Gold and Silver weekly Update – w/e 21st December 2018

Today is Saturday 22nd December 2018 and we are providing our gold and silver weekly update for the week ending 21st December.

Gold rose $17 last week from $1,238 to $1255 having hit a high of $1,265 and a low of $1,235. In sterling terms gold finished the week at £993 that’s up £10 and in Euros it closed at 1,104 Euros that’s up 9 Euros on the week.

Silver rose 5 cents from $14.57 to $14.62 having hit a high of $14.82 and a low of $14.56. In sterling terms, it closed at £11.58 that’s unchanged and in Euros it closed at 12.86 euros that’s down 0.03 euros.

The Gold to Silver Ratio rose from 85:1 to 85.8:1

The Dow Jones closed on Friday at 22,445 down 414 points on the day and down 1655 points on the week, and the NASDAQ closed at 6,333 down 195 points on the day and down 576 points on the week and the S&P 500 closed at 2,416 down 50 points on the day and down 183points on the week.

Brent Crude fell $6.46 from $60.28 to $53.82 and US Light Crude fell $5.61 from $51.20 to $45.59

The dollar index stands at 96.95 that’s down 0.49 on the week.