Gold Spot Price Open: $1,717
Gold Spot Price Close: $1,719
Change in Gold Spot Price:+$2
Silver Spot Price Open: $32.14
Silver Spot Price Close: $31.85
Change in Silver Spot Price:-$0.29
Gold and silver remained relatively stagnant on Wednesday, a day after Barack Obama was re-elected for the presidency of the United States. Gold was up only 2 dollars while silver slipped about 30 cents. Looking forward we can expect both gold and silver to flourish because of continued easy monetary policy and a Democrat-controlled government.
The news out of Europe is that the eurozone economy suffered an incredibly down year in 2012 and if things do not change in a hurry, the same and maybe worse, may happen in 2013. This time it isn’t only Greece that is to blame in Europe, but also the industrial sector in Germany as they have been lagging as of late.
As long as monetary policy stays the way it has been, gold and silver investors should expect a bullish market once more in the near future.
