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    JM Bullion Gold and Silver Market Update (2/13/13)

    Posted on February 13, 2013


    Gold Spot Price Open: $1,650

    Gold Spot Price Close: $1,644

    Change in Gold Spot Price: -$6

    Silver Spot Price Open: $31.04

    Silver Spot Price Close: $30.82

    Change in Silver Spot Price:-$0.22

    After yet another day of news that had little impact on precious metals, gold and silver both finish the day in disappointing fashion. At the end of the day gold was down about 6 dollars while silver slipped 3 cents shy of a quarter.

    The day is different but the news is the same, a celebrating China in conjunction with nearly every investor awaiting Friday’s G20 meeting means that gold and silver moved down, even if only slightly. The only thing that may have caused precious metals’ continued decline could be a stronger US dollar on Wednesday. As always, whenever the dollar does well precious metals tend to act in the opposite way and today was no different.

    Stay tuned for what will hopefully turn into an exciting end to this week.

    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.