Yearly Archives: 2012
Gold, Silver Prices Tumble in Late Trading
Gold closed a bit down in normal trading hours Tuesday but then tumbled in electronic trading after minutes from the Fed's latest policy meeting revealed that policy makers were less keen on another round of quantitative easing.
Spot gold was last quoted down $32.30 to $1,644.70 while silver had dropped 37.0 cents to $32.62 an ounce. Losses in PGM metals were modest with [...]
American Eagle Gold, Silver Bullion Sales Bounce in March but Down...
Sales of American Eagle gold and silver bullion coins rebounded in March as investors bought on multiple pricing dips. With gold falling 1.3% and silver tumbling 6.2% last month, buyers were able to scoop up United States Mint bullion products at comparative bargain prices.
American Eagle Silver sales reached 2.542 million, up 70.6% from February when dismal sales of 1.49 million were logged. The pace, however, was off 8.1% from the same time a year ago [...]
2012 Australian Mini Roo Gold Coin Weighs 0.5g
The newest release in an annual series of affordable gold coins containing an iconic Australian design is now available. The 2012 Australian Mini Roo Gold Coin has been released by the Perth Mint of Australia offering collectors the chance to obtain one of the most unique precious metal coins available today.
Struck from 0.5 grams of 99.99% pure gold, the 2012 Australian Mini Roo also represents one of the purest annual gold coins issued [...]
Gold Gains Modestly, Silver Surges 1.9%, US Mint 1 Oz Coins...
Precious metals rallied in the first trading day in the second quarter with gains of 0.5% for gold, 1.9% for silver, and 0.7% for platinum and palladium.
Gold prices for June Delivery advanced $7.80 to $1,679.70 an ounce on the Comex in New York. The yellow metal gained for a second session after rising 1.0% Friday and closing the first quarter 6.7% higher. For the day, gold prices moved between an intraday low of $1,664.40 and a high of [...]
2012 Year of the Dragon Silver Coin Set Features 10 Coins
The Perth Mint of Australia is upping the ante with the release of a unique 2012 Year of the Dragon Silver Coin Set. This silver coin set continues the Year of the Dragon celebration which began on January 23, 2012 with ten individual silver coins all depicting the same image of the mythical creature but featuring different coloring treatments.
The latest 2012 design first appeared on Perth Mint releases back in October when the 2012 Year of the Dragon Gold and Silver Bullion Coins were first issued. These bullion coins were [...]
2012 Australian Koala Silver Coins Now in Kilo and 1/10 Oz...
The Perth Mint of Australia has expanded on its extremely popular series of Koala silver coins with two new strikes, a massive kilo-sized issue and a more diminutive 1/10 ounce coin.
Available now from the Perth Mint in extremely limited quantities is the 2012 Australian Koala 1 Kilo Silver Proof Coin. Also just released is a more affordable 2012 Australian Koala 1/10 oz Silver Coin struck to specimen quality. Both Koala silver coins offer similar imagery but in vastly different sizes, price points and mintages [...]
Chaco Culture Quarters Available in Bags and Rolls
A new design on a U.S. quarter launched Monday, April 2, 2012. The United States Mint began selling 2012 Chaco Culture National Historical Park Quarters in bags and rolls at 12:00 noon Eastern Time, and the Federal Reserve Bank System released the new coins into public circulation.
Bags and rolls sold by the U.S. Mint consist of Chaco Culture quarters that have been produced for general circulation, but have not circulated, making them desirable to collectors [...]
In The Lead – Factoring in China’s Factories
The first session of the new quarter commenced on an upbeat note for all of the precious metals, save gold, this morning. The yellow metal opened on the weak side, showing a bid-side quote at $1,665 as against a marginally higher US dollar (79.01 on the index) and a fall of 50 cents in black gold.
Attempts to lift gold beyond resistance at $1,680 or $1,700 could still be in the cards this week, with a potential target of $1,730 or so. On the support-side, the $1,650 and $1,620 levels are being cited as key numbers that need to hold. Overall, the speculative trade is still [...]
Julia Grant First Spouse Gold Coin in Proof Sells Out
Featuring a portrait of Julia Grant, the first 2011-dated First Spouse Gold Coin sold out Friday afternoon with ending sales under 4,000. Last listed at a price of $1,004.00, the U.S. Mint website is showing the proof version of the Julia Grant First Spouse Gold Coin as "Sold Out" while the uncirculated coin remains available for $991.00.
The one-half ounce, 24-karat gold proof coin was released with its companion on June 23, 2011. The most recent sales figures as of March 26, 2012 had weekly sales of the proof up a modest 4 to 3,968 and the uncirculated up 5 to 2,580 for a total sales count of 6,548 [...]
Gold Prices Advance 6.7% on Quarter as Silver Soars 16.4%
Gold prices advanced Friday, snapping a three-session losing streak to log weekly and quarterly gains of 0.6% and 6.7%, respectively.
Gold did retreat 2.3% for the month but the pick-up on the quarter contrasts against a 3.4% loss in the fourth quarter of 2011 when a streak of 12 straight quarterly gains ended.
On Friday, June gold prices tacked on $17.00, or 1.0%, to $1,671.90 an ounce on the Comex in New York. Gold traded between an intraday low of $1,661.20 and a high of $1,672.70. For much of the week, the yellow metal traded opposite to the U.S. dollar [...]