Bullion & Business Weekend Report – April 19

by CoinNews.net on April 19, 2008 · 1 comment

Silver and platinum moved upward on the London Fix for Monday through Friday with a gain of $0.73 and $77 respectively. Silver closed Friday at $18.18 an ounce and platinum at $2,026 an ounce.

Weekend Recap: Silver, Gold and Platinum Prices; Business Week NewsGold, on the other hand, lost $9 to close Friday at $928 an ounce.

 

Gold was “heavily weighed down by an initial retreat in crude oil and the dollar’s rapid ascent,” said Jon Nadler, analyst with Kitco Bullion Dealers.

 

Comparing Friday to Friday numbers shows a bullion market with several swings, but less total value movement — silver higher by just $0.23, gold down by $19 and platinum up by just $7.

The silver, gold and platinum weekly charts and comparisons from last week are below. A video article entitled Cashing in by selling gold, a Reuters business week wrap up video and two related articles links are included as well.

CoinNews London Fix Charts: Silver, Gold and Platinum
(April 14-18)



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
 
4.2%
$0.73
$18.18
Gold
 
X
-1.0%
-$9
$909
Platinum
X
 
4.0%
$77
$2,026

Week change numbers are for Monday-Friday.

London Fix: previous week figures

 
Up
Down
Week % Change
Week $ Change
Friday Close
Silver
 
X
-0.06%
-$0.01
$17.95
Gold
X
 
1.43%
$13
$928
Platinum
 
X
-0.20%
-$4
$2,019

Week change numbers are for Monday-Friday.

Bullion and business related articles for the week

In related news, interesting or quick-read articles:

Cashing in by selling gold

As gold edges above $950 an ounce, European consumers are cashing in by selling off their old gold jewellery. Since gold hit a record high of $1000 an ounce, jewellers across Europe say they’ve seen an influx of customers selling rather than buying. But with nine carat being worth only a third of the spot gold price, some sellers may be disappointed when they don’t get the full market price for their old gold. Joanna Partridge reports

Business week overview and wrap-up by Reuters News

The three major US indexes:

  • The Dow gained 228.87 points to close at 12,849.36 Friday. It lost 4.3% for the week.

  • The S&P 500 gained 24.77 points Friday to close at 1,390.33.

  • The Nasdaq gained 61.14 points Friday to finish at 2,402.97. It lost 4.9% for the week.

The Reuters video recaps the business week.


 

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{ 1 comment… read it below or add one }

Koichi Ito April 20, 2008 at 9:08 am

All precious metals is still in demand. It remain the same U.S. Dollar is not safe investment even recent rallies. Please sell them and buy precious metals as well as rare coins! Low price now is bargain! This might be the last chance to invest in precious metals since price might resume it rise sooner or later!

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