Gold Spot Price Open: $1,694
Gold Spot Price Close: $1,695
Change in Gold Spot Price:+$1
Silver Spot Price Open: $32.84
Silver Spot Price Close: $32.93
Change in Silver Spot Price:+$0.09
Today both gold and silver moved very little but what movement there was happened to be positive. Gold finished up about a dollar while silver did not even move up ten cents. US stocks were on the move upward on Wednesday which was nice to see for the first time this week and while demand for gold remained steady it did not spike enough to make for any big gains.
Chinese stocks were also on the rise as the government in China announced it was going to attempt to stimulate their own economy by proposing new construction projects. In recent months China’s recently unstoppable economy has been showing signs of slowing up so they are trying to turn that process around before they are in too deep.
The only part of the world where stocks fell today was in Europe where more bad news stemmed out of Spain and the whole of the eurozone reported diminished retail sales in the month of November. With the Christmas season upon us already there is little doubt that retail sales will pick up in December.
