Gold Report August 2016

Lower Gold Report for August 2016

Gold lower 2.44% End-of-month

Higher gold prices are here

End-Of-Month Precious Metals Prices for August ’16

Now let us take closer look at End-of-month (EOM) returns: Gold lacked the momentum that it needed to get positive on the month. Spot gold prices were lower on the month by -$32.75 per ounce, that is a -2.44% EOM loss. Closing the month out at $1309.25. Silver closed out the month at $18.74 down -$1.30 per ounce, a -6.49% EOM loss. August gave the gold to silver ratio a boost from $2.90 from $66.97 to $69.86 per ounce. Platinum was lower by -$75.00 per ounce, closing the month at $1065, a -6.58% EOM loss. Palladium was lower by -$10.00 per ounce, a -1.42% loss in August, closing at $692 per troy ounce. The platinum to palladium ratio moved down by -$0.08 from $1.62 to $1.54 per ounce.

 Spot Prices
Closing Price as of 7/29/2016
Change(EOM)
Todays Gold Price Charts Gold $1342.00 -32.75/-2.44%
Todays Silver Price Charts Silver $20.04 -1.30/-6.49%
Todays Platinum Price Charts Platinum $1140.00 -75.00/-6.58%
Todays Palladium Price Charts Palladium $702.00 -10.00/-1.42%
*Spot prices are shown in the U.S. Dollar and paired on a troy ounce basis for each metal category

Year-To-August 31, 2016 Precious Metals Prices

Gold prices remained higher on the year despite a somewhat disappointing August. Gold was higher through the end of August by $247.00 per ounce, that is a 23.25% year -to-date return on asset. Silver was higher by $6.00 per ounce, that still a 43.42% eight-month return. The gold to silver ratio has closed lower by -$10.81 from $76.86 to $66.06 per ounce. Platinum is $205.90 per ounce, that is a 23.24% year-to-date return on investment. Palladium closed higher by $132.55 per ounce, a 23.68% year-to-date return on investment. Palladium finished August at $692 per troy ounce. In this period, the platinum to palladium ratio has moved lower by -$0.01 from $1.58 to $1.58 per ounce. The other notable ratio is gold over platinum. Empirically, platinum has traded well over gold prices. Gold closed $217.35 over platinum at the end of August. That brings the gold/platinum ratio to 1.20. Gold is still 119.91% more expensive platinum. The historical ratio between gold and platinum has traded as low as .415 and as high as 1.328.

Spot Prices Closing Price as of 12/31/2015
Change(YTD)
Todays Gold Price Charts Gold $1062.25 +247/23.25%
Todays Silver Price Charts Silver $13.82 +4.92/35.60%
Todays Platinum Price Charts Platinum $886.00 +179/20.20%
Todays Palladium Price Charts Palladium $559.65 +132/23.65%
*Spot prices are shown in the U.S. Dollar and paired on a troy ounce basis for each metal category

Today’s Precious Metals Prices

Here is a snapshot of today’s precious metal prices. Gold is trading lower at $1345.40 per ounce -$5.4 that is a -0.40% move down, Silver is $19.82 -$0.3/1.51% per ounce, Platinum is $1091.90 per ounce -$9.1 that is a -0.83% move down, and Palladium is $692.20 per ounce -$9.1 that is a -1.31% move to the downside.

Spot Prices Today’s Price
Change(T-1)
Todays Gold Price Charts Gold $1345.40 -$5.4/0.4%
Todays Silver Price Charts Silver $19.82 -$0.3/1.51%
Todays Platinum Price Charts Platinum $1091.90 -$9.1/0.83%
Today's Palladium Price Charts Palladium $692.20 -$9.1/1.31%
*Spot prices are shown in the U.S. Dollar and paired on a troy ounce basis for each metal category

Thank you everyone, Mia.

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