Daily Spot Price Update 12/16/2016

Metal Open Close Change
Gold $1131.80 $1135.78 + $3.98
Silver $16.11 $16.16 + $0.05
Platinum $909.00 $932.50 + $23.50
Palladium $703.68 $699.00 – $4.68

Summary

Palladium decreased slightly on 12/16, while all other metals saw an increase.

Gold Still Falling

Since the election, gold has fallen by 11 percent. The metal rallied over the summer, but this latest dip has it set to finish the year at a loss. If so, it would mark the fourth straight year that gold has logged a loss, which hasn’t happened since the early 1990s. With the dollar on the rise, the market is embracing more risk. Gold is favored as a safe haven investment and often falls when the dollar grows.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s