Metals Market

Understanding the State of the Precious Metals Market

Until now, precious metal merchantsstill face difficulties in the online market. Finding an appropriate merchant bank who wishes to provide your business with an account let alone give you the capacity to grow it remains a major challenge. Such a high risk business requires rock solid service providers who will also assist in processing your payment needs. First, let’s assess the performance ofprecious metals on the start of 2017.

How Precious Metals perform

The first quarterof 2017 kicked off with what seems to be a good start. On March 31, 2017, Gold recorded a rise ofabout 8.4% which is so far its greatest quarter in about a year. The performance of Gold closed the final trading of March on anoptimistic note, increasing about 0.24% and closing at around $1,249.50 on March 31. This call suggestedinstability of gold, which measures changes in the price of an asset, in relation to disparity in the value of the call option also shot high on the same day resting at 11.3%.

Next was silver that closely followed gold, rising about 0.28, and ending at around $18.30 per ounce on the 31st of March. Palladium rose slightlyby 0.08% and closed at $798.20 per ounce. Only Platinum had anawful day, falling around 0.38% and ending at $950 per ounce.

Precious metal mining stocks

In the first quarter, metal mining stocks had mixed reactions due to the fluctuations in precious metals. Miners like Alamos Gold, Royal Gold, B2Gold and Sibanye Gold have shined so far this year showing a rise of 17.4%, 10.6%, 19.0%, and 24.8%, in that order. Jointly, they form around 9.3% of the VanEck Vectors Gold Miners.

Now you know how the precious metal market is performing, but still, you can’t find an online payment processing solution that will maximize revenue for your business. You need a service provider like EMB that offers credit card processing for precious metals to assist you manage your merchant account and process all your payments such that you don’t have to fret about ecommerce trivialities.

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