Gold Spot Price Open: $1,730
Gold Spot Price Close: $1,750
Change in Gold Spot Price: +20
Silver Spot Price Open: $33.38
Silver Spot Price Close: $34.23
Change in Silver Spot Price:+$0.85
The day after Americans celebrated Thanksgiving was a great one for both gold and silver as gold picked up about 20 dollars and silver increased its value by almost a single dollar.
Today, the dollar’s value was weakened a little bit by a variety of other currencies but especially the euro. As you might have already gathered, the decline of the dollar’s value means only good things for the price of gold.
The focus, as it has been for the last few days, is set on Greece and how other European powers will delegate how much and when they will receive their bailout money. Eyes are still fixated on the fiscal cliff but as the Greece issue becomes more and more vital to figure out, the fiscal cliff is being put on the relative back burner.
As we move into the beginning of next week, the main focus will be on Europe where the euro has been picking up in the midst of Greece’s impending collapse. Many wonder if the euro will continue to flourish if the combined situations in Greece and Spain are not figured out sometime soon.
