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.

A weakened U.S. dollar and an expected Federal Reserve rate cut on Wednesday helped shore up New York silver, gold and platinum futures. Each enjoyed gains of 11.5 percent, 2.0 percent and 1.0 percent, respectively. After trading hours, the Fed cut its key interest rate to 1 percent, which was inline with most analysts’ expectations. […]

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A massive stock market rally on Tuesday and a firming U.S. dollar helped pressure New York gold and silver futures down by 0.3 and 4.4 percent, respectively. The Dow rallied as much as 906 points, and finally closed 889.59 points higher for an advance of 10.9 percent — its second best day ever. The S&P […]

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New York gold futures marked a second straight positive day on Monday by gaining 1.7 percent. Silver and platinum fell 1.1 and 0.6 percent, respectively. After last week’s 11 percent drop, crude continued downward losing 1.4 percent. December oil fell 93 cents to close at $63.22 per barrel, marking its lowest level since May of […]

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Precious metals were beat down harshly for a second consecutive week. London gold, silver and platinum tumbled 9.3 percent, 11.3 percent, and 14.7 percent, respectively. Since last Friday’s close, the Dow dropped 5.3 percent, the S&P lost 6.8 percent, and the Nasdaq fell 9.3 percent. Other world markets performed just as sourly. Nymex December crude […]

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New York gold finally showed some luster Friday by rising 2.2 percent. Silver and platinum fell 2.2 and 1.3 percent, respectively, although they gained back a sizable portion of earlier day losses. Oil tumbled once again, and has fallen 11 percent on the week. December crude oil fell $3.69, or 5.4 percent, to close at […]

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Gold and platinum were dragged under Thursday, as fund liquidation and a rising U.S. dollar provided no mercy. Gold touched below $700 for the first time since September of 2007 and platinum tumbled to its lowest level in more than four years. New York gold and platinum futures plunged 2.8 and 5.2 percent, respectively. Silver […]

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Precious metals melted Wednesday under a barrage of broad selling across stocks and commodities. New York gold futures plunged 4.3 percent to mark a one year low while silver and platinum fell 6.2 percent and 3.9 percent, respectively. The U.S. dollar trumped other world currencies supporting declining commodities. December crude oil fell $5.43, or 7.5 […]

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Gold returned to its recent slump, falling Tuesday along with platinum and oil. A stronger U.S. dollar and fund liquidations were cited culprits for gold’s downturn. For the day, New York gold and platinum futures fell 2.8 percent and 0.1 percent, respectively. Silver was a precious metals standout as it gained a healthy 4 percent. […]

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Gold snapped its pessimistic losing streak on Monday, digging ever so slightly out from a seven-day tomb of death. The yellow metal finally made a stand and rose above the turmoil with oil prices. New York silver, gold and platinum futures gained 3.7 percent, 0.3 percent, and 1.3 percent, respectively. November crude posted its second […]

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London gold, silver and platinum were pressured lower most of the week as each tumbled 9.9 percent, 9.3 percent, and 13.2 percent, respectively. The Dow climbed 4.75 percent, its strongest weekly gain in 4-1/2 years, while the S&P gained 4.6 percent, and the Nasdaq rose 3.75 percent. November crude gained $2, or 2.9 percent, to […]

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