Monthly Archives: September 2013
Gold Down on Tamer Inflation, US Gold Bullion Coins Rise
Gold ended lower for the fifth time in six sessions Tuesday, pressured on news of easing U.S. inflation and as investors await Wednesday's monetary policy statement from the Fed.
Gold for December delivery shed $8.40, or 0.6%, to settle at $1,309.40 an ounce on the Comex division of the New York Mercantile Exchange [...]
Gold, Silver Sink on Week; US Mint Bullion Coins Split
Gold futures fell for a fourth straight session Friday, dragging prices down 5.6% for the week and to their lowest level in more than five weeks.
Gold for December delivery declined $22, or 1.7%, to settle at $1,308.60 an ounce on the Comex division of the New York Mercantile Exchange. The closing price was the lowest since [...]
How the Philadelphia Mint Makes Hubs and Dies to Produce Coins
My brother and I were treated to a special tour of the operations at the United States Mint facility in Philadelphia. We had planned this trip for some time so I had many pre-conceived ideas of what would be most exciting.
I'll be the first to admit, the procedures related to hub and die making were not high on my list. Our father was a tool-maker so I expected this process would be familiar and, as such, not heart-pounding. Much to my surprise, I was completely enthralled [...]
Gold, Silver Dive to 1-Month Low; 1 Oz Gold Eagles Hit...
Gold and silver tumbled to a one-month low Thursday. The loss for gold marked a third in a row and the fifth time in the last eight sessions since it soared 6.3% in August.
Gold for December delivery declined $33.20, or 2.4%, to $1,330.60 an ounce on the Comex division of the New York Mercantile Exchange. The settlement price was the lowest since [...]
US Mint Sales: Sets and Commemorative Coins Show Broad Gains
Signaling a potential unwinding from the summer doldrums, numismatic sales for the United States Mint broadened for a second straight week.
Annual sets, commemorative coins, and a good selection of gold coins were among many products scoring stronger weekly sales.
This week's U.S. Mint sales report included one new product and updates to 200 others [...]