This week’s metals’ performance includes some climbing, some falling and some sawteeth. (Note: the charts go through Thursday.)
First, there’s gold:
Silver is next:
Then, there’s platinum:
Last, there’s palladium:
Let’s look at how the week ended and the highs and lows for the last 30 days:
|30 day high||30 day low||Jul 23 Last||Difference between
High and Low
Now, let’s compare the end of last week to the end of this week. Are we up or down?
|Jul 16 Last||Jul 23 Last||Percent Change||Dollar
Several commentaries end the week about the bank stress tests and the performance of gold:
Markets gain but euro, gold off after stress tests (Financial Post)
Gold ends down, tests fail to spur safe-haven buys (MarketWatch)
Bullion buyers bank on gold coins (MarketWatch)
As for platinum and palladium, they claim that an increase in auto sales have improved their values.
Palladium, platinum rise on improving auto sales (Associated Press)
It’s interesting and entertaining to read Kitco’s news headlines over the day. Without even reading the articles, you can see the rise and fall of the metals as the day progresses.
Next week should prove to be interesting as well. Will the metals climb, go sideways or fall? Who knows. Their performance can be fun or disconcerting to watch. Hang on, the ride could be bumpy.