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 plummeted to a three week low on Wednesday with investors selling following Tuesday’s less than expected U.S. interest rate cuts and the dollar’s gaining strength. The Federal Reserve cut interest rates Tuesday by three-quarters of a percentage point, instead of the full percentage point many were expecting. The dollar generally declines with interest rates […]

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Gold hit many analysts expectations Friday when New York gold swung to a new record high of $1,009 an ounce. The falling value of the U.S. dollar, the continuing housing slump and the hedge against inflation all helped to spur gold forward. Silver stayed above the record $20 an ounce it first hit last week […]

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The strength in silver and gold eased slightly for the week while platinum experienced a dip. London Fix Monday through Friday gold was down $6 to close at $973 Friday – one dollar higher than last Friday’s close. Silver passed a milestone in moving above $20 an ounce. However, London numbers had it up only […]

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Gold skidded nearly 2% lower today after sizzling to a new high just yesterday on the New York Mercantile Exchange. Gold initially remained steady through morning trading after coming off yesterday’s intraday record of $992 an ounce. At around 11 a.m. Eastern, gold started a downward sprint as profit-taking took hold. In the end, New […]

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Platinum took third chair this week with silver and gold making record-breaking strides. The weakening U.S. dollar made its presence felt, pushing investors toward commodities. On the New York Mercantile Exchange, gold for April made $978.50 and inched closer to $1,000 an ounce. The London Fix Monday through Friday gold was up $24 or 2.5% […]

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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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