Get The Facts About The Precious Metals Market At Precious-Metal.org

December 3, 2009 – The precious metals market has seen some minor fluctuations today due to flowing economic data that shows our nation could be headed for a long-term depression. Consumer confidence is down across the nation, and market analysts have called for the 2009 holiday shopping season to be slower than those of 2007 and 2008.

Those were two of the most dismal seasons on record, and there has also been widespread speculation that 2010 could be the beginning of the second stage of our recession. With the light at the end of this financial tunnel seemingly nowhere, it is no surprise that so many investors have decided to utilize gold and silver to protect their remaining assets.

Gold spot prices have been driven to new all-time highs throughout the last two months, while silver and platinum have steadily risen as well. Precious metals are not the only commodities that have done well in recent years, but investors prefer precious metals because they are not cumbersome or impractical to store privately.

Precious metal spot prices are available at www.GoldPrice.net, and you can learn more about the precious metals market by calling our help desk or requesting our 2010 Insider’s Guide to the Precious Metals Market below.

At 5pm EST, gold was trading on the COMEX division of the New York Mercantile Exchange (NYMEX) for $1209.90 per ounce.

On this same exchange, silver was valued at $18.88 per ounce, and this represents a $0.33 reduction for the trading day.

Platinum is by far the most speculative of these precious metals because of its key use in many struggling industries, but this white metal has increased steadily in 2009.

For live quotes on the most popular products traded on the precious metals market, call our live quote line or request one of our award-winning investment brochures below. 

Daily Updates Archive

Danny Burns

Senior Staff Writer - Precious-Metal.org