48 – $0.52
Silver $16.71 $16.65 – $0.06
Platinum $933.25 $925.50 – $7.75
Palladium $721.75 $727.50 + $5.75

Summary

Palladium saw an increase on 11/18, while other metals dipped slightly in value.

Dollars and Gold This Week

This week, gold dropped to its lowest level in over 5 months. Meanwhile, the US dollar is headed for its best rally in over 15 years against the yen. Global bonds were on track for their largest two-week loss in at least 26 years. This all happens in the aftermath of the US presidential election (and the resulting expectation of fiscal stimulus) and one month before the Federal Reserve is expected to raise interest rates.

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