Daily Spot Price Update 3/31/2017

Metal Open Close Change
Gold $1243.24 $1250.88 + $7.64
Silver $18.14 $18.32 + $0.18
Platinum $952.85 $955.00 + $2.15
Palladium $797.00 $800.50 + $3.50

Summary

All metals saw a small increase on 3/31.

A Healthy First Economic Quarter

Major indexes are wrapping up the first quarter on a positive note. The Dow gained almost 5 percent and hit the 21,000 level for the first time. The Nasdaq is set to see a 10 percent increase, which marks its best quarter since 2013. Following the failure of the recent healthcare plan, investors and other industry professionals have had concerns about the Trump administration’s ability to push through their intended tax reform and other legislation goals. This uncertainty sent the Dow into an eight-day losing streak, but the market has since stabilized. Some strategists are predicting much higher volatility in the near future, considering our unconventional president and his rocky start in the White House.

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