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.

Day, after day, after day, after day … and so on. Gold continues to surge past the previous day’s record highs. It hit $897.30 on the New York Mercantile Exchange (NYMEX), which was higher than the record of $894.40 on Wednesday. Gold was helped today after Federal Reserve Chairman Ben Bernanke indicated more interest rate […]

{ 1 comment }

Driven by investors, gold has climbed to its latest record of $876.40 an ounce or more than $7 above last week’s historic high of $869.05. Spurring gold was a softening of the US dollar as investors weighed in the likelihood of the Federal Reserve cutting interest rates at the their Jan. 30 meeting. China is […]

{ 0 comments }

Uninspiring jobs data, fear of recession and oil spiking to a historical century mark of $100-per-barrel all helped to bat down stocks for losses this week. The story was different for smiling silver, gold and platinum buyers. The metals were welcomed into and through the new year with fresh and never before seen highs. The […]

{ 1 comment }

The new year has started with several ups … and downs. Bullion was up, up and up. Oil was sharply up. However, the stock market wobbled and the US dollar weakened. For the record books: Gold rockets passed the 28-year old highs seen in January 1980, swept over the $850 barrier and reached up for […]

{ 1 comment }

Rocketing fuel costs, bad housing news, inflation and recession debates, interest rate adjustments or lack of, a volatile stock market … 2007 has been an interesting one. Then there’s the shiny stuff … precious metals. They performed in absolute style for 2007 and provided a year of a different type of excitement. Anyone who started […]

{ 1 comment }

Platinum was the noise of the week in precious metals hitting an all time high on Tuesday with a spot price of $1,519. It faltered ever so slightly since, but still ended Friday at $1,516 an ounce. Gold had a respectable climb for the week and stayed above the $800 rim to close at $810.50. […]

{ 2 comments }

Platinum hit a record high as strong industrial demand and supply fears drove investors to buy. Spot platinum made it to $1,519 an ounce, breaking the $1,500 barrier for the first time on Monday. It then pulled back slightly for the night, yet was still sitting at $1507 an ounce at 2:20 p.m. (ET on […]

{ 1 comment }

As most analyst expected last week, the Fed lowered interest rates by 25 basis points. Ironically, the expected seemed unexpected to Wall Street as the market reaction soured with disappointment – there was no early Christmas present of a larger cut. Stocks closed lower Friday with renewed inflation worries and the fear it’ll prevent the […]

{ 1 comment }

Friday, Dec. 14th, is the final day to purchase this year’s commemorative coins from the US Mint. The Jamestown 400th anniversary $1 silver and $5 gold coins and the Little Rock 50th anniversary silver dollar haven’t sold out. However, the law mandating them states that the coins can only be issued during a one-year period. […]

{ 0 comments }

Bullion movement was overall uneventful most of the week. More attention was paid to employment and housing reports. Analyst were closely monitoring the data and whispers of the Fed, trying to judge potential interest rate adjustments. Given the latest data, many analysts expect a quarter-point cut next week. For news on these fronts, watch the […]

{ 0 comments }