Gold: Gold remained relatively unchanged this week; it opened this at $1273.60 USD and declined steadily to close at $1268.15 USD (0.5% decrease).
Silver: Like last week, silver showed a steady decline across the week. Silver opened at $17.84 USD and closed at $17.23 USD (3.5% decrease).
Platinum: Like gold and silver, platinum closed for a loss this week. Platinum opened at $973.00 USD and closed at $945.50 USD (2.9% decrease).
Palladium: unlike the other metals, palladium closed this week for a gain. Palladium opened at $794.00 USD, and closed at $826.00 USD (3.9% increase).
Many economists seem to be hanging their forecasting-hats on upcoming releases of the Jobs Report, and from the Fed.
US Mint sales have slowed considerably as the price of gold has increased and that of silver decreased.
The US Dollar appeared to be in trouble as May Day approached.
New Home Sales (April 25, 10:00 AM ET): New home sales greatly exceeded the expectations of economists. Experts predicted that there would be 588,000 new homes sold during the month of March, but there were actually 621,000 homes sold. Homes sales are used a general index for the state of the US economy; the current report suggests strength in economy.
EIA Petroleum Status Report (April 26, 10:30 AM ET): There was a decrease in crude oil inventories, and increases in gasoline and distillates inventories. This is a very different trend from previous weeks, which have shown increases in crudem and decreases in the others.
Durable Goods Orders (April 27, 8:30 AM ET): The Durable Report returns the number of orders placed with domestic manufacturers for hard goods, and represents the strength of a foundational sector in the US economy. The month-over-month analysis of shows a 0.7% increase in the number of orders, much lower than the expected 1.1% increase.
International Trade in Goods (April 27, 8:30 AM ET): The nation’s trade gap returned more narrow than expected, which is in part due to a decrease in exports. Imports also decreased, though less than exports.
GDP (April 28, 8:30 AM ET): The Gross Domestic Product increased during the first quarter, though less than predicted.
- Personal Incomes and Outlays (May 1, 8:30 AM ET)
- ISM Mfg Index (May 1, 10:00 AM ET)
- EIA Petroleum Status Report (May 3, 10:30 AM ET)
- FOMC Meeting Announcement (May 3, 2:00 PM ET)
- International Trade (May 4, 8:30 AM ET)
- Employment Situation (May 5, 8:30 AM ET)
Now is a great time to invest in silver, and the 2015 American Silver Eagle is currently on sale. Pick up some today!