The price of silver chart indicates the white metal started the week at $16.30 on Monday, and stayed in a narrow range before closing at $16.16. The first quote on Tuesday was $16.07 and the close was $16.13, with little movement while the U.S. markets were closed for the Fourth of July. Silver prices on Wednesday opened… Read more »
Gold prices opened at $1,228.12 on Monday, and a period of selling took them to $1,220.10 before buying brought them back up to $1,222.47 by the close. While that buying continued in afterhours trading, selling just before the Tuesday open on the global markets saw the bid hit $1,222.74. Light activity did little to change… Read more »
Paper currencies have come and gone through the ages but gold has always maintained its value. While cultures have cherished gold for its beauty and viewed it as a symbol of wealth, investors today buy gold to diversify their portfolios, as a hedge against inflation, and for protection against currency devaluation. It’s widely accepted that… Read more »
Last Monday, live silver prices started with an opening bid of $16.60 and light trading kept the price in a narrow range before closing at $16.57. Solid buying in aftermarket activity moved the price up to a Tuesday open of $16.64, while ongoing momentum carried the closing bid to $16.70. The same buying trend after the market… Read more »
The gold price chart reported a Monday opening of $1,243.80, which light trading took to $1,244.72 by the close. Steady aftermarket buying produced a hefty rise to the Tuesday opening bid of $1,250.47 before light selling ended in a closing price of $1,247.19. The price of gold hit the week’s high above the psychologically important $1,250 in… Read more »
Cycles of business growth and contraction are an integral part of the free market. One of the goals of the Federal Reserve System is to minimize the impact of these market swings, but there is no way to eliminate such cycles. In fact, some analysts fear that the Federal Reserve continues attempts to control the economy… Read more »
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