Daily Spot Price Update 6/14/2017

Metal Open Close Change
Gold $1271.47 $1266.51 $4.96
Silver $16.98 $17.08 +$0.10
Platinum $937.25 $944.20 +$6.95
Palladium $885.75 $869.25 $16.50

Summary

Gold and silver moved slightly on 6/13, while platinum and especially palladium saw more significant changes.

Fed Interest Hike

Gold began climbing Wednesday morning, ahead of the Federal Reserve’s interest hike announced in the afternoon. It was the second increase made by the Fed this year. However, after soft economic and jobs reports, the Fed may adopt a less aggressive policy going forward.

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