Gold cruised forward Wednesday for its biggest gain of the week, and halted a two-day slide. A weakened U.S. dollar was a cited catalyst for the yellow metal’s climb. Silver and platinum advanced as well. In other markets, oil prices fell following data showing higher crude inventories. U.S. stocks rose modestly.
In New York trading futures for bullion:
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Silver for July delivery gained 16.6 cents, or 1.2 percent, to 13.74 an ounce.
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Gold for August delivery jumped $13.90, or 1.5 percent, to $941.30 an ounce.
- October platinum rose $19.80, or 1.7 percent, to $1,205.10 an ounce.
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Demand is lower for bullion coins? Poppycock. US Mint sales figures released Wednesday say otherwise.
Marking the third best month of a record setting pace year, demand in June for American Eagle Gold and Silver Bullion Coins jumped aggressively over May.
Silver eagle sales soared in June, rising 340,500 higher than May figures. 2,245,000 silver bullion eagles were sold. The total is now 13,824,500 for an annualized rate that is easily on track to smash last year’s 20,583,000 record. Read the rest of this entry »
The Louisa Adams First Spouse Gold coins launched in May 2008 to mark the sixth release in a commemorative program to honor American First Ladies.
Thursday morning is the last opportunity for collectors to purchase these coins from the United States Mint, based on past Mint policy and practice. Further, they could be the scarcest in the series to date.
Since the 24-karat, $10 denominated gold series began in 2007, only eight coins depicting First Ladies have been available from the US Mint at any given time. When a new release occurs, the Mint has pulled the eldest, prior year spouse offering from its store. Read the rest of this entry »
