Monthly Archives: February 2012

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 [...]

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 [...]

The United States Mint has published the coin image for the reverse of the 2012 Native American $1 Coin. Until now, only a line art image of the design was available, and that was released back in November.

As mandated by law and since 2009, the reverse of the dollars have changed annually to feature a unique design celebrating important contributions by Indian tribes and Native Americans [...]

Kicking off the month of February for the United States Mint were bags and rolls of the first 2012-dated quarters which depict El Yunque National Forest. The second U.S. Mint product issued this month features those same quarters but in collector editions. On Tuesday, February 7, 2012, the United States Mint released the El Yunque Quarter Three-Coin Set.

The set is the eleventh released in the series of America the Beautiful Quarters®, but it has the lowest price. At $9.95, it is [...]

Gold declined Monday for a second straight session as a stronger U.S. dollar and a "risk-off" mentality pressured the yellow metal.

Gold prices fell $15.40, or 0.9% to $1,724.90 an ounce in the April futures contract on the Comex in New York. Gold moved between a low of $1,714.00 and a high of $1,740.90 [...]

Gold's worst loss in over one month showed signs of continuing to deepen as markets opened for trading in New York this morning. Albeit during the overnight hours gold prices managed to bump some $10 higher in a recovery attempt, the uncertainty manifest in the European news flows on Monday kept the selling pressure on in the precious metals and commodities' complex and speculators opted to take temporary shelter under the "green" umbrella of the US dollar (up 0.52% on the index).

European leaders appear to be losing patience with Greece at this juncture and have more or less issued an ultimatum for it to cut a deal that implies further belt-tightening measures, or [...]

Gold prices rose 0.5% this week despite a $19 loss on Friday which was triggered by a stronger than expected U.S. jobs report. Said report showed that the unemployment rate fell to 8.3% -- the lowest level since February 2009 -- from the 8.5% reading in December.

In closing Friday, gold prices declined 1.1% to $1,740.30 an ounce in the April futures contract on the Comex in New York. Prices traded as low as $1,726.20 and as high as $1,765.90 [...]