Los Angeles CA, December 20 (Tangible Investments) â€” by James Oâ€™Dell â€” Precious metals prices were higher on Wednesday. Senate passes Tax Bill Gold rises. Gold is up 0.25 percent to $1,264.50 an ounce after easing $0.60 on Tuesday to close at $1,261.30.
Silver is up 0.65 percent to $16.23 an ounce after easing $0.01 on Tuesday to close at $16.12. The Gold/Silver ratio ticked up to 78.24. Platinum is up 0.88 percent to $920.00 an ounce. Palladium is up 0.79 percent to $1,024.00 an ounce.
Gold rose in early trading on Wednesday after the U.S. Senate passed the tax-bill as expected in a late night session. The Republican led Senate passed the measure along party lines 51-48 just after midnight.
The House passed the measure on Tuesday but must return today, due to a procedural error, for a final vote. Expectations are that it will pass once again. â€œPassage has been widely expected for days, and so the market reaction today has been largely muted,â€ said Brown Brothers Harriman.
â€œWith the package coming in pretty much as expected, the main question is how this bill will impact the midterm 2018 elections. Polls show widespread skepticism over the benefits of the bill for the middle class.”
South Korea Extends Olive Branch To North Korea
Meanwhile, South Korea is calling on the U.S. to hold off on planned joint military exercises until the Winter Olympics is over. South Korean President Moon Jae-in is offering this to North Korea as an olive branch before the Olympics.
“If North Korea stops its provocations leading up to the Pyeongchang Olympics, it will greatly help in holding a safe Olympics,” said President Moon. “Also, it will help in creating conducive atmosphere towards inter-Korean as well as U.S.-North Korean dialogue.”
In China, both low prices and concern over war breaking out on the Korean Peninsula, have spurred demand for physical Gold and pushed premiums to nearly $11 an ounce.
Itâ€™s important to protect your hard earned wealth during these times of economic and geopolitical uncertainty. At Tangible Investments, it doesnâ€™t matter whether youâ€™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.
Let the helpful staff at Tangible Investments, owned and operated by world-renowned coin expert Silvano DiGenova, 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 of rare 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. Come in or call 1.888.655.9255 now for a free quote.