Gold Spot Price Open: $1,666
Gold Spot Price Close: $1,681
Change in Gold Spot Price:+$15
Silver Spot Price Open: $30.93
Silver Spot Price Close: $31.42
Change in Silver Spot Price:+$0.49
Gold and silver took yet another upward climb on Tuesday as this looks to be shaping up like a great week for precious metals. Gold gained about 15 dollars as it neared the $1,700 mark and silver gained one penny shy of a half dollar, successfully and convincingly eclipsing the $31 range.
Gold ending the day around $1,681 means that the precious metal has hit a two-week high and in the past two days has picked up over $20. The early running of this week has shown preliminary signs that gold will continue to gain more and more value and end up having another year of positive gains in 2013. With incredibly low interest rates in a lot of places around the world as well as bank-funded stimulus packages being instituted, many experts believe gold has no choice but to gain value.
The fact that we are not so immersed in the fiscal cliff drama anymore means that investors have the ability to focus in on a more stable market and economic climate.
