Daily Spot Price Update 7/11/2017

Metal Open Close Change
Gold $1213.81 $1221.43 + $7.62
Silver $15.64 $15.97 +$0.33
Platinum $904.25 $911.00 +$6.75
Palladium $846.90 $859.15 +$12.25


All metals increased in value on 7/11.

A Possible Comeback for Gold

On Monday, gold hit the lowest level since mid-March. The Fed increasing interest rates has weighed on the price of gold as the dollar is getting a boost. However, some industry professionals anticipate gold prices to recover as inflation remains elevated. This is because investors turn to gold to hedge against inflation.


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