Precious Metals & Bench:Data & Statistics
Preholiday Price Watch
Gold prices fell below $260 per ounce as summer began, mainly because
of oversupply. It's not good news for miners, but low commodity prices could
help lower the wholesale cost of gold jewelry just in time for holiday sales.
Platinum took a dip in March and April vs. the same months of 1998 but
then returned to prices in the usual range. That recovery is evidence of
platinum's staying power and inherent value.
Silver prices are following a mostly lower path than last year, though
at midyear seemed poised to gain strength. This is a price to watch as more
designers begin to offer high-style silver jewelry.
New York prices
Copyright © 1999 by Bond Communications.