Price of Gold Weekly Recap: July 3 – July 7, 2017

Posted filed under Gold Price News.

gold price recap

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 »

Understanding How Gold Prices Are Determined

Posted filed under Consultants Corner.

how gold prices are determined

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 »

Price of Silver Weekly Recap: June 26 – June 30, 2017  

Posted filed under Silver Price News.

silver price recap

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 »

Price of Gold Weekly Recap: June 26 – June 30, 2017

Posted filed under Gold Price News.

gold price recap

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 »

The Next Recession: Is A US Recession Coming in 2017?

Posted filed under Consultants Corner.

next recession coming

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 »

Price of Silver Weekly Recap: June 19 – June 23, 2017  

Posted filed under Silver Price News.

silver price recap

The silver market reflected strong underlying strength this week in overcoming short-term speculators. This is in part due to economic factors. Monday opened at $16.57, and light selling sent silver prices to $16.51 at the close. The opening bell bid on Tuesday was $16.43, which buying brought to a close of $16.51. Aftermarket selling resulted in a… Read more »