Precious Metals Prices Stabilize

January 1999

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.


 

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