Bullion & Business Weekend Report

by CoinNews.net on February 2, 2008 · 1 comment

Weekend Recap: Silver, Gold and Platinum Prices; Business Week NewsGold and platinum were in mixed moods this week. Gold had spiked Wednesday on the New York Mercantile Exchange (NYMEX) after the Federal Reserve cut interest rates by a half-percentage point Wednesday. However, profit taking and a stronger dollar relieved gains, forcing gold down sharply Friday.

Platinum, on the other hand, spurred forward after a mid-week slump and sustained record-breaking momentum. Silver hit a fresh milestone above $17 an ounce and just eased off a 28-year high.

London Fix numbers after Friday’s close:

Week % Change
Week $ Change
Friday Close



The silver, gold and platinum weekly charts are below as well as the business week wrap up video and three related articles.

CoinNews London Fix Charts: Silver, Gold and Platinum

(January 28- February 1)

The London Fix is one of the most used bullion quotes around the world. The London AM fix for gold and platinum begins at 10:30am GMT (5:30am in New York), and the PM fix begins at 3pm GMT (10am in New York). The London Fix for silver begins each business day at 12pm GMT (7am in New York).


Bullion and business related articles for the week

In related news, interesting or quick-read articles:

Business week wrap-up video by Reuters News

The three major US indexes were down significantly for the month of January.

  • The Dow was up 92 points Friday to close at 12,743. It lost 4.8% for January.

  • The S&P 500 gained 16 points Friday to close at 1,395. And down 6.2% for January.

  • Nasdaq rose by 23 points Friday to finish at 2,413. It was down 9.9% for January.

The Reuters video recaps the business week.


CoinNews bullion related collector tools

Bullion related calculator and currency tools that may interest you:

{ 1 comment… read it below or add one }

Koichi Ito February 3, 2008 at 3:13 am

Still precious metal is quite cheap. This week is buy for gold and silver, hold for platinum and palladium. It is a sell market for U.S. Dollar and buy market for Euro and Swiss Franc.

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