Live Spot Gold
SPOT MARKET IS OPEN
closes in 6 hrs. 51 mins.Feb 24, 2020 10:09 NY Time
| Bid/Ask | 1672.50 / 1673.50 | |
| Low/High | 1660.20 / 1689.60 | |
| Change | +29.50 | +1.80% |
| 30daychg | +100.90 | +6.42% |
| 1yearchg | +344.60 | +25.95% |
| Alerts Charts |
Silver Price & PGMs
Feb 24, 2020 10:09 NY TimeKitco 10AM Silver Fix
| Silver | 18.70 | +0.25 |
| Platinum | 961.00 | -12.00 |
| Palladium | 2522.00 | -92.00 |
| Rhodium | 11100.00 | 0.00 |
Click on the metal names to
see the associated charts
(Reuters, Mon. Feb. 24th, 2020) – The Dow Jones Industrials fell more than 800 points within minutes of the market open on Monday as investors scurried to safer assets after a surge in coronavirus cases outside China stoked fears of a bigger impact to global growth.
The benchmark S&P 500 fell below its 50-day moving average, while the blue-chip Dow slipped below its 100-day moving average, all closely watched indicators of momentum.
The Dow Jones Industrial Average fell 589.48 points, or 2.03%, at the open to 28,402.93.
The S&P 500 opened lower by 80.14 points, or 2.40%, at 3,257.61. The Nasdaq Composite dropped 388.15 points, or 4.05%, to 9,188.44 at the opening bell.
GOLD PRICES SHARPLY UP AT (7) YEAR HIGH AMID CORONAVIRUS PANDEMIC FEARS
(Kitco, Mon. Feb. 24th, 2020) – Gold and silver prices are solidly up in early U.S. futures trading Monday, but off of their overnight highs, as the coronavirus pandemic has traders and investors worldwide unnerved and seeking out safe-haven metals. The negative effects of the coronavirus outbreak on the global economy appear to be increasing. April gold futures hit a new contract high overnight and were last up $30.10 an ounce at $1,678.80. March Comex silver prices were last up $0.155 at $18.685 an ounce.
Markets worldwide are getting rocked by a marked increase over the weekend in trader and investor fears amid the still-growing coronavirus outbreak. Gold is up around $40 an ounce and at a seven-year high, U.S. Treasuries are rallying sharply, the U.S. dollar index is up, crude oil prices are sharply down and much of the rest of the raw commodity sector is feeling selling pressure. Asian and European shares were down overnight. U.S. stock indexes are pointed sharply lower openings when the New York day session begins, with the DJIA down over 700 points.
While the human toll from the coronavirus (covid-19) is growing, the likely economic toll also is expanding. What is gripping markets is the keen uncertainty of how this situation will eventually play out. There is no consensus at all regarding the outcome.
China recorded the total number of afflicted at over 77,000 and over 2,350 dead. The illness is also spreading in South Korea. Northern Italy has some towns quarantined after the covid-19 illness was discovered spreading in that region, including three deaths.
Posted by :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com