Morning Precious Metals Update: Halloween Edition - Gainesville Coins News
No Minimum order! We accept Pay with Credit Card
Call Us: (813) 482-9300 Mon-Fri 9:00AM-6:00PM EST
Login or Register
Log into your account
About Gainesville Coins ®
Billions Of Dollars Bought And Sold A+ BBB Rating 10+ Years No Hidden Fees Or Commissions All Inventory Ships Directly From Our Vault

Morning Precious Metals Update: Halloween Edition

blog | Published On by
Morning Precious Metals Update: Halloween Edition

Yay, Wall St. lives! (I guess.) We're likely to see a jump into positive territory, at least initially, as people catch up from missing two days of trading. Spot gold took a quick dip at the opening bell, but quickly came back to flirt around the $1,720/oz. mark this morning.  Silver is still in its new comfort zone between $32 and $32.50 an ounce.  The U.S. dollar is pulling back from a 6-week high, helping gold prices. With today being the last trading day of the month, combined with the pent-up demand from the markets being closed two days, volume is likely to be high.  It will be interesting to see how this delayed demand interacts with the impulse for investors to have a "wait and see" attitude ahead of Friday's U.S. jobs report.  The economic news out of Europe yesterday was less than rosy, helping precious metals prices overseas. I expect the muddled signs will begin to clear by the end of this atypical week in the markets.

-by David Peterson

This site uses cookies for analytics and to deliver personalized content. By continuing to browse our site, you agree that you have read and understand our Privacy Policy.