Los Angeles CA, August 23 (Tangible Investments) – by James O’Dell – Precious metals prices edged higher in early trading on Tuesday with Gold up 0.19 percent to $1,341.70 an ounce after easing $2.70 or 0.20 percent on Monday to close at $1,339.10 an ounce.

Silver is up 0.63 percent to $19.04 an ounce, after easing $0.41 or 2.12 percent on Monday to close at $18.92 an ounce while the Gold/Silver ratio rose to 70.78. Platinum is up 0.48 percent to $1,111.30 an ounce and Palladium is up 0.32 percent to $696.20.

Gold turned higher in early trading Tuesday on short covering and bargain hunting after prices dipped on Monday following hawkish comments made by the Fed’s Vice Chair, Stanley Fischer. The Fed’s second in command said the U.S. central bank is close to hitting both inflation and employment targets, and his comments have slightly increased the odds of a rate hike later this year.

“The Gold markets took Fischer’s hawkish comments in its stride, there has not been much of a sell-off. The market is going sideways and in the context of those remarks that’s a good reaction,” said Standard Bank’s Tom Kendall.

Markets will now shift focus to the gathering of global central bankers at the symposium in Jackson Hole, Wyo., on Friday. Fed Chairwoman Janet Yellen will speak at the closely watched annual event and analysts agree that even if Yellen suggests a coming rate hike, Gold prices are not expected to dip much below$1,300 an ounce.

“While we do think that Janet Yellen may point the Fed in a more hawkish direction on Friday, there is likely to be continued ambiguity surrounding future U.S. monetary policy,” said TD Securities. “We think the most likely case is that Gold will be under modest pressure until Jackson Hole and that prices will take their lead from the tone of the symposium and in particular from Janet Yellen’s speech,” said HSBC.

It’s important to protect your hard earned wealth during these times of economic and geopolitical uncertainty, and at Tangible Investments it doesn’t matter whether you’re new to precious metals or a seasoned veteran, you will always be dealing with top industry experts.

Take a moment and browse our vast selection of valuable collectibles, then call Toll Free 1.888.655.9255 today and let the helpful staff at Tangible Investments assist you in your next purchase or sale. You may also wish to click here to check out our eBay store. Tangible Investments is the leading buyer ofrare, Gold and Silver coins, art, antiques, diamonds, sterling and flatware. We also loan against anything of value and offer more money at half the loan cost.