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    JM Bullion Gold and Silver Market Update (2/8/13)

    Posted on February 08, 2013


    Gold Spot Price Open: $1,671

    Gold Spot Price Close: $1,667

    Change in Gold Spot Price: -$4

    Silver Spot Price Open: $31.39

    Silver Spot Price Close: $31.45

    Change in Silver Spot Price:+$0.06

    Gold and silver both finished the week the same way they spent the whole week, relatively flat. When all was said and done on Friday gold was down about 4 dollars while silver was down 6 cents.

    Many investors were anxiously awaiting manufacturing news out of China that was released today but it turns out that none of the headlines had too much of an impact on precious metals. Trading out of China next week will be muted because the nation will be taking the week off in order to celebrate the New Year.

    Despite this week being relatively uneventful as far as precious metals goes financial experts still remain confident that gold and silver will have a decent run of things in 2013. Massive shifts in the values of world currencies have been the story for the past few weeks and that is part of the reason gold and silver have not seen steady periods of growth as of late. From the looks of it next week is going to be boring as China will be out of the picture but we will find out as the week runs its course.

    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.