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 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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New York gold prices inched slightly higher Wednesday, as the markets watched the financial debate and waited for any Washington movement on the U.S. $700 billion bailout plan. Silver, gold and platinum futures rose, 2.1 percent, 0.4 percent, and 1.2 percent, respectively. November crude-oil lost 88 cents to settle at $105.73 per barrel. The U.S. […]

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New York silver, gold and platinum futures fell Tuesday, as the U.S. dollar showed strength and crude dropped following yesterday’s monstrous surge. After gaining more than $16 Monday, November crude-oil fell $2.76 to end at $106.61 per barrel. December silver lost 28 cents to close to $13.17 an ounce. October platinum fell $23.80 to end […]

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Gold and silver enjoyed sharp gains in a week where markets were up and down over concern for worsening financial conditions. Within a 48-hour span, gold rose and fell by the largest amount in 28 years. In the end, London gold and silver posted weekly gains of 11.5 percent and 12.1 percent, respectively. Platinum dropped […]

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New York precious metals pushed ahead Thursday with a second day of sharp gains. Futures in silver, gold and platinum were up 9 percent, 4.7 percent, and 5.5 percent, respectively. Continual concern over the global financial sector and its uncertainly lured investors toward traditional safe-haven gold, but the ride was a roller-coaster with sharp ups […]

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New York silver, gold and platinum futures were on fire Wednesday as the government’s takeover of American International Group (AIG) and financial uncertainty spurred investors away from Wall Street and toward precious metals and oil. Gold marked is biggest dollar gain in more than two decades with a $70 rise. October crude-oil jumped $2.35, or […]

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