Professional Jeweler Archive: Metals Hit Summer Doldrums

September 2000

Precious Metals & Bench: Data & Statistics

Metals Hit Summer Doldrums

Prices stall as trade prepares for second half


2000 1999

Gold prices settled in for a long run around $280 per ounce, about $20 more than the same time last year. They were unaffected overall by the news of several mergers of mining companies.


2000 1999

The gap between this year’s prices and last year’s continues to widen and now runs about $200 higher, though it reached a plateau around $575 in midsummer.


2000 1999

Silver prices are little changed from last year, reflecting continued strength in the market and a good balance between supply and demand.

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