Daily Spot Price Update 5/31/2017

Metal Open Close Change
Gold $1261.68 $1270.75 + $9.07
Silver $17.34 $17.41 +$0.07
Platinum $945.50 $952.70 +$7.20
Palladium $810.83 $822.00 +$11.17

Summary

All metals increased in value on 5/31.

No Boom for Coal

There’s been a lot of talk from Trump and his administration about lifting regulations to bring back coal mining jobs and breathe fresh life into the coal industry. Though data from the Labor Department shows that 43,000 mining jobs have been added since October, the mining category includes jobs in oil and gas extraction. Only 1,300 of the 43,000 jobs were added at coal mines. However, Trump has also signed orders to help boost the production of natural gas, which is cheaper and cleaner than coal.

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