Silver, gold and platinum remained largely unmoved for the week. Monday through Friday London Fix gold curved upward by $13 while silver dropped a penny and platinum fell by $4.
“There is a general tone of lower willingness to take risk at this point. I think you are probably seeing people being hesitant or not allowed to take as much risk as they normally would,” remarked Zachary Oxman, senior trader with Wisdom Financial in Newport Beach, California.
Some hesitancy was due to the meeting of Group of Seven (G7) finance ministers and banking leaders from around the world. Their language could help set the direction of precius metals on Monday. Official G7 comments started hitting the airwarys Friday evening.
The silver, gold and platinum weekly charts and comparisons from last week are below. A Reuters business week wrap up video and three related articles links are included as well.
CoinNews London Fix Charts: Silver, Gold and Platinum
(April 7-11)
The London Fix is one of the most used bullion quotes around the world. The London AM fix for gold and platinum begins at 10:30am GMT (5:30am in New York), and the PM fix begins at 3pm GMT (10am in New York). The London Fix for silver begins each business day at 12pm GMT (7am in New York).
London Fix figures: percent and dollar change after Friday’s close
|
Up
|
Down
|
Week % Change
|
Week $ Change
|
Friday Close
|
|
| Silver |
|
X
|
-0.06%
|
-$0.01
|
$17.95
|
| Gold |
X
|
|
1.43%
|
$13
|
$928
|
| Platinum |
|
X
|
-0.20%
|
-$4
|
$2,019
|
Week change numbers are for Monday-Friday.
London Fix: previous week figures
|
Up
|
Down
|
Week % Change
|
Week $ Change
|
Friday Close
|
|
| Silver |
|
X
|
-3.0%
|
-$0.54
|
$17.45
|
| Gold |
|
X
|
-3.4%
|
-$32
|
$906
|
| Platinum |
|
X
|
-2.1%
|
-$43
|
$1,989
|
Week change numbers are for Monday-Friday.
Bullion and business related articles for the week
In related news, interesting or quick-read articles:
- April 12 – Gold Weakens as markets cautious before weekend
- April 11 – Official comments after the G7 meeting
- April 11 – Gold futures end lower, but post a weekly gain
Business week overview and wrap-up by Reuters News
The three major US indexes:
-
The Dow lost 256.56 points to close at 12,325.42 Friday. It lost 2.3% for the week.
-
The S&P 500 lost 27.72 points Friday to close at 1,332.83.
- The Nasdaq lost 61.46 points Friday to finish at 2,290.24. It lost 3.4% for the week.
The Reuters video recaps the business week.
CoinNews bullion and finance related collector tools
Bullion and finance tools that may interest you:
Please read “Buy Gold Now” by Shayne McGuire. This book tells ” Why we must invest in precious metals”. And also tells that U.S. is in recession and debt crisis. This currency crisis can bring U.S. Dollar to the end for good!