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    JM Bullion Gold and Silver Market Update (12/3/12)

    Gold Spot Price Open: $1,715

    Gold Spot Price Close: $1,718

    Change in Gold Spot Price:+$3

    Silver Spot Price Open: $33.44

    Silver Spot Price Close: $33.71

    Change in Silver Spot Price:+$0.27

    Monday was a relief for many investors as we witnessed an increase in both gold and silver after the large liquidations of the metals late last week. Silver picked up nearly 30 cents while gold moved up roughly 3 dollars, modest gains but gains nonetheless.

    More good news for precious metals as Greece’s bailout funds have been approved and will be available for use shortly. Greece agreeing to buy up some of their own debt means that the rest of Europe does not need to drain their excess resources in order to support a failing nation.

    All in all it seems as if economies across Europe, Asia, and North America are beginning to show signs of growth which is good news considering the state of the global economy over the past few years. Of course the US still has a big speed bump to get over before the spotlight can be taken off them, but it is reaching crunch time and the fiscal cliff is inching closer and closer with each passing day meaning an agreement has to be reached shortly.

    Disclaimer: All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice.

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