Spot prices

Westminster Mint provides free real time price quotes on gold, silver, platinum and palladium. People interested in the precious metals market can follow the prices and see trends develop 24/7 on the world market by using our free current and historic price charts and graphs. Track your holding and measure how you are performing against other commodities and stock market indexes such as the Dow Jones, S&P 500, S&P Euro currency, Crude Oil and the U.S. Dollar. You get access to exactly what you need to know-when you need to know free and in real time.

Monday, February 4, 2013

Gold and silver are going through a bout of profit taking following last week’s run

Gold and silver are going through a bout of profit taking following last week’s run-up on the back of poor GDP data and an unemployment rate that went in the wrong direction despite modest additions to U.S. payrolls. The yellow metal closed Friday’s session at $1669 and silver closed at $31.958 as government data showed merely 157,000 jobs were added to the economy and the unemployment rate actually moved up to 7.9%. Both metals are in negative territory this morning but should find some cushion as Fed thresholds for ending QE remain far out of reach, keeping the safe-havens in play. Platinum broke through $1700 overnight, topping out at $1709 ahead of Amplats release of 2012 earnings. It was no surprise that 2012 was a difficult year for the world’s #1 producer of platinum and with no unexpected news the platinum rally lost steams with the white metal now trading below $1700, now at $1698.5, but still more than .5% up on the day. Have a great day!

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