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.

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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As stocks ended slightly lower Wednesday and the markets anxiously awaited the Senate’s vote on its proposed financial rescue plan, New York precious metals moved into positive territory. Nymex silver, gold and platinum futures gained 4 percent, 0.7 percent, and 1.4 percent, respectively. November crude oil dropped $1.78, or 1.8 percent, to $98.89 per barrel. […]

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New York precious metals retreated Tuesday as stocks rallied and the U.S. dollar surged amid hopes the passage of a financial rescue plan is still possible from Capital Hill. Nymex silver, gold and platinum futures lost, 5.8 percent, 1.5 percent, and 5.6 percent, respectively. November crude-oil recovered from Monday’s more than $10 loss to settle […]

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The Royal Canadian Mint has been able to sustain its inventory of gold coins, unlike the U.S.Mint, as physical demand for gold has surged in September due to volatile markets and financial uncertainty. The U.S. Mint suspended one-ounce Buffalo gold coin sales to authorized dealers Thursday when demand exceeded supply. For the same reason in […]

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Gold gained about 20 percent since Sept. 11 as safe-haven demand drove physical demand to such a level that the U.S. Mint suspended Buffalo gold coin sales Thursday due to depleted inventories. Gold profit-taking snatched several percentage point gains on Friday, but the yellow metal ended the day and week up. London gold and silver […]

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The Wall Street Journal reported the Commodity Futures Trading Commission (CFTC) confirmed Wednesday that there’s a new investigation into the silver market. Apparently, the CFTC has received numerous complaints that silver was in short supply — verified by reported visits to various coin shops, yet prices were manipulated lower by large investors. WSJ writes:   […]

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New York precious metals retreated while the U.S. dollar climbed Thursday as news of a "fundamental" agreement came from Washington regarding the U.S. $700 billion financial rescue plan. Nymex Silver, gold and platinum futures lost, 1.2 percent, 1.5 percent, and 2.8 percent, respectively. November crude-oil recovered from Wednesday’s 88 cent loss to gain $2.29, closing […]

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