Gold Prices Today Jump 1.6%
Cassie Bastien
2/16/2018 10:38:37 AM
Daily Gold & Silver Market Report – 02/16/2018
CNBC Reporter Thomas Franck says Gold appears "as an attractive option for investors looking to protect themselves from the eroding effects of inflation." In fact, Chris Gaffney, president of EverBank World Markets,agrees, saying, "We think that it is a good time to own the Precious Metals." In times of market turmoil, Gaffney feels people look for an alternative that can hold value, which leads them to tangible Gold and Silver. During periods of rising inflation, physical Gold typically performs better since investors find Precious Metals as a place of storing their assets.
It’s Time to Get Serious about Silver
A report by SilverSeek says there is a huge opportunity for Silver right in front of us and many smart investors are taking advantage of it as inflation starts to take over market news. The report says there is plenty of opportunity in the now-bull market, rather than investing in the lower-than-normal stock market. And while Silver is typically the last to respond, many Precious Metals buyers and traders are noticing the advancement within the Silver price charts.
Palladium Prices Set Up for Best Week since October 2017
Spot price Palladium is up nearly 5 percent for the week, its best since October 2017. Precious Metals investors are very interested in Palladium metal as it holds both a precious tangible asset and also an investment metal used within the industrial market. Meanwhile, Platinum spot made some minor gains rising 0.8 percent after dropping from its high of $1,009.80 per ounce on January 29, (Reuters.com).
At 11:38 a.m. (ET), the APMEX Precious Metals spot prices were:
- Gold, $1,357.10 Up $1.80
- Silver, $16.85 Down $0.07
- Platinum, $1,013.80 Up $22.70
- Palladium, $1,042.50 Up $27.90
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APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies
