Metals market update for November 16

DAILY PRICES

Today’s Gold Prices: USD 1094.50, EUR 1020.32 and GBP 719.89 per ounce.
Friday’s Gold Prices: USD 1083.75, EUR 1006.60 and GBP 712.08 per ounce.
(LBMA AM)

Gold in EUR – 1 Year

Gold closed at $1,082 even on Friday, down by $2.60 and -0.55% overall for the week. Silver also continued to lose value on Friday closing down $0.08 to $14.23 showing an overall loss of -3.46% for the week. Platinum lost $18 to $856.

Asian shares hit six-week lows as investors moved into safe haven assets, including gold and government debt. However, gold came off session highs as European shares reversed early losses.

Markets remain complacent about financial and economic risks posed by terrorism  and consensus is that there will be no long-term economic impact from the tragedy in Paris on Friday.

About the Author

Mark O'Byrne is executive director of Ireland-based GoldCore.