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 briefly climbed up by almost 2 percent after the Fed’s expected announcement yesterday of a quarter-point drop in its key interest rate. The rise was short lived, however. The US dollar pulled back and gained strength Thursday morning. And moving in the opposite direction was gold, reaching for a four-month low with a New […]

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Gold was hit sideways and then fell to a more than three-month low Tuesday as oil prices declined by more than $3, the U.S. dollar gained strength and continued expectations for the Federal Reserve to cut interest rates Wednesday for the last time caused pause for the yellow metal. Gold dropped $18.70 or 2.1 percent […]

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Precious metals swung lower this week following strength in the U.S. dollar. Silver and platinum slumped on the London Fix for Monday through Friday with a loss of $1.18 and $79 respectively. Silver closed down this week by 6.6% to $16.68 an ounce compared to last Friday’s close of $18.18. Platinum dropped to $1,951 an […]

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Gold slipped to its lowest level in nearly three weeks with the New York spot price reaching as low as $897.10 an ounce. Gold’s more than 2 percent drop on Wednesday was contrasted with a gain in the U.S. dollar against most other major currencies. While gold is less expensive to countries outside the U.S. […]

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Silver and platinum moved upward on the London Fix for Monday through Friday with a gain of $0.73 and $77 respectively. Silver closed Friday at $18.18 an ounce and platinum at $2,026 an ounce. Gold, on the other hand, lost $9 to close Friday at $928 an ounce.   Gold was “heavily weighed down by […]

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Silver, gold and platinum remained largely unmoved for the week. Monday through Friday London Fix gold curved upward by $13 while silver dropped a penny and platinum fell by $4.   “There is a general tone of lower willingness to take risk at this point. I think you are probably seeing people being hesitant or […]

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There still seems to be an undercurrent of "positive expectations" that precious metals will eventually head to new peaks. But not this week. Silver, gold and platinum all dipped. The largest shake-up happened on Tuesday with gold falling to a two-month low and below $900 an ounce. Silver and Platinum followed the yellow metal. In […]

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Gold plunged to a two-month low and below $900 an ounce on Tuesday. The continual rise of the US dollar is making the metal less attractive and investors are hitting their sell buttons. On top of the dollar’s rise, falling oil prices have also made gold less appealing. At 11:42 a.m. (ET), New York spot […]

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Gold prices are currently down and they have been since the metal’s high of $1030.80 exactly two weeks ago. New York spot gold at 1:30 p.m. (ET) today was at $916.70 an ounce. While expectations could very well be that gold will eventually climb back and set fresh records, is the United States Mint remiss […]

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Precious metals climbed for the week, recovering somewhat from their large free-fall last week. Gold was weakest in its climb, rising just 0.4% on the London Fix. Silver and platinum increased 4.5% and 3.8% respectively. The metals were agitated by a firming US dollar and weaker oil prices. In response to gold, James Moore from […]

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