Live Spot Gold
SPOT MARKET IS OPEN
closes in 6 hrs. 8 mins.Mar 17, 2020 10:52 NY Time
| Bid/Ask | 1530.60 / 1531.60 | |
| Low/High | 1465.00 / 1538.60 | |
| Change | +21.10 | +1.40% |
| 30daychg | -53.00 | -3.35% |
| 1yearchg | +228.30 | +17.53% |
| Alerts Charts |
Silver Price & PGMs
Mar 17, 2020 10:52 NY TimeKitco 10AM Silver Fix
| Silver | 12.74 | -0.18 |
| Platinum | 685.00 | +15.00 |
| Palladium | 1601.00 | +109.00 |
| Rhodium | 6000.00 | -1000.00 |
Click on the metal names to
see the associated charts
(Kitco News, Tues. March 17th, 2020) – Gold prices are back above $1,500 an ounce as the Federal Reserve is expected to announce new measures to pump more liquidity into the economy.
According to media reports the Federal Reserve will reinstate its Commercial Paper Funding Facility, which was first introduced during the 2008 financial crisis.
According to a Reuters’ article, The move will allow the Fed to circumvent banks and get liquidity straight to ailing businesses. With the new measures, the U.S. central bank can commercial paper from issuers directly.
The new easing measures is helping to support gold prices. April gold futures last traded at $1,501.60 an ounce, up 1% on the day.
The Federal Reserve continues to take unprecedented steps to shore up the U.S. economy so it can weather the current financial turmoil caused by the spreading coronavirus.
The Federal Reserve’s expected move comes only two days after, in an emergency move, it slashed interest rates to a target between 0% and 0.25%. It also announced $700 billion in new quantitative easing measures.
Market analysts have noted that the economic crisis caused by the coronavirus is prompting the Fed to take a more aggressive stance than it did during the 2008 financial crisis.
Although gold prices have struggled along with equity markets. Many analysts have said that when sentiment finally bottoms, gold will be the asset to own as deficits and balance sheets grow out of control.
Posted by :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com
Justin
I don’t typically comment on posts, but as
a long time reader I thought I’d drop in and wish you all the best during these troubling
times.
From all of us at Royal CBD, I hope you stay well
with the COVID19 pandemic progressing at an alarming rate.
Justin Hamilton
Royal CBD
admin
thank you Justin, Royal CBD sounds interesting to me as my wife has MS & is looking for alternative treatment with CBD, any input welcome! My co. asks only that potential customers lay out what they want, then we can put you in the correct U.S. gold/platinum/silver & palladium coins, many times PRIVATELY with no s.s. # required.
admin
Thank you Justin, the metals are easy to buy but not easy to understand sometimes and I have helped customers thru all kinds of markets! I am very interested in CBD, are you in the Austin TX area?