Bullion & Business Weekend Report
Gold and platinum dazzled this week and closed Friday at all-time highs. Bullion prices were spurred along by the Fed’s emergency rate reduction last Tuesday, the expectations of further cuts in their next meeting on Wednesday, the dollar’s weakness, solid oil prices and the closing of South African mines on Friday due to a power crisis.
At a glance London Fix numbers after Friday’s close:
|
Up
|
Down
|
Week % Change
|
Week $ Change
|
Friday Close
|
|
| Silver |
X
|
4.8%
|
$0.76
|
$16.53
|
|
| Gold |
X
|
5.0%
|
$44
|
$918
|
|
| Platinum |
X
|
8.7%
|
$134
|
$1,681
|
The silver, gold and platinum weekly charts are below as well as the business week wrap up video, an interesting video regarding gold and platinum from a Midas Fund Manager and three related articles.
