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.

American Eagle Gold Uncirculated CoinOverwhelming demand forced the United States Mint to suspend one-ounce American Eagle gold coin sales to their network of Authorized Purchasers on August 17.

The suspension of the investment gold coins has been lifted — at least on a limited bases, according to a U.S. Mint memo to its authorized dealers on August 22.

 

“The unprecedented demand for American Eagle gold one-ounce bullion coins necessitates our allocating these coins among the authorized purchasers on a weekly basis until we are able to meet demand."

 

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Precious metals enjoyed positive gains this week with London silver, gold and platinum rising 4.69 percent, 3.32 percent and 3.26 percent respectively. Stocks and the U.S. dollar rallied, as oil plunged Friday. October crude-oil fell sharply Friday by $6.59 to close to $114.59 a barrel. Its one-day percentage loss was the biggest since 2004. London […]

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New York silver, gold and platinum lost a part of their recent gains Friday, as oil tumbled and the U.S. dollar and stocks rallied with Federal Reserve Chairman Ben Bernanke’s calming inflation comments. After three straight session gains, October crude-oil fell sharply by 5.4% or $6.59 to close to $114.59 a barrel. Its one-day percentage […]

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New York silver and platinum rallied sharply Thursday with each rising over 5%. Gold shined as well moving up 2.8%. A soft U.S. dollar that was tripped by financial worries and rebounding crude-oil prices were cited as precious metals catalyst shakers. October crude-oil gained for the third consecutive session, rising an impressive $5.62 to close […]

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New York platinum was the biggest precious metals mover Wednesday, while gold and silver experienced small losses. September crude-oil gained for the second consecutive session, rising 45 cents to close at $114.98 a barrel. Silver for September fell by 6.5 cents to close to $13.04 an ounce. October platinum gained $17.60 to end at $1,368.90 […]

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New York platinum continued its downward spiral Tuesday falling 3.1 percent. Silver and gold, on the other hand, experience gains after oil’s surge and the US dollar’s decline. After three straight days of losses, September crude-oil gained $1.66 to close at $114.53 a barrel. Silver for September lost 0.5 cents to end at $13.11 an […]

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American Eagle Gold Uncirculated CoinThe Gold Anti-Trust Action Committee (GATA) reported Friday that the United States Mint has suspended sales of American Eagle gold coins to their network of Authorized Purchasers.

The suspended coins are bullion coins (non collector versions) the Mint will not sell directly to the public, but instead to Authorized Purchasers who can then sell to the public.

At the time of this writing, fractional collector proof and uncirculated American Eagle gold coins are still available through the Mint’s website, although the sharp drop in gold prices without a similar reduction in coin prices has resulted in much higher premiums for collectors to assume.

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Precious metals took brutal body blows this week with London silver, gold and platinum falling 16.4 percent, 8.9 percent and 10.8 percent respectively. A dominating U.S. dollar matched against weaker global currencies helped push the metal losses. Falling crude oil played its part as well. September delivery of crude dropped to $113.57 a barrel. London […]

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Overnight trading whiplashed precious metals into unconsciousness and a recovery appears to be nowhere in site on Friday. As of this writing, New York spot gold is below $780 an ounce, silver tanked to under $12.80 an ounce, and platinum plunged to below $1,350 an ounce. Senior analyst Jon Nadler at Kitco Bullion Dealers appropriately […]

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New York gold poked its head out of an eight day dark hole Wednesday only to jump back into it Thursday by dropping its previous day’s gain. Silver and platinum were also daily losers as investors eyed declining oil prices and a strong US dollar. September crude-oil lost 99 cents from its Wednesday $2.99 gain […]

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