Gold prices declined 0.9% this week, bucking expectations of many analysts who had forecasted higher prices before the week’s start. Gold, silver, other commodities and stocks were driven lower towards the end of the week as the U.S. dollar became the investment choice when drama ensued over Greece bailout negotiations.
In closing Friday, gold prices declined $15.90, or 0.9%, to $1,725.30 an ounce in the April futures contract on the [...]
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Circulating coin production totals from the United States Mint were sharply higher in January 2012 as compared to the previous month and from the same time period of a year ago — despite plummeting mintages of Presidential $1 coins and Native American $1 coins.
A scant 1.68 million Presidential $1 coins were minted last month compared to the 72.66 million in January 2011. Likewise, 840,000 Native American $1 coins were struck versus the 6.3 million from a year ago [...]
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Spot precious metals dealings opened on the weak side with all four principal metals that we track losing more than 1.2 and up to 2.1 percent this morning. Spot gold was down by nearly $25 at $1,704 per ounce while silver was bid at near $33.25 with a loss of more than 60 cents.
A first-in-two-years decline in Chinese exports and imports also added to the selling pressure in precious and base metals this morning. Standard Bank’s analysts opine that, should gold slip further, then the $1,700-$1,720 zone could be a good one within which to establish fresh [...]
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Gold prices rose Thursday as the U.S. dollar weakened and the euro strengthened in the wake of news that Greece leaders agreed to austerity measures to secure a financial bailout.
Gold gained $9.90, or 0.6% to $1,741.20 an ounce in the April futures contract on the Comex in New York. Gold moved between a low of $1,728.10 and a high of $1,755.50 [...]
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On Thursday, February 9, 2012 the United States Mint began selling the 2011-P Chickasaw National Recreation Area Five Ounce Silver Uncirculated Coin for $204.95…
There are no household limits for the latest uncirculated coin as there had been for the others. Previous 2011 issues had an initial limit of five coins per household for the first few months. The only restriction for the Chickasaw coin is its maximum mintage of [...]
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Gold declined Wednesday, taking away a sizeable portion of the sharp gains from the previous day. Profit taking was among the major reasons cited for losses.
Gold prices fell $17.10, or 1.0% to $1,731.30 an ounce in the April futures contract on the Comex in New York. Gold hit an intraday low of $1,726.00 and made it as high as $1,754.80 [...]
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Buying activity increased for U.S. Mint numismatic products following three somewhat humdrum weeks. The launch of bags and rolls of El Yunque Quarters lifted demand for other quarter products, American Eagle coins were hotter, several annual sets improved and many Presidential $1 coin offerings were up, the latest U.S. Mint sales figures show.
In all, 62 products improved over prior weekly sales versus 21 out-performers noted previously [...]
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Gold and crude oil enjoyed a very good trading session on Tuesday as speculators threw money at both markets with an amount of generosity that was clearly lacking on, say, last Friday…
Gold prices meandered on either side of the ‘unchanged’ marker this morning and orbited around the $1,745 area as the US dollar did not appear to pierce the 78.50 level on the trade-weighted index following yesterday’s euro-centric optimism-induced sell-off it was subjected to. At least one school of thought sees a potential [...]
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The eagerly anticipated start of authentication and grading of rare coins in Hong Kong by Professional Coin Grading Service is underway through its new company, Collectors Universe (Hong Kong) Ltd. — PCGS. PCGS is grading coins prior to and during the Hong Kong International Coin Convention and Antique Watch Fair beginning on March 24 and continuing through April 6, 2012.
Coins now are being accepted from PCGS Collectors Club members and PCGS Authorized Dealers at "pre-show" discounted rates [...]
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Following two consecutive daily losses, gold rebounded Tuesday when the U.S. dollar fell and bargain hunting ensued. Pressuring the greenback were comments from Fed Chairman Ben Bernanke about weakness in the U.S. economy and optimism over reports of progress in a Greece debt deal.
Gold prices gained $23.50, or 1.4% to $1,748.40 an ounce in the April futures contract on the [...]
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