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Precious metals prices rise sharply

by International Commercial Investment on October 21, 2013

Source: beforeitsnews

On Friday October 18, Gold was trading near one-week highs and headed for its best weekly gain in two months.

Spot gold rose 0.2 percent to US$1,321.66 an ounce by 0648 GMT, recording a near 4 percent gain for the week. .

Gold’s gains supported other precious metals, with Silver and Platinum headed for their best weekly performance in months.

Precious metals prices on Friday October 18, 2013, AT 0648 GMT.

Metal Last Change Pct chg YTD pct chg
Spot Gold 1321.66 2.57 +0.19 -21.07
Spot Silver 21.87 0.03 +0.14 -27.77
Spot Platinum 1437.74 7.84 +0.55 -6.34
Spot Palladium 738.47 -0.03 -0.00 6.72

 

In the week of October 14, Gold prices advanced 3.5 per cent and Silver a little under three percent, in the best performance for precious metal prices in two months. .

Based on this most investors are asking themselves, whether precious metals have now completed their two-year correction from the highs of 2011? .

International Commercial InvestmentPrecious metals prices rise sharply