Midas Gold Group is happy to provide our clients and website visitors with live 24-hour spot pricing for gold, silver, platinum, and palladium. We also provide interactive historical price charts for the past ten years. Using our charts, you can view gold, silver, platinum, and palladium prices over selected periods. You can also chart historical precious metals prices against stock indices, oil, and the dollar. Make sure that you also read our explanations of how the individual precious metals spot prices are derived or calculated. We also explain how these spot prices relate to the price investors pay for physical coins and bars.
Why do the precious metals spot prices change after the US markets close?
Unlike stocks, commodities such as gold, silver, platinum, and palladium trade on commodity exchanges around the world. Most stocks are only listed on a single stock exchange so all trades are settled when that particular exchange is open for trading. Commodities, however, are almost always trading (except on weekends). When North American markets in New York, Chicago, and Toronto, are closing, Asian markets such as Tokyo, Shanghai, and Hong Kong are getting ready to open. As Asian Markets are closing, markets in Europe and the Middle East are in full swing.
The gold, silver, platinum, and palladium spot price feeds provided by Midas Gold Group have compiled feeds from major exchanges around the world. Using our live-pricing spot pricing, you can always be up-to-date on what is happening in global markets related to precious metals.
USING PRICE CHARTS TO MAKE PRECIOUS METALS BUYING DECISIONS
Midas Gold Group recommends the purchase of gold, silver, platinum, and palladium coins for long-term buy and hold investment strategies. Most of our investors view the purchase of physical and tangible precious metals as long-term means of diversification and financial protection. However, that does not mean that it is not wise to look at trading trends to identify good points of entrance and even exit to/from the precious metals market.
For example, many investors who purchased gold and silver prior to the financial collapse of 2008, sold portions of their positions at sizeable profits between 2009 and 2012. Many investors are now looking at gold and silver as being priced very low, especially when compared to the relative strength of the US dollar. Many investors are adding to their positions. In 2018, the US Mint recorded the highest sales volume of gold and silver coins than in the four years prior.
When looking at gold and silver charts for long-term decisions, the 24-hour charts will give you very little insight. These short term movements can be based on any number of factors including short-term institutional trading action. Looking at price trends over months or even years can be an efficient tool to identify trends and opportunities.
When making long-term decisions about owning precious metals, we discourage people from trying to over analyze and expect to pick the exact market bottom to buy or the exact market top to sell. Over the long-term physical gold and precious metals have always and should always outperform fiat currencies. We feel diversification away from paper assets is both important and financially responsible for many investors. Investors should look for wise buying and selling opportunities, but we have found that many people with good intentions to be proactive about their investments, get left behind major market movements through over-analysis.
The experts at Midas Gold Group are always here to answer your questions about precious metal prices and can provide insight to help you make informed and intelligent decisions about buying or selling precious metals.