As the euro strengthened, investors dove into the precious metal market, helping gold rally over $1,700 per ounce.
“Gold and other precious metals are usually positively affected when the euro is performing well,” said Ed Martin, CEO of Hunter Wise Commodities, a precious metal wholesale dealer firm in Las Vegas.
Gold achieved $1,718.90 on the New York Mercantile Exchange – an increase of $33.20. The price of silver climbed to $32.22. Platinum gained $19.30 to reach $1,548.80, and palladium gained $18.00 to hit $584.40.
The euro was recently trading at $1.3390, up from $1.3246 on Nov. 25 in New York. Though the IMF eventually denied a financial aid agreement with Italy, the rumor alone was enough for investors to gravitate toward the euro.
Hunter Wise Commodities recommends investing in precious metals while the euro is high and the global economy uncertain, because metals are considered safe-haven protective assets. The physical commodity wholesaler has opportunities for new and existing Independent Dealers to join Hunter Wise Commodities.
Hunter Wise operates under a unique business model which provides its Independent Dealers partners with multiple revenue-sharing opportunities.
“We’ve seen gold hover around the $1,675 mark lately, but we predict that in future weeks, the price will only continue to rise from $1,700. This is a great time to consider becoming an independent precious metal dealer with Hunter Wise,” said Martin.
Additional information about breaking into the precious metal market with Hunter Wise Commodities’
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About Hunter Wise Commodities
Hunter Wise Commodities, LLC is an affiliate of Hunter Wise Financial Group, LLC. The wholesale dealer specializes in the purchase and sale of precious metals such as gold, silver, platinum, palladium and copper. The company’s corporate headquarters are in Las Vegas, Nev., with additional offices in Irvine, Calif., and London, England. For more information about the company, visit http://www.hwcom.com/