Business News

Bullion Bars

Boring (read: predictable) as the Fed meeting results turned out to be, the expected dollar free-fall and corresponding gold spike did not materialize in their wake last night.

Bullion fell to an overnight low of $1,385.30 on the bid side of spot prices as the greenback gained ground on the rising conviction that the US economy is indeed on the mend, and as it was also helped by the on-going ‘review’ of Spain’s debt rating by Moody’s Investor Service […]

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Fine Gold Bars

Precious metals rose modestly Tuesday. Gold prices returned to above $1,400 an ounce as U.S. data showed retail sales and wholesale inflation were better-than-expected in November.

A weaker U.S. dollar also lifted the yellow metal, although the greenback rallied after the Fed released its monthly statement on monetary policy — essentially unchanged from the prior month […]

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Bullion Bars

An overnight foray to resistance levels near $1,410.00 was noted in gold prices as the US dollar slipped closer to the 79 mark on the trade-weighted index and commodity speculators continued to enjoy an early Christmas courtesy of Chinese inaction on interest rates.

Spot bullion trading opened with an $11 gain in gold which was quoted at $1,405.50 on the bid-side as against a 79.25 print on the dollar index. Silver advanced 22 cents to the $29.75 resistance area and […]

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Fine Gold Bars

Precious metals prices rallied Monday as the U.S. dollar weakened and China said it would keep interest rates unchanged. Gold prices reached just over $1,400 an ounce before closing $2 shy of the psychological level.

In percent terms, silver prices outshined other metals on Monday with an increase of 3.6 percent. Palladium came in second at […]

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Bullion Bars

Gold opened with a $10.60 gain at the $1,396.40 mark as a confluence of fresh buying and a slipping US dollar added up to a good start for the week.

Silver (taking a cue from copper and other assorted industrial metals, most of which were up by between 1 and 3 percent early on) rose by 3% at the start of the first session of this week, adding 88 cents to reach the $29.56 level. Palladium once again […]

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Bullion Bars

After having recovered somewhat during Thursday’s session, gold prices opened with an eighty-cent loss on Friday, quoted at the $1,386.20 per ounce spot bid level.

Scattered selling was still being observed at opening time; however a slippage to just under 80 on the trade-weighted index by the US dollar helped minimize bullion’s initial loss early this morning.

Silver also fell — by fifteen cents — to open at the $28.61 per ounce mark. Wednesday night’s EW analysis found that […]

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Gold Ends Losing Streak, Silver Prices Rise 2%Fine Gold Bars

U.S. gold rose 0.7 percent Thursday as bargain-hunters stepped in after two-days of falling prices.

Silver was the biggest gainer in precious metals, advancing 2.0 percent. Palladium followed at 1.7 percent. Platinum was the single metal to decline, dropping 0.1 percent […]

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Bullion Bars

At last check, gold bullion was trading some $55+ below Tuesday’s peak near $1,431 and was being quoted at $1,374.20 the ounce in New York. The same tax deal that was seen as dollar-negative yesterday was being reassessed as dollar-beneficial this morning…

That said, the yellow metal was able to bounce off the $1,382 level (and immediate support zone) for the time being. Overseas traders have pegged $1,370 and $1,350 as potential targets for the precious metal on a technical basis […]

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Fine Gold Bars

U.S. gold prices settled slightly lower Tuesday, retreating from an earlier record of $1,432.50 an ounce when the U.S. dollar hit a three-week low against the yen.

The greenback rebounded, however, and profit-taking emerged. The two events were cited factors in pulling gold prices down 0.5 percent […]

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1909-O Indian half eagle

The finest collectible 1909-O Indian half eagle will provide some New Year’s fireworks when it comes up for auction as part of Heritage’s Tampa FUN Platinum Night U.S. Coin Auction.

This magnificent coin is the principal highlight of The Jim O’Neal Collection of $5 Indians, the #1 All-Time Finest set of its kind graded by PCGS […]

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