Gold fell slightly on Friday in New York trading from $ 1,690 to $ 1,687 / oz. Gold trading sideways this morning in Shanghai and Hong Kong is currently trading at $ 1,690 / oz, $ 9 / oz below Friday’s level. Gold mining stocks are yielding worldwide.
The precious metal markets
On a euro basis, the gold price declines with an unchanged dollar (current price 49,881 euros / kg, previous day 50,382 euros / kg). On April 14th, the gold price reached the target price range between $ 1,700 and $ 1,900 / oz after a long upward movement and has been valued fairly again for many years. Due to the lack of alternative investments, it is advisable to remain fully invested in gold, silver and precious metal stocks even at the beginning of an expected exaggeration phase.
Silver may gain (current price $ 15.20 / oz, previous day $ 15.09 / oz). Platinum is picking up (current price $ 787 / oz, previous day $ 774 / oz). Palladium is improving (current price $ 2,123 / oz, previous day $ 2,105 / oz). The base metals improve by about 1%. The oil price is falling (current price $ 27.37 / barrel, previous day $ 28.36 / barrel).