Another week of ups and downs for the metals. Let’s look at the graphs.
First, there’s gold:
Then, there’s the expensive, white metal, platinum:
The last is palladium:
This week, platinum and palladium dropped rather significantly on Monday, further on Tuesday and again on Wednesday. Both metals started upward on Thursday and held their own on Friday’s close. Both platinum and palladium ended the week at a lower number than last week.
Similarly, silver dropped on Monday but not as dramatically. It continued with a slight fall on Tuesday and a dramatic drop on Wednesday. On Thursday, silver began going back upward and held on to the increase at Friday’s close. However, it is still less than last Friday.
Gold performed differently this week. It dropped on Monday went back up on Tuesday then dropped again on Wednesday. Like the other metals, gold increased on Thursday, but unlike the other metals, gold finished higher than last Friday. Look at today’s close, it is within 60 cents of its 30 day high.
Here are the numbers. First, let’s look at the low and high values for the last 30 days’ performance and today’s close:
|30 day high||30 day low||Aug 13 Last||Difference between
High and Low
Next, here are the comparison numbers to last Friday’s close:
|Aug 6 Last||Aug 13 Last||Percent Change||Dollar
Once again, the pundits have many predictions. Some are positive gold will reach $1300 soon. Others claim gold will drop.
Who really knows? We’ll continue to be entertained with the weekly results.