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.

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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New York gold recovered some of its luster Wednesday as did silver and platinum. After eight consecutive sessions of losses, gold finally pushed its way up with today’s rising oil prices and a slippage in the U.S. dollar. September crude-oil gained $2.99 to close at $116 a barrel, after the U.S. Energy Department reported declines […]

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New York gold stretched its losing streak to eight consecutive days on Tuesday with a fall of more than $100 in August. Platinum took a body blow and staggered with a fall of $56. Both metals are at their lowest level since December of 2007. Gold had recovered somewhat earlier Tuesday, until a rallying US […]

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Precious metals continued their downward turn Monday with gold hitting is cheapest level since December of 2007. Declining oil prices — now $114.45 a barrel — and strength in the US dollar were the cited reasons. Silver for September was battered around, sliding 71 cents to close to $14.62 an ounce. October platinum decreased by […]

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The dollar’s rally against other major currencies and the continual slippage in crude oil prices surged US stocks forward while silver, gold and platinum took it on the chin. The precious metals experienced their third consecutive weekly losses in London with silver falling 9.3 percent, gold 6.3 percent and platinum 4.8 percent. Earlier talk of […]

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A strong US greenback was credited for New York silver gold and platinum losses Thursday. Gold’s decline marks the fifth consecutive day of poor performance for the yellow metal. Silver for September delivery lost 25 cents to close to $16.26 an ounce. October platinum lost $27.40, falling to $1,582.60 an ounce. December gold dropped $5.10 […]

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New York gold and silver fell Tuesday following a decline in oil prices and strength from the U.S. dollar. Platinum recovered some of its Monday losses. Oil lost more than $2 to close to $118 a barrel. Reuters’ Jan Harvey wrote that traders "focused on rising OPEC supply and easing demand in the United States […]

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Precious metals slid lower for the week with platinum feeling the worst of it after poor automotive results were announced. The metal is used in catalytic converters, which accounts for some 50 percent of its demand. Silver lost 12 cents for the week and gold dropped $17 mostly due to lower oil prices and strength […]

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Despite a decrease in crude oil prices, New York precious metals surged higher Thursday as US economic news weakened the dollar. Gold recovered most of Wednesday’s losses by rising 1.1 percent rise. And for the economic news… Real GDP fell 0.2% in the the fourth quarter of 2007, compared with the 0.6% increase previously reported, […]

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New York gold was driven lower during an earlier sell-off Wednesday, but recovered some of its losses to close above $900 an ounce after the US dollar showed weakness. A late oil rally and reduced inflation fears also lent support for the yellow metal. Oil gained $4.58 to close at $126.77 a barrel. Silver gained […]

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