Yearly Archives: 2012

Gold closed to its lowest level this year and under $1,600 an ounce on Wednesday, extending a streak of losses to three days in which $51, or 3.1%, of its value disappeared. European Union debt woes continued to propel the U.S. dollar while pressuring what was once considered a main safe-haven bet, gold.

Gold prices for June delivery declined $10.30, or 0.6%, to $1,594.20 an ounce on the Comex in New York, moving through an intraday range of $1,578.50 to $1,607.00. The settlement price was the lowest since [...]

Opening sales performances are in for the 2012 Presidential $1 Coin Uncirculated Set and bags of Chester Arthur Presidential $1 Coins. The latest sales figures from the United States Mint also reveal deepening demand for bullion Gold Eagles.

American Gold Eagle bullion coins are on a fiery pace with 26,000 ounces moved through the first eight days of May. The total is already ahead of last month by 6,000 ounces and above February by 5,000 [...]

The midweek trading session in New York opened to and continued to witness additional long liquidation among holders of gold, silver, platinum, and palladium positions.

The US dollar's vault to above the 80.00 mark on the trade-weighted index and the euro's slippage to under the pivotal $1.30 level stoked the bears. They lost no time in pouncing on the already weakened prey and they clawed their way to much lower price levels right at the opening bell [...]

On Wednesday, collectors are likely to see the U.S. Mint lower its price for the 2011-W Proof American Platinum Eagle. The current Platinum Eagle price of $1,892.00 should drop $100 to $1,792.00. That would be $300 lower than when the coin was first introduced in May at $2,092.00.

In order for a reduction to kick-in, Wednesday's London PM Fix for platinum needs to be $1,549.99 an ounce or lower [...]

Gold dropped nearly $35 to settle toward $1,600 an ounce on Tuesday, marking its lowest settlement price since the beginning of this year. U.S. stocks and commodities were hit across the board, with losses in precious metals ranging from 1.4% to 3.9%.

A rallying U.S. dollar, "risk off" investor attitude and renewed EU debt crisis concerns were among the factors which were attributed to the losses [...]

Gold prices declined slightly Monday in what was described as a "risk off" day amid uncertainty in Europe. Gold and other precious metals were also pressured by a stronger U.S. dollar.

By day's end, gold gave back a bit more than half of its $10.40 pick-up on Friday. Gold prices for June delivery declined $6.10, or 0.4%, to settle at $1,639.10 an ounce on the Comex in New York [...]

Nominations are now being accepted for the 2012 Professional Numismatists Guild (www.PNGdealers.com) awards, according to PNG Executive Director Robert Brueggeman and President Jeffrey Bernberg.

"These annual and eagerly anticipated awards formally recognize achievements in various areas of the hobby and profession. We welcome and encourage nominations from collectors and dealers," said Brueggeman [...]