Bullion Articles and Precious Metal Reports

Daily morning commentary on gold, silver, platinum and palladium, as well as their closing prices in New York and London are provided in the following bullion articles and precious metals reports.

Gold finished higher Tuesday for the first time in three sessions as the U.S. dollar showed weakness against global currencies. The yellow metal tends to move opposite of the dollar. Silver and platinum rose as well. Crude-oil finished above $70 a barrel for the first time since November. U.S. stocks were mixed. In New York […]

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Gold fell and silver plunged Monday for a second day as the U.S. dollar continued to gain against other world currencies and reduce the appeal of metals. In other markets, oil dropped while U.S. stocks ended side ways after rallying late. In New York trading futures for bullion: Silver for July delivery plummeted 43.3 cents, […]

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With the exception of gold, markets were generally positive on the week. As silver advanced and platinum surged, the yellow metal in London closed lower for the first time in five weeks. Outside of precious metals, crude-oil marked a third week of gains while U.S. stocks continued their upward trends. European stocks finished higher for […]

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Gold and silver roared back to life Thursday following the previous day’s trouncing. Precious metals were kicked forward by a dipping U.S. dollar and oil soaring toward $70 a barrel. U.S. stocks rallied on the day as well. In New York trading futures for bullion: Silver for July delivery soared 58.5 cents, or 3.8 percent, […]

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Gold and silver fell hard Wednesday as the U.S. dollar rallied from a five-month low against the euro and climbed for the first time in a week. Platinum managed a small gain while crude-oil plunged and U.S. stocks retreated. In New York trading futures for bullion: Silver for July delivery declined 64.5 cents, or 4.0 […]

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Pulled higher on Tuesday by a weakened U.S. dollar, gold jumped back on top of $980 an once while silver briefly inched over $16 an ounce. Platinum gained for the day as well. In other markets, crude-oil dropped three pennies as U.S. stocks advanced. In New York trading futures for bullion: Silver for July delivery […]

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Precious metals on Monday were mixed as gold dipped slightly, platinum surged, and silver climbed even higher following a record-breaking month where the metal rose 27 percent in May, the most in 22-years. In other markets, crude-oil jumped and U.S. stocks rallied. In New York trading futures for bullion: Silver for July delivery gained 12.5 […]

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Markets were on fire this week and month. In terms of monthly heights, silver streaked ahead in New York to post its biggest monthly gain since April 1987, rising 27 percent. Gold rallied as well, advancing 9.8 percent. In black gold, crude-oil recorded its best monthly gain in 10 years. U.S. stocks made noise too, […]

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American Eagle Silver Uncirculated coinSilver continued its spectacular rise Friday, soaring another 45 cents in New York and scoring the best monthly gain in 22 years.

Silver futures for July closed to $15.61 an ounce, jumping 27 percent on the month for the biggest gain since April 1987. London spot silver ended at $15.52 an ounce earlier in the day, surging 64 cents.

 

"Extreme dollar weakness is adding to the momentum," Pradeep Unni, an analyst at Richcomm Global Services in Dubai, was quoted on Bloomberg. "Ascending oil prices, concerns of inflation and fears of massive U.S. debt have certainly been supporting" both gold and silver.

 

American Eagle Silver Bullion Coins experienced movement as well. Reports were abound earlier in the week on how authorized dealers for the U.S. Mint trimmed orders and left an inventory of bullion coins behind — a situation that had been unheard of since the Mint started rationing the coins and suspended production of the 2009 collector proof and uncirculated versions.

Read the rest of this numismatic news article »

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Gold moved above $960 on Thursday, but the daily precious metals news focused on silver as the metal jumped above $15 an ounce for the first time since August. Platinum turned south. In other markets, crude-oil marched past the $65 barrier to reach a high last seen in November while energy stocks were a rallying […]

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