Daily Spot Price Update 8/1/2017

Metal Open Close Change
Gold $1271.63 $1268.05 $3.58
Silver $16.91 $16.71 $0.20
Platinum $946.10 $949.10 +$3.00
Palladium $892.38 $896.00 +$3.62

Summary

Gold and silver dipped on 8/1, while platinum and palladium increased slightly.

Oil Market

On Monday, crude oil rose above $50 per barrel, a milestone that marked the first time since May that oil traded that high. Just five weeks ago, oil sunk as low as $42 per barrel. The commodity is up nearly 16 percent since then. This has been oil’s biggest weekly rally in almost a year.

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