Daily Spot Price Update 7/28/2017

Metal Open Close Change
Gold $1259.56 $1271.00 + $11.44
Silver $16.60 $16.77 +$0.17
Platinum $930.80 $939.00 +$8.20
Palladium $877.83 $883.00 +$5.17

Summary

All metals increased in value on 7/28.

Economic Growth During Second Quarter

New data shows that the US economy grew by 2.6 percent during 2017’s second quarter, which spans from April to June. This is an improvement upon the year’s first quarter, which only saw a 1.2 percent growth. The second quarter’s gains are in line with what was expected by economists. This growth is attributed to stronger consumer spending and increased federal government spending.

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