Markets swoon

Michael Allan McCrae | August 20, 2015 | 9:14 am Base Metals Precious Metals Copper Gold Silver 

North American markets are selling off with the S&P 500 down 1.03% and TSX tumbling 1.16%, hitting a 20-month low.

Gold is actually having a good day. Spot gold is up $21 to $1150 per ounce. Silver is at $15.55 oz.

Crude oil is at $41.41 a barrel.

Copper is at $2.33 per pound.

Factors weighing on the markets are the decreasing likelihood that there will be an interest hike by the U.S. Federal Reserve. China is also a concern.

Creative Commons image by Damian Morys

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Comments

  • Gene Byrge

    The prices are beginning to align themselves with reality. Since gold is grossly undervalued, it is headed for higher heights. Care for a ride?

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