Daily Spot Price Update 6/21/2017

Metal Open Close Change
Gold $1248.49 $1253.95 + $5.46
Silver $16.61 $16.67 +$0.06
Platinum $928.25 $936.75 +$8.50
Palladium $877.30 $890.50 +$13.20

Summary

All metals increased in value on 6/21.

Solar Energy is Gaining Momentum

One of the big promises Trump made was to put coal miners back to work, which he further addressed by pulling out of the Paris climate accord. However, the coal industry faces some major challenges with competitors in the clean energy industry, especially solar energy. More individuals and businesses are installing solar panels, causing more electric companies to dump coal. And renewable energy costs are forecasted to continue dropping as more is invested into the industry. By 2040, US power sourced from renewable energy to set to skyrocket by 169 percent, while coal power is set to plunge by 51 percent.

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