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

Summary

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.

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