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

Posted filed under Gold Price News.

gold price recap

The price of gold opened at $1,264.94 on Monday and closed at $1,256.60. Tuesday saw gold prices that fluctuated little from their $1,254.60 open. The gold spot price chart reported that the yellow metal was selling for $1,249.78 on Wednesday morning before closing at $1,238.00. Thursday’s trading followed a similar pattern to Tuesday’s, with gold… Read more »

World Gold Council: Gold Market Outlook 2017

Posted filed under Gold Price News.

world gold council outlook 2017 Those seeking to secure the value of their portfolios may be wondering, “Is gold a good investment?” A recent report by the World Gold Council titled “Outlook 2017,” suggests the strong demand for gold in 2016 will continue through the end of 2017. The report provides analysis of the global and economic trends that will… Read more »

Price of Silver Weekly Recap: April 24 – April 28, 2017

Posted filed under Silver Price News.

silver price recap

After starting strong on Monday with an opening price of $17.75, silver peaked for the week at the close with a $17.98 quote. The spot silver price chart reported $17.70 on Tuesday morning and $17.63 by the end of the day. After opening at $17.50 on Wednesday morning, silver traded within the range of a… Read more »

Price of Gold Weekly Recap: April 24 – April 28, 2017

Posted filed under Gold Price News.

gold price recap

Opening at $1,269.44 on Monday, buyers steadily bid up the price per ounce of gold to a close of $1,277.53. This would prove to be the high for the week as after-market selling took the quote to an opening of $1,267.53 on Tuesday. Amid analysis that far-right candidate Marine Le Pen is unlikely to win… Read more »

Demand for Gold in India to Increase

Posted filed under Gold Price News.

indian demand for gold up

India is one of the world’s primary gold buyers. Culturally and financially the yellow metal is a key part of the people’s psyche, and India often ranks at the top of all nations in imports of gold. 1 While the government’s demonetization policy caused a decrease in gold buying last year, analysts expect gold demand… Read more »

Texas Revolution: SB 2097 Would Make Gold & Silver Legal Tender

Posted filed under Gold and Silver News.

texas flag gold bullion

Joining a movement that is gaining in popularity in numerous states, Texas legislators are considering a measure that would take significant power away from the Federal Reserve. They’ve introduced a bill that would establish the status of gold and silver as legal tender in the state: SB 2097. 1 If passed, the legislation would make… Read more »