After a few weeks of averaging below 1300 USD/oz, the gold price is finally edging above 1300 USD. Here is your weekly recap for the week of October 31, 2016.

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Gold Price Edges Above 1300 USD Again As The American Election Wraps Up (Gold Price Weekly Recap)

After ending last week at 1275.06 USD/oz, the gold price started the week off at 1276.71 USD/oz. Since then the price of gold has continued to rise as it reach above 1300 USD/oz yesterday. The gold price today is 1303.58 USD/oz.

The Cause

With the American election only a few days away, the gold price will continue to fluctuate until the election is over. This is will determine the future of gold and silver prices as well the economic stability of America. 

Canadian Bullion Services is an international precious metals dealer headquartered in Toronto that is ranked among the top precious metal dealers in Toronto. Visit our main site for more information, and keep up with us on Twitter and Facebook. Don’t forget to check back next Friday for your weekly recap.

Who do you think will America’s 2016 election? Let us know in the comment section below!


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