The week ended down from last week’s closing numbers. But, during the week, the rates went up and down and way down then back up to do a little dance at the end.
One could drive themselves nuts by continuously watching the metals market. We’ll just calmly take a peek a time or two and show you the metals’ performance at the week’s end.
First, there’s gold:
Next comes silver:
Bringing up the rear, palladium:
Gold reached a new high this week with silver and palladium reaching near-term highs before losing significant ground on the gains. Platinum hasn’t quite made it back up to the high points at the beginning of the 30 days, not to mention its five-year high of $2252.
Let’s look at the week’s end tables.
|30 day high||30 day low||Dec 10 Last||Difference between
High and Low
At least the week ended higher than the lowest point for the 30 days. Look at the significant swings between the highs and lows for silver and palladium.
Now, let’s compare the closing numbers for week’s end over week’s end:
|Dec 3 Last||Dec 10 Last||Percent Change||Dollar
The values definitely dropped, but it could be worse. During a couple of the days, the metals’ values dropped much lower than the 30 day lowest value. The high and low values are taken at the close and do not reflect all of the turmoil of the buying and selling during the day.
The economic and political news continue to impact the market along with the various financial entitities with large metal holdings that want to control the market.
The coming week could (and probably will) be another volatile week.
If you watch the markets closely, do some neck exercises. You’ll want to be prepared to be a human bobble head!