Silver, gold and platinum — all precious metals, for that matter — are experiencing sharp declines this morning.
A slide in crude oil prices combined with a strengthening U.S. dollar are sighted as reasons for bullion declines.
Spot gold has fallen 2 percent, and platinum by 3 percent. Prior to 11:00 a.m. (ET), New York spot silver was at $17.46 an ounce, gold dropped to $897.10 per ounce and platinum was down to $2,049 an ounce. Precious metal futures declined as well.
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2008 First Spouse gold coins and bronze medals honoring Louisa Adams may be purchased from the United States Mint Thursday, May 28. The Louisa Adams gold coins are the second for 2008 and sixth in the First Spouse Gold Coin Series - a series that started off blazing hot, but have drastically cooled due to prices and demand.
Martha Washington, Abigail Adams and Jefferson’s Liberty First Spouse gold coins flew of the Mint shelves and sold at records speeds — within hours of their availability.
The fourth and fifth coins — Dolley Madison and Elizabeth Monroe — sputtered. Their demand in the secondary market cooled and the high price of gold made buying them a larger obstacle.
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