Why Tax Cuts Could Drive Up Gold Prices

Posted filed under Gold Price News.

The lengthy title of President Donald Trump’s one-page tax reform proposal sums up the means and ends of the plan: ‘2017 Tax Reform for Economic Growth and American Jobs. The Biggest Individual and Business Tax Cut in American History.’ One of the major concerns about the proposal is the lack of details on where the… Read more »

Price of Silver Weekly Recap: May 8 – May 12, 2017

Posted filed under Silver Price News.

silver price recap

The price of silver opened at $16.29 on Monday and dipped by six cents during day trading before closing at the same price. Afterhours selling took silver prices to $16.17 by Tuesday morning, but a sharp rebound brought prices back to $16.20 at closing. Light trading followed Wednesday’s opening quote of $16.24 and the white… Read more »

Price of Gold Weekly Recap: May 8 – May 12, 2017

Posted filed under Gold Price News.

gold price recap

A week of heavy trading showed strong interest in gold. Monday opened with the price of gold at $1,229.72. Gold prices pulled back amid selling, resulting in a Tuesday opening of $1,220.24, but steady buying took the price to $1,223.46 by the close. Wednesday’s trading started just pennies higher while market participants awaited news on… Read more »

Brexit Brings More Market Volatility

Posted filed under Consultants Corner.

Last June, the citizens of the United Kingdom sent a seismic shock through the political and economic worlds when they voted to leave the European Union, a move known as Brexit. The event initially caused much market volatility and analysts predict more is one the away as the country begins the process. Questions about the fate of… Read more »

French Election: What the Outcome Means for Gold Prices

Posted filed under Consultants Corner.

macron french president

The market for gold had apparently priced in only a small chance that Marine Le Pen would win in the second round of French elections last Sunday. However, the victory of Emmanuel Macron saw gold bounce upwards in Monday trading. Futures in U.S. gold rose to $1,227.10 an ounce, a quick .02 percent increase. The… Read more »

Price of Silver Weekly Recap: May 1 – May 5, 2017

Posted filed under Silver Price News.

silver price recap

Silver was selling for $17.17 on Monday morning and $16.91 at the market’s close. After-market activity produced a Tuesday opening of $16.87 and sporadic, light trading caused the day to end with the same quote at closing. The spot silver price chart reported that Wednesday opened at $16.62 and pulled back to $16.48 by closing…. Read more »