Precious Metals Market Update: April 19

Precious Metal Market Update: April 19

Gold Spot Price Open: $1,295

Gold Spot Price Close: $1,283

Change in Gold Spot Price: -$12

Silver Spot Price Open: $18.45

Silver Spot Price Close: $18.13

Change in Silver Spot Price: -$0.32

With tensions between the U.S. and Syria settling down and worries of a war with North Korea diminishing, precious metals have sustained a significant hit. In the past week, jmbullion.com reported that many investors have cashed in on their recent investment gains while the dollar has rebounded from a 3-week low. In addition to the spot value losses for gold and silver, the stock market has been gaining steady steam. The USD Index and major US stock indexes both made solid gains this week due to easing political tensions. This combination of factors has made for a rough week for precious metal values.

Investing in gold and silver during this time of political and economic upheaval would be a wise decision. With prices low and risk minimal, buying into precious metals is a safe, tangible investment.