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.

Gold took its negative direction this week from tumbling oil prices and a stronger US dollar. Platinum faired worse by reaching toward six-month lows earlier, but managed to recover some of its lost ground Friday. London silver closed the week to $17.55 an ounce — a loss of $1 from last Friday and a drop […]

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New York platinum continued its free fall Thursday while gold stopped bleeding to close just slightly lower. Crude-oil gained $1.05 to end at $125.49 a barrel, but a firm US dollar kept gold in check. Car demand fear was cited for platinum’s loss, as the metal is used in catalytic converters. The metal is near […]

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New York silver, gold and platinum continued their slide downward Wednesday following lower crude-oil prices, and moving opposite of the US dollar. Oil was below $125 a barrel, mellowing inflation worries. The dollar gained against the euro. Silver lost 54 cents to $17.46 an ounce. Platinum continued its free fall, dropping to $1,760.80 an ounce […]

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New York precious metals dropped sharply Tuesday while oil was driven lower and the US dollar gained strength following comments from Treasury Secretary Paulson and Philadelphia Fed President Charles Plosser. Both reaffirmed support for a strong dollar, signaling potential interest rates hikes. Silver dropped sharply, losing 43 cents to close at $18 an ounce. Platinum […]

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Gold settled, remaining largely unchanged for the week after Iranian tensions appeared to ease and financial markets stabilized. Weaker crude oil prices also weighed in to help keep gold in check. Platinum experienced five pounding days of losses as lowering supply fears slammed prices down. London silver closed to $18.55 an ounce — a loss […]

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New York gold nudged up as silver and platinum dropped along with crude-oil prices. The yellow metal, however, lost half of its earlier gains as the impact of falling oil and a rising US dollar started to take hold. Silver lost 8 cents to close at $18.73 an ounce. Platinum dropped like a brick to […]

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New York gold showed spark early, but gains were dampened by oil’s largest daily drop in more than 17 years. Concerns over a beleaguered financial sector and the U.S. credit crisis weakened the U.S. dollar against the euro, helping gold early. Then Fed chairman Ben Bernanke testified before the Senate Banking committee. Much larger concerns […]

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Gold increased sharply by 4.5 percent this week and hit a four-month high Friday. Silver climbed 3 percent and platinum gained 2.2 percent. Major precipitating factors cited for the gains include U.S. stocks marking a 2-year low, heightened oil prices and concern over escalating tensions between Iran and the West. London silver closed to $18.38 […]

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New York silver, gold and platinum increased Thursday, moving inline with higher crude oil prices. Gold performed at its best upward pace since last week and was helped further by a weaker US dollar. Silver gained 14 cents to close at $18.32 an ounce. Platinum increased sharply to $2,000.90, gaining $26.40 for the day. Reports […]

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New York gold and platinum dropped Tuesday as the US dollar gained and crude oil fell by more than $5 a barrel to record its largest loss in nearly four months. Silver pulled slightly up, rising 3 cents to settle at $17.95 an ounce. Platinum dropped with gold, moving to $1950.40 an ounce and losing […]

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