Today completes another interesting week on the metals market. But, before we take a look at the charts and tables, for fun, let’s drool over a 2009 Ultra High Relief Double Eagle Gold Coin.
The first picture shows the obverse with Lady Liberty, her head held high and her shoulders back, boldly stepping forward while holding a torch in her right hand and an olive branch in her left.
On the reverse, the proud eagle looks as if his wings could carry him off the coin as he flies in the early morning sunlight.
Pretty and impressive…
Now, let’s look at this week’s metals. First, there’s gold:
Silver is next:
Bringing up the rear is palladium:
What a day for the metals at week’s end.
Gold increased over $1320 just before noon eastern time and dropped back slightly to end the week at $1318.60. Also just prior to noon, silver almost hit $22.15 but dropped back a few pennies to close the day at $22.09.
Just after 8:00 am, platinum topped $1685, then ended the day at $1675. Similarly, palladium reached its high today just after 8am at not quite $580, but it settled back to end the New York market at $573.
Not too shabby…
Now, let’s look at the tables showing the 30 day highs and lows with the corresponding New York closing bell market numbers.
|30 day high||30 day low||Oct 1 Last||Difference between
High and Low
All of the metals – except palladium – ended the week higher than their previous 30 day high.
Comparing this week’s market close to last Friday’s close proves interesting too.
|Sep 24 Last||Oct 1 Last||Percent Change||Dollar
Platinum, the largest price, increased the most in actual dollars with gold not far behind, but silver and palladium increased the most in percentages.
The next few weeks will be interesting on the domestic and global economic fronts. The business media claims the dollar is weakening in value in comparison to other currencies. Plus, rumors began that the Federal Reserve will take action soon if the economy does not improve.
Even though gold has not been consistently performing opposite the dollar as it has historically (for example, when the dollar weakens, gold strengthens and vice versa), changes in the world market can impact the metals.
The metals continue to entertain week after week. Next week promises to bring more market excitement.