Monthly Archives: August 2011

U.S. gold futures prices surged above $1,800 an ounce and to a third straight record close as jittery investors fled stocks and sought safety against renewed concerns about the U.S. and global economies.

On the day, December gold prices rallied $28.20, or 1.6 percent, to $1,822.00 an ounce on the Comex in New York. Gold traded from an intraday low of $1,786.80 to a high of $1,829.70. The yellow metal has closed higher for four straight days, lifting its 2011 gain to $400.60, or 28.2 percent [...]

Collectors sought coins composed of silver more than gold, according to the latest United States Mint sales figures.

In terms of numismatic weekly improvements, 48 U.S. Mint products outperformed their previous increases. Gold coins were just as hot as silver ones in that regard. A string of record high gold prices boosted the sales pace of several gold and commemorative coins despite a series of suspensions.

As precious metals soared last week, the United States Mint first suspended sales of numismatic gold coins and then stopped selling commemorative gold coins [...]

Gold prices opened with double-digit gains on Thursday and touched $1,817.90 per ounce ahead of the New York session's start even as the US dollar reclaimed the 74.00 level on the trade-weighted index. For a change (but not much of one) silver tried to keep in lockstep with gold but managed only a 20 cent rise out of the market's starting gate (to $40.44).

In day-to-day reversal of fortunes, platinum and palladium declined as some profit-taking emerged in the wake of yesterday's rallies and as the impact of demand-based apprehension made itself felt in the trading pits. The former lost $1 (quoted at $1,836) and the latter fell $5 (to $767) as the action got underway in New York. [...]

Promptly responding to dealers' comments about the first Official ANA-PNG Pre-Show in Chicago, leaders of the American Numismatic Association and the Professional Numismatists Guild have announced significant changes for next year's event in Philadelphia.

"There's always room for improvement in any show, but I think we laid a good foundation in our first attempt at a joint event, and the next show will be even better," said incoming ANA President Tom Hallenbeck. "We have constructive ideas for Philadelphia in 2012 and when we return to the Chicago area in 2013."

Leaders of the ANA and PNG met on August 15, 2011 during the pre-show in the Chicago suburb of Rosemont, Illinois to take action on dealers' concerns. Among the [...]

Gold futures prices Wednesday settled to a new record high for a second straight day. A weaker greenback was supportive, as was news of rising inflation and continued worries over euro zone debt.

December gold prices rose $8.80, or 0.5 percent, to end at a fresh record of $1,793.80 an ounce on the Comex in New York. Gold traded between $1,781.60 and $1,797.600. The latest increase puts the yellow metal up $372.40, or 26.2 percent, in 2011 [...]

The United States Mint on Thursday at 5:00 PM Eastern Time will increase prices for the 2011 September 11 National Medals, also known as the 9/11 Silver Medals. Their prices will rise by $10 from their introductory price of $56.95 to their regular price $66.95.

The September 11 National Medals debuted on June 20, 2011. They are produced in commemoration of the 10th anniversary of the September 11, 2001 terrorist attacks on the U.S. and the establishment of the National September 11 Memorial & Museum at the World Trade Center [...]

Precious metals markets opened steady-to-higher for the midweek session in New York this morning.

While gold and silver made only very modest advances that threatened to turn into potential losses, platinum and palladium staged fairly hefty rallies at the start of the trading day.

Spot gold opened flat at $1,787.00 the ounce on the bid-side while silver gained a quarter to open at $40.16 the ounce. Overcoming the $40.50 area is still the white metal's "task" in order to try to draw near an ultimate short-terms potential target around $42.30 per ounce [...]

Baldwin's are celebrating their 25th year holding auctions in the Orient this year and this, the 51st auction for the group, is set to be a sale to remember.

The sale, which will be held on the 25th August at the Holiday Inn Golden Mile, Kowloon, comprises 1064 lots of far eastern and world coins and banknotes, many with exceptional provenance and of extreme rarity.

The Hong Kong Coin Auction group was started in 1986 by B H Lim of Taisei Singapore, Andre de Clermont and Daniel Fearon of Spink, London. Baldwin's were involved from Auction No 1 as [...]

U.S. gold futures closed to a new record and advanced for a second straight day Tuesday, supported by safe-haven demand that ignited after weak economic data came out of the European Union.

December gold prices advanced $27.00, or 1.5 percent, to close at an all-time record high of $1,785.00 an ounce on the Comex in New York. Prices swung from $1,763.60 to $1,789.80. Gold has surged 25.6 percent in 2011. Some market watchers are wary of the yellow metal given its fast-paced run [...]