The prices of gold and silver can be tracked via the commodities market charts on business specialty websites such as CNN Money. Precious metals, such as gold, silver and platinum, are not traded on the stock market but are traded as exchange-traded funds on the commodities market. However, gold and silver prices do influence the share prices of precious metals mining companies on the stock market, notes Investopedia.com.
The following steps show how to track the price of gold and silver on the commodities market via the CNN Money website:
- Go to the website
- Go to the CNN Money page
- Go to the Markets page
Type CNN.com into the browser and press enter.
Navigate to the CNN Money page by clicking on the Money option on the menu bar on the home page.
Click on the Markets option on the CNN Money page. The next page displays a condensed form of various markets including the commodities market. Click on the Commodities panel to go the main commodities page. Scroll down the page to view gold and silver prices.
Apart from the commodities market, there are other ways an investor can buy into precious metals such as gold, silver and platinum. These include the futures and options market, investments in coins and gold bars and in certificates of gold ownership. Investors can also invest indirectly in gold and silver by investing in mining firms in the stock market, but only if they know how to value mining stocks, states Investopedia.com.