Gold Spot Price Open: $1,712.40
Gold Spot Price Close: $1,710.40
Change in Gold Spot Price: -$2.00
Silver Spot Price Open: $32.06
Silver Spot Price Close: $31.79
Change in Silver Spot Price: -$0.27
With Hurricane Sandy bearing down on the Mid-Atlantic seaboard the New York Stock Exchange decided to remain closed Monday. Along with schools and other businesses Sandy has done a great job of slowing down the city that never sleeps and a majority of the United States’ Eastern coast. Both gold and silver were down today, gold losing roughly $2.00 and silver down about a quarter.
Today we saw little movement in the prices of both gold and silver as today marks the beginning of a week where many people hope the price of gold rebounds after a not-so stellar performance in the third quarter. As the storm clears up and the market gets back to normal we will be able to gain a more accurate assessment of whether or not gold will be able to rebound this week.