The Smart Man's Guide
Smart Carats Weekly Pricing Update
Diamonds: Diamond prices hold strong this week with no changes on the Rap List. Prices are still very high and have been increasing at a significant rate so far in 2011.
Gold: Gold futures rebounded on speculation that the Federal Reserve will keep interest rates low to stimulate the U.S. economy, boosting the appeal of the precious metal as an alternative to the slumping dollar. Gold futures for August delivery rose $7.20, or 0.5 percent, to $1,539.90 an ounce at 10:52 a.m. on the Comex in New York. Earlier, the price climbed as much as 1 percent. Last month, the metal fell 1.3 percent after reaching a record $1,557.40 on May 2.
Silver: Silver futures for July delivery fell 28.2 cents, or 0.8 percent, to $35.92 an ounce, heading for a weekly loss.
Platinum: Platinum futures for July delivery fell $1.80, or 0.1 percent, to $1,816 an ounce.
Palladium: Palladium futures for September delivery rose $10.60, or 1.4 percent, to $781 an ounce on the New York Mercantile Exchange.