shopper approved

    JM Bullion Gold and Silver Market Update (2/5/13)

    Posted on February 05, 2013


    Gold Spot Price Open: $1,674

    Gold Spot Price Close: $1,674

    Change in Gold Spot Price: No Change

    Silver Spot Price Open: $31.74

    Silver Spot Price Close: $31.87

    Change in Silver Spot Price:+$0.13

    While gold and silver saw little to no change, Tuesday brought with it signs of improving economies all over the world. At the end of the day gold remained stagnant, reporting little to no change while silver was up about 13 cents.

    As US markets opened Tuesday morning gold was looking like it was picking up speed, but just as soon as it gained momentum it retracted. Some interesting news on the day was that UK, US, and Chinese all saw a spike in service industries which leads more and more people to believe that 2013 may not be such a bad year after all.

    After falling a bit yesterday, both the euro and European stocks rebounded a bit and finished the day in a stronger position. All of this is despite the fact that government scandal is just beginning to rock the boat in Spain. In addition to uneasiness in regards to Spain, investors are also wary of Italy as elections are swiftly approaching.

    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.