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September 1999

Precious Metals & Bench

Metals Prices Hit Summer Doldrums

The gap between 1998 and 1999 gold prices widened this summer, dropping into the $250-per-oz. range. That would have been considered shocking two decades ago when the price reached $875. Some manufacturers have even recalculated prices in their latest catalogs to account for the change.
Platinum prices held steady through the first half of summer, though they were slightly lower than earlier in the year. You still can be confident in stressing platinum's lasting value to customers.
Silver prices spiked in early summer then moved down to the $5 range where they've been for much of the past year. Steady demand should keep prices firm, so don't delay ordering your silver jewelry and giftware for the Christmas season in hopes of lower prices later in the season.

– Source: Platinum Guild Int'l.

Copyright © 1999 by Bond Communications.


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