Daily Spot Price Update 7/19/2017

Metal Open Close Change
Gold $1243.35 $1240.22 $3.13
Silver $16.33 $16.29 $0.04
Platinum $930.60 $925.75 $4.85
Palladium $867.20 $860.75 $6.45

Summary

All metals decreased in value slightly on 7/19.

The Dollar Slump

After the struggles to repeal and replace our current healthcare system, Republicans have since abandoned their latest plan to simply repeal the ACA. They didn’t have the votes to press forward. In reaction, the US dollar dropped to its lowest level since August 2016 against other major currencies. Trump ran his campaign on the promise to change our healthcare, and now industry professionals are curious to see if this administration is able to succeed with other promises like tax reform and infrastructure spending.

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