Another week passed, and the metals’ performance was odd to say the least. Perhaps many factors played a role including the month-end economic news, domestically and globally.
Top of the list is gold:
Next, we have silver:
The expensive, white metal, platinum, is next:
The interesting alternative, palladium, ends the list:
Just look at those charts. Gold and silver have peaks and gorges like the Himalayas whereas platinum and palladium appear more like the Appalachian Mountain chain with more gentle foothills and curved valleys.
In numbers, let’s review the metals’ last 30 days’ performance:
|30 day high||30 day low||Jul 9 Last||Difference between
High and Low
Next, let’s compare the end of last week to the end of this week:
|Jul 2 Last||Jul 9 Last||Percent Change||Dollar
For the most part, gold and silver hold the most attention in numismatic and investment circles.
Isn’t it interesting that gold really did not change much – a whole, whopping ten cents – from end-of-week to end-of-week. However, when you view the chart, gold did stumble significantly during the week. Silver held its own and didn’t follow quite the same path as gold.
The most intriguing precious metal continues to be palladium. It has the greatest difference, percentage-wise, between its high and low for the last 30 days. But, palladium also enjoyed the largest growth percentage during the week.
The precious metals and their performances remain a fascinating indicator of economic ups and downs.
Plus, some economists claim that due to the economic misfortunes gold will soon take off, maybe even as high as $5000 to $10,000 an ounce. Will it, really, get that high? Who knows…too many variables impact the metals’ values these days.
In the meantime, watch, learn and invest based on your own research.