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    JM Bullion Gold and Silver Market Update (2/25/14)

    Gold Spot Price Open: $1,337

    Gold Spot Price Close: $1,346

    Change in Gold Spot Price: +$9

    Silver Spot Price Open: $22.10

    Silver Spot Price Close: $22.00

    Change in Silver Spot Price: -$0.10

    Gold and silver experienced mixed results on Tuesday, gold finishing up while silver posted marginal losses. When all was said and done, gold gained  little less than ten dollars while silver’s spot value declined by about a dime.

    There was a small offering of US economy data today, including the latest consumer confidence reading, home prices index, and the Richmond Federal business survey. Much to the chagrin of many investors, however, the data released today all came in on the weaker side. This most recent bout of sub-par US economic data lends credence to the notion that the Fed may hold back on intensifying tapering at their upcoming meeting. Though the latest Fed minutes made it clear that tapering is something that needs to happen this year, most market experts agree that the FOMC may be forcing such severe tapering on the US economy prematurely. As most investors are aware, the longer QE sticks around, the longer gold and silver will be looked at in a positive light.

    In other news from around the world, the civil unrest in Ukraine is continuing to threaten the stability of the large Eastern European nation. Though many people are concerned as to who will take the reigns of Ukraine, the more immediate issue is with regard to how the nation is going to pass this test from an economic standpoint. Currently, the unrest in Ukraine and Thailand is fueling safe-haven demand for gold and silver, which is at its highest point in months and has been a major contributor to metals’ most recent rally.

    Chinese stocks were pressured during the early morning hours due to a decision by their central bank to tighten monetary policy temporarily. We will continue to monitor the Chinese central bank’s decision in order to see if it ends up having any major impact precious metals.

    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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