Gold price at a high level before the turn of the year: Current situation and tips for buying gold and silver

Gold price at a high level before the turn of the year: Current situation and tips for buying gold and silver

According to a report by www.goldreporter.de,

Shortly before the turn of the year, the price of gold stabilized at a high level. If you want to buy gold now, you should compare the prices carefully.

The current figures show that the price of gold is well above the $2,000 mark shortly before the turn of the year. A troy ounce of gold on the spot market cost $2,065. The silver price, however, fell by 3.2 percent compared to the previous week. The situation in precious metal trading in recent months has been characterized by a high volume of purchased goods. This led to lower markups in the market and a decline among manufacturers.

Our own data analysis shows that gold and silver prices have increased in recent weeks. For example, a troy ounce of Krugerrand coins (current vintage) cost an average of 1,950 euros, an increase of 6 euros compared to the previous week. At the same time, premiums on 100 gram gold bars also rose slightly. Similar developments were also observed with silver investment products. Premiums for Maple Leaf silver coins and 1kg silver bars also increased.

The spreads in precious metal trading have also increased, which indicates a reduction in the purchase price. This can have long-term effects on the market and influence investors' decisions. Despite the ongoing fluctuations in gold and silver prices, such developments are important indicators for potential buyers.

It is important to note that minor changes in premium should not be used as the sole basis for short-term purchasing decisions. Nevertheless, they provide an indication of the current price level from various providers and can be used in combination with other factors to assess the market.