Price of Silver Weekly Recap: April 3 – April 7, 2017

Posted filed under Silver Price News.

silver price recap

Silver trading started Monday morning with a strong opening of $18.21, and this momentum continued throughout the day, which closed up six cents. The spot silver price chart reported that the white metal was selling for $18.34 an ounce early Tuesday. The market then settled in for two days of consolidation with light volume, seeing… Read more »

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

Posted filed under Gold Price News.

gold price recap

Gold prices opened on Monday at $1,247.85, and steady buying moved prices to $1,255.69 by closing. After-hours activity moved the quote to $1,260.11 before opening Tuesday at $1,257.03. Trading stayed in about a two-dollar range until after the close, when continuous but light selling took the price to a Wednesday opening of $1,245.72. The spot… Read more »

Gold Investments Now Sharia Law Compliant Under New Standard

Posted filed under Gold Price News.

sharia law gold investments

Late 2016 marked a turning point in the world of investing in gold, as changes in Islamic Religious Law (Sharia Law) opened the market to 25 percent of the global population. Historically, gold has been the preferred tool of wealth preservation of Muslims; however, fragmented and confusing interpretations of Sharia Law prevented many from investing… Read more »

Rising Interest Rates & Gold

Posted filed under Consultants Corner.

gold bullion

The recent action by the Fed’s Open Market Committee to raise interest rates created what some see as a surprising boost to gold prices. 1 The price increase was unexpected because rising interest rates typically place downward pressure on the price of the yellow metal, which does not pay dividends or periodic interest like other assets…. Read more »

Price of Silver Weekly Recap: March 27 – March 31, 2017

Posted filed under Silver Price News.

silver price recap

Silver attracted steady buying throughout the week, which was marked by successive highs for the precious metal. The spot silver price chart showed silver six cents above the $18 mark early Monday, and a daily high of $18.11 was notched in by midafternoon. Tuesday’s trading easily came back from after-hours profit taking to set another high… Read more »

Price of Gold Weekly Recap: March 27 – March 31, 2017

Posted filed under Gold Price News.

gold price recap

Gold prices saw a solid start of $1,257.82 on Monday. Selling caused the yellow metal to open just three cents below the Monday price at $1,257.79 on Tuesday. The cycle continued into Wednesday morning, when the spot gold price chart reported $1,253.33 following a dip during after-hours trading. A narrow range of light trading kept… Read more »