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.

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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Platinum took a mad dash upward earlier today, breaking another new record of $1,803.80 an ounce on the New York Mercantile Exchange (NYMEX). Investors watching the power shortage problems in South Africa, who produce four-fifths of the world’s platinum, bet on a constricting supply.   “Mine output disruptions continue to fuel the rally” in platinum, […]

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Gold and platinum were in mixed moods this week. Gold had spiked Wednesday on the New York Mercantile Exchange (NYMEX) after the Federal Reserve cut interest rates by a half-percentage point Wednesday. However, profit taking and a stronger dollar relieved gains, forcing gold down sharply Friday. Platinum, on the other hand, spurred forward after a […]

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The Federal Reserve sliced interest rates by a half-percentage point Wednesday, another significant cut that follows on the heels of the emergency three-quarter percentage point reduction just eight days ago on Jan. 22. The federal fund rate, an overnight bank lending rate that affects how much interest consumers pay on credit cards, home equity lines […]

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Gold and platinum dazzled this week and closed Friday at all-time highs. Bullion prices were spurred along by the Fed’s emergency rate reduction last Tuesday, the expectations of further cuts in their next meeting on Wednesday, the dollar’s weakness, solid oil prices and the closing of South African mines on Friday due to a power […]

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Gold broke the $900 per ounce plane once again and platinum peaked to a new historic record today. Gold had tumbled for a time this week but the Federal Reserve’s unexpected slashing of interest rates Tuesday helped change the momentum. Spot gold hit an earlier high of $910.50 an ounce and was at $907 by […]

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The precious metals weren’t as precious this week with London silver, gold and platinum closing lower Friday compared to Monday’s highs. London Fix numbers as reported at Friday’s close: Silver at $15.83 Gold at $882 Platinum at $1,560 The new and improved silver, gold and platinum weekly charts are below as well as two videos […]

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Gold Down 2.4 Percent

by CoinNews.net on January 16, 2008 · 1 comment

Gold reached a new record peak just yesterday at $916.10 on the New York Mercantile Exchange (NYMEX). Today, corrections appear to be in order. Profit taking came into the mix after the dollar gained strength against the euro and oil prices declined. Many analyst had indeed forecasted corrections occurring shortly after gold went above $900 […]

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Gold was the bullions news item of the week. It punched through several new heights, breaking previous day record highs more than once. The fears of recession and remarks by Federal Reserve Chairman Ben Bernanke signaling the Fed would take measures against recession risks helped gold’s momentum. Friday close London Fix numbers: Silver at $16.06 […]

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Gold Breaks $900 Barrier

by CoinNews.net on January 11, 2008 · 1 comment

Gold futures briefly crawled over $900 an ounce on Friday for the first time on the New York Mercantile Exchange (NYMEX). It landed on $900.10 and settled back down to $897.80. The driving factors haven’t changed: Weak U.S. Dollar High oil prices Uneasy investor hedging And U.S. recession fears, resulting in upcoming interest rate cuts […]

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