Spot Gold Prices for 3-25-2014

Spot Gold Prices for 3-25-2014

Hello my name is Chuck Dougherty and this
is the Spot Gold Prices Daily Wrap-up. The Spot Gold prices for Tuesday the 25th
of March saw Gold prices opening at around $1,312.80. The Gold price nose dive that started last
week and continued into this one has leveled off for now. A round of short coverings and
increased physical demand as the price dips helped to ease the freefall, as did the mixed
bag of US economic data that was released Tuesday. Consumer confidence is higher although
it isn’t that consumer’s think things are better now, it’s that they think they will
be better down the line. Some of the other data showed home prices are higher but new
home sales dropped 3.3% so we still are getting mixed signals. You can see by the chart that the tug of war
started from the first minute of the day and lasted through the last minute of the day.
We saw a jump up to the high of around $1,316.80 right near the start of normal US trading
hours. Not long after the close of normal US trading hours we saw the low of around
$1,309.30 before we ended the trading day at around $1,312.90 and this resulted in a
tiny gain in the price of gold of around $0.10. Thank you for watching this is Chuck Dougherty
and this was the Spot Gold Prices Daily Wrap-up for March 25th, 2014. Please be sure you subscribe and don’t forget
to comment and like us as well. If you need more information on precious metals
be sure you visit our website: See you in the next Gold prices episode! Until
then, take care.

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