Gold prices fell yesterday’s New York trading from $ 1,736 to $ 1,717 / oz. Gold prices continue to drop this morning in Shanghai and Hong Kong, and are currently trading at $ 1,699 / oz, $ 29 / oz below the previous day’s level. Gold mining stocks are developing unevenly around the world.
The precious metal markets
On a euro basis, the gold price declines with a somewhat firmer dollar (current price 50,382 euros / kg, previous day 51,006 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 is losing (current price $ 15.09 / oz, previous day $ 15.54 / oz). Platinum is yielding (current price $ 774 / oz, previous day $ 789 / oz). Palladium falls (current price $ 2,105 / oz, previous day $ 2,139 / oz). The base metals develop sideways. The oil price is stabilizing (current price $ 28.36 / barrel, previous day $ 27.51 / barrel).The New York Xau gold mine index improves 1.8% or 1.8 to 106.1 points.