Provident Metals

Daily Spot Price Update 7/28/2017

Economy Watch, Market Updates & Analysis

Metal Open Close Change Gold $1259.56 $1271.00 + $11.44 Silver $16.60 $16.77 + $0.17 Platinum $930.80 $939.00 + $8.20 Palladium $877.83 $883.00 + $5.17 Summary All metals increased in value on 7/28. Economic Growth During Second Quarter New data shows that the US economy grew by 2.6 percent during 2017’s second quarter, which spans from April to June….




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Friday Fables: The Copper Scroll

Friday Fables

In March of 1952, a cache of first century documents known as the Dead Sea Scrolls were discovered by Bedouins inside caves at Qumran, along the shores of the Dead Sea. The first fourteen scrolls contained literary works written on parchment or papyrus. The last scroll proved very different, as it was etched into a…




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The Origin of the Troy Ounce

Facts and History

When shopping for gold, silver, platinum, and palladium, have you noticed that these precious metals are measured in troy ounces? A troy ounce is, in fact, a different unit of measurement than a standard ounce (also called a avoirdupois ounce). One troy ounce equals 1.09714286 ounces or 31.1034768 grams. So why do we use troy…




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Daily Spot Price Update 7/26/2017

Economy Watch, Market Updates & Analysis

Metal Open Close Change Gold $1248.83 $1266.01 + $17.18 Silver $16.48 $16.80 + $0.32 Platinum $931.30 $938.15 + $6.85 Palladium $864.28 $872.00 + $7.72 Summary All metals increased in value on 7/26, with gold spiking the highest. Britain’s Weakening Economy In the year’s second quarter, Britain’s economy grew by only 0.3 percent. This confirmed the concern of…




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