Bullion Articles and Precious Metal Reports

Daily morning commentary on gold, silver, platinum and palladium, as well as their closing prices in New York and London are provided in the following bullion articles and precious metals reports.

New York precious metals futures were again mixed on Tuesday, as investors monitored a falling stock market and watched world governments inject capital into banks. Gold dropped for the fourth straight day, but lost just 0.4 percent. Platinum and silver moved to the positive side, with 4.4 percent and 2.4 percent gains respectively. November crude […]

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On news world governments were to buy bank stakes, stocks soared 11% on Monday, marking their first rise in nine sessions and setting various new records. The luster in stocks made ill for gold. The yellow metal faltered for the third session, dropping 1.9 percent compared to platinum’s 0.8 percent fall. Silver shined with a […]

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Gold, silver and platinum were pressured lower Friday, but ended higher for the week in London. London silver, gold and platinum prices climbed 4 percent, 7.7 percent, and 4.4 percent, respectively. The Dow and S&P sank just over 18 percent, while the Nasdaq lost 15.3 percent. November crude-oil on Nymex fell $8.89 Friday to settle […]

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silberinfo’s exclusive interview with the The Perth Mint of Australia provides some interesting insights into one of the world’s largest Mints. Ron Currie, Sales and Marketing director of The Perth Mint, answers a bevy of company and coin product questions, including why they’re able to keep up with bullion demand while Mints like the US […]

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As stocks tumbled for the seventh straight day on Thursday, New York precious metals futures were a mixed bag. Silver and platinum climbed 0.93 percent and 3.12 percent, respectively, while gold fell 2.2 percent. Oil joined gold and stocks, falling 2.7 percent, and to its lowest level in more than a year. November crude-oil fell […]

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New York gold futures gained 2.8% as inflation talk picked up steam after the Fed and world central banks cut interest rates in an emergency announcement on Wednesday in an attempt to ease the credit crunch. Silver moved higher while oil and platinum fell. Investors find gold more attractive as inflationary pressures on the dollar […]

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Investors concerned over the financial markets continued to seek solace on Tuesday with the traditional safety of precious metals over a volatile stock market. New York silver, gold and platinum futures climbed 0.8 percent, 1.8 percent and 4 percent, respectively. As if to mark the latest surge, as of Monday, physical demand for the yellow […]

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American Eagle Gold Uncirculated CoinThe United States Mint halted production and will no longer ship 2008 one-half ounce and one-quarter ounce American Eagle gold coins to authorized dealers, it was announced Monday. Additional gold and platinum coins will be halted when their blank inventories are depleted.

 

"Due to the extreme fluctuating market conditions for 2008, as well as current market conditions, gold and silver demand is unprecedented and the demand for platinum is unusually high," the U.S. Mint said in a memorandum.

"The U.S. Mint has worked diligently to attempt to meet demand, however, blank supplies are very limited and it is necessary for the U.S. Mint to focus remaining bullion production primarily on American Eagle Gold one-ounce and Silver one-ounce coins," the Mint said.

 

Read the rest of this numismatic news article »

 

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Across the board market declines painted an ugly picture this week. London silver, gold and platinum prices plunged 14.2 percent, 5.5 percent, and 13.4 percent, respectively. The blue-chip average ended down 7.4 percent, the S&P fell 9.4 percent and the Nasdaq lost 10.8 percent. Crude fell more than 12 percent. The U.S. $700 billion bailout […]

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New York precious metals jumped off a cliff Thursday and hit the ground hard. Silver, gold and platinum plunged 13 percent, 4.8 percent and 4.9 percent, respectively. Precious metals weren’t lonely in their fall. U.S. stocks tumbled while oil lost 4.6 percent. In fact, markets on the whole moved lower over economic concerns that were […]

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