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 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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New York precious metals declined Tuesday with platinum plunging 9.2 percent, gold dropping 0.8 percent, silver declining 5.6 percent, and October crude-oil free-falling by $4.56 to $91.15 per barrel. December silver ended at $10.52 an ounce. October platinum was hit hard with its close of $1,068.50 an ounce. Weakening car sales in Europe, China and […]

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US inflation fell for the first time in two years with a rate of 5.4 percent in August from a year ago. That compares to July’s 5.6 percent according to Bureau of Labor Statistics data released Tuesday. A decrease in inflation makes inflationary-hedge investments in commodities like gold and oil less attractive, but turmoil in […]

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Gold snapped its longest losing streak in 8 years Friday to climb with other precious metals. The upward moves helped recover metal losses for the week where London silver, gold and platinum plunged 12.8 percent, 7 percent and 13 percent, respectively. The Dow gained 1.8 percent and the Nasdaq 0.2 percent. October crude-oil on Nymex […]

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As the U.S. dollar strengthened Wednesday, New York precious metals futures continued their several day free-fall. Silver, gold and platinum dropped hard, losing 7 percent, 3.7 percent and 5.6 percent, respectively. Silver moved below $11 an ounce, and platinum below $1200 an ounce. Gold hit a new 11-month low. October oil fell 68 cents to […]

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New York precious metals were violently battered downward Tuesday, as silver, gold and platinum lost 2.9 percent, 1.3 percent, and 6.7 percent, respectively. The metals followed crude-oil prices, which neared $100 per barrel on expectations OPEC would not reduce output and new forecasts showing Hurricane Ike’s aim could miss major refining operations in the Gulf. […]

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New York silver, gold and platinum futures dropped Monday, as the U.S. stock market and the dollar soared after the government’s takeover over of Fannie Mae and Freddie Mac. October oil climbed 11 cents to $106.34 per barrel in the wake of concern about the possibility that Hurricane Ike could disrupt oil in the Gulf. […]

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Precious metals fell for the week with silver, gold and platinum plunging 6.3 percent, 2.8 percent and 4.4 percent, respectively. As the U.S. dollar climbed, stocks and crude oil declined. For the week, the Dow lost 2.8 percent and the Nasdaq 4.7 percent. October oil on Nymex hit a five-month low of $106.23 per barrel, […]

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