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Gold and Silver “Technical Scoop”

ByVictoria

Another day, another record for gold. Gold is a go-to safe haven in times of economic uncertainty, geopolitical tensions, and loss of faith in governments. The result was a 3.0% gain for gold this past week and a close at the magical $3,000.

Other precious metals rose this past week. Silver was up 4.9%, while platinum gained 4.8% and is back over $1,000. Near precious metals saw palladium up 1.9% and copper gaining 4.0% as it marches towards $5.00.

Source – Silver Seek

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    Democratic Republic of Congo proving to be a good investment for China

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    Gold is turning jewelers to platinum

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    Prices of platinum, a white precious metal, have rallied over 30% this year to date, with spot prices currently around $1,200 per ounce. Spot gold prices are around 27% higher over the same period.

    “Rising gold prices are incentivising jewellers to diversify, in what represents a change to historical patterns.”

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