Precious Metals:Data &\ Statistics
Precious Metals Prices Stabilize
But levels are lower because of declines earlier in 1998
Precious metals prices rolled into the fourth quarter of 1998 relatively
stable, but in all cases lower than early in the year. Gold prices settled
in the mid-$290s per ounce, up 4% from early 1998. Look for gold to remain
stable in this first quarter of 1999. Silver had the widest price swings
in 1998, thanks in part to concerns that investors might be hoarding the
metal. When that concern eased, prices fell. Silver prices should be stable
throughout the first quarter. Following the same pattern, prices for platinum
were about 8% lower in the first weeks of the fourth quarter than at the
beginning of the year. With all precious metals lower, this is a good time
to watch vendors' prices to see if they pass along the savings.
Copyright © 1999 by Bond Communications.