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.

Wednesday, April 16, 2014

Yesterday was tax day and gold prices tumbled significantly to as low as 1284.40 for June futures.

Yesterday was tax day and gold prices tumbled significantly to as low as 1284.40 for June futures. A year from yesterday prices were down roughly 9%. Headlines in China about 1,000 tonnes of AU being tied in financing spooked the markets pulling down prices for AU, AG, PT, and PD throughout the day. According to the World Gold Council, the Chinese markets have an appetite for physical AU such as bars and coins as a form of savings and thus, demand will most likely increase by 19% when we enter 2017. Chinese GDP hit a 2 year low of 7.4%, but was still above expectations of 7.3%. Palladium prices were down yesterday with June futures trading as low as 786.50. The PD sponge situation remains the same as people continue to hoard the metal. Building Permits figure for March is .990M vs. February’s result of 1.014M. The Federal Reserve’s Beige Book report will be released at 2:00 pm today. Have a lovely day.
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