Bullion & Business Weekend Report – April 5

by CoinNews.net on April 5, 2008 · 1 comment

There still seems to be an undercurrent of "positive expectations" that precious metals will eventually head to new peaks. But not this week. Weekend Recap: Silver, Gold and Platinum Prices; Business Week NewsSilver, gold and platinum all dipped.

The largest shake-up happened on Tuesday with gold falling to a two-month low and below $900 an ounce. Silver and Platinum followed the yellow metal. In the end, bullion rebounded ever so slightly after Tuesday but not enough to turn their gains to an overall positive week.

The London Fix Monday through Friday numbers show silver down by $0.54, gold by $32 and platinum by $43.

The silver, gold and platinum weekly charts and comparisons from last week are below. A Reuters business week wrap up video and three related articles links are included as well.

CoinNews London Fix Charts: Silver, Gold and Platinum
(March 31- April 4)



The London Fix is one of the most used bullion quotes around the world. The London AM fix for gold and platinum begins at 10:30am GMT (5:30am in New York), and the PM fix begins at 3pm GMT (10am in New York). The London Fix for silver begins each business day at 12pm GMT (7am in New York).

London Fix figures: percent and dollar change after Friday’s close

 
Up
Down
Week % Change
Week $ Change
Friday Close
Silver
 
X
-3.0%
-$0.54
$17.45
Gold
 
X
-3.4%
-$32
$906
Platinum
 
X
-2.1%
-$43
$1,989

Week change numbers are for Monday-Friday.

London Fix: previous week figures

 
Up
Down
Week % Change
Week $ Change
Friday Close
Silver
X
 
4.5%
$0.79
$18.36
Gold
X
 
0.4%
$3.60
$934
Platinum
X
 
3.8%
$72.00
$1,990

Week change numbers are for Tuesday-Friday (holiday shortened week)

Bullion and business related articles for the week

In related news, interesting or quick-read articles:

Business week overview and wrap-up by Reuters News

The three major US indexes:

  • The Dow lost 16.61 points to close at 12,609.42 Friday. It gained 3.2% for the week.

  • The S&P 500 gained 1.09 points Friday to close at 1,370.40.

  • The Nasdaq rose 7.68 points Friday to finish at 2,370.98. It gained 4.2% for the week.

The Reuters video recaps the business week.

 

CoinNews bullion and finance related collector tools

Bullion and finance tools that may interest you:

{ 1 comment… read it below or add one }

Koichi Ito April 6, 2008 at 2:03 am

We just had borring week on precious metals market another down week. But next week we will have better week the price will rise back up again! Supply of Silver, Gold, Platinum, and Palladium is limited! The demand is rising every day! This means more up day for market to come!

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