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.

Silver is fast approaching $20 an ounce and crossed over a 27 year high this week. Signs would seem to indicate there is a solid chance of it reaching over the $20 barrier and perhaps very soon. As of this writing 11:45 a.m. (ET), New York spot silver is at $19.67 an ounce. For coin […]

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Platinum did not experience a blowout performance compared to last week. However, Friday’s London close of $2,155 represents a respectable Monday through Friday gain of 3.21%. It closed the previous Friday at $2,060. Silver and gold out shined platinum with percentage gains of 5.47% and 4.20% respectively. Gold, in fact, hit a fresh record on […]

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Platinum blasted through several records this week with a final London close of $2,060 and up an impressive 8.54% for the week. With the rapid rise in platinum, the United States Mint suspended platinum coin sales to readjust prices. That, after just lifting the previous suspension last week.

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It’s like an irritatingly broken record – bullion rises and the United States Mint suspends bullion coin sales to readjust their prices. Platinum hit a record of $2,030.60 an ounce today on the New York Mercantile Exchange after just passing $2,000 yesterday. The further upward swing occurred after Impala Platinum Holdings Ltd., the second-biggest producer […]

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Platinum experienced a second consecutive week of impressive gains and records, climbing 4.32% on the London Fix. Silver and gold posted smaller, but still positive numbers. Platinum was the benefit of continual power shortage problems reducing production in South Africa mines, where four-fifths of the world’s platinum originates. At one point, platinum futures hit a […]

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Platinum took a mad dash upward earlier today, breaking another new record of $1,803.80 an ounce on the New York Mercantile Exchange (NYMEX). Investors watching the power shortage problems in South Africa, who produce four-fifths of the world’s platinum, bet on a constricting supply.   “Mine output disruptions continue to fuel the rally” in platinum, […]

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Gold and platinum were in mixed moods this week. Gold had spiked Wednesday on the New York Mercantile Exchange (NYMEX) after the Federal Reserve cut interest rates by a half-percentage point Wednesday. However, profit taking and a stronger dollar relieved gains, forcing gold down sharply Friday. Platinum, on the other hand, spurred forward after a […]

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The Federal Reserve sliced interest rates by a half-percentage point Wednesday, another significant cut that follows on the heels of the emergency three-quarter percentage point reduction just eight days ago on Jan. 22. The federal fund rate, an overnight bank lending rate that affects how much interest consumers pay on credit cards, home equity lines […]

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Gold and platinum dazzled this week and closed Friday at all-time highs. Bullion prices were spurred along by the Fed’s emergency rate reduction last Tuesday, the expectations of further cuts in their next meeting on Wednesday, the dollar’s weakness, solid oil prices and the closing of South African mines on Friday due to a power […]

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Gold broke the $900 per ounce plane once again and platinum peaked to a new historic record today. Gold had tumbled for a time this week but the Federal Reserve’s unexpected slashing of interest rates Tuesday helped change the momentum. Spot gold hit an earlier high of $910.50 an ounce and was at $907 by […]

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