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.

2008 American Eagle and Buffalo Bullion CoinsThe pace at which gold and platinum collector coins have disappeared from U.S. Mint store shelves is blistering. The final two uncirculated gold Buffalo coins sold out over the weekend, the last proof Buffalo went Monday afternoon, and the proof American Eagle platinum one ounce, one-half ounce and one-quarter ounce options sold out this morning.

Further, the Eagle platinum proof one-tenth ounce and four-coin set may be joining the "sold out" ranks since their shipping dates have been delayed. In past weeks, that has been a strong indicator of a quickly depleting inventory. It appears the proof and uncirculated American Eagle gold coins will soon be the sole remaining collector options available.

With all these latest sell outs, it is worth remembering the collector gold and platinum coins the U.S. Mint announced it will no longer produce in 2009:

Read the rest of this numismatic news article »

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Precious metals kicked into higher gear Monday as the U.S. dollar declined and President-elect Obama’s weekend pledge to invest in infrastructure boosted markets. New York silver, gold and platinum futures soared 5.7 percent, 2.3 percent and 7.1 percent respectively. January crude-oil gained $2.72, or 6.7 percent, to $43.55 a barrel. Its surge was helped by […]

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Precious metals and other markets were mostly sour through the week. London gold — used as a benchmark for immediate delivery — lost 5.8 percent, silver retreated 4.5 percent and platinum delined 4.1 percent. The Dow lost 2.2 percent, the S&P dropped 2.3 percent and the Nasdaq declined 1.7 percent from last Friday’s close. New […]

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Gold moved lower Thursday as the U.S. dollar climbed and oil prices dipped below $44 a barrel to reach toward a four year low. The dollar benefited from Bank of England and European Central Bank (ECB) interest rate cut announcements. New York silver, gold and platinum futures responded with losses of 0.7 percent, 0.6 percent […]

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Precious metals moved lower Wednesday along with oil as the U.S. dollar climbed against other world currencies. New York silver, gold and platinum futures lost 0.3 percent, 1.6 percent and 0.3 percent, respectively. January crude-oil ended down 17 cents, or 0.4 percent, to $46.79 a barrel. Oil continues to fall from its lowest level in […]

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The U.S. dollar on Tuesday lost steam, and helped gold recover from its biggest previous day session decline since March. That, despite another day of falling oil prices. New York silver and gold futures gained 2.5 percent and 0.8 percent, respectively, while platinum declined 0.3 percent. January crude-oil lost another $2.32, or 4.7 percent, following […]

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Precious metals slipped and then tumbled on Monday as the U.S. dollar showed strength against other world currencies and oil plummeted 9.4 percent. New York silver, gold and platinum futures fell 8.3 percent, 5.2 percent and 8.2 percent respectively. January crude-oil plunged $5.15 to close to $49.28 a barrel. The average price for unleaded gasoline […]

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Precious metals were again mixed for the week. Gold edged up for the month in New York by an impressive 14 percent, its biggest percent rise since September. However, London gold — used as a benchmark for immediate delivery — lost 0.3 percent, although London silver and platinum gained 0.8 percent and 5.0 percent respectively. […]

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Precious metals moved lower Wednesday as the U.S. dollar showed strength, and despite rising oil. New York silver, gold and platinum futures fell 0.5 percent, 1.2 percent and 0.2 percent, respectively. January crude-oil recovered from Tuesday’s losses, gaining $3.67, or 7.2 percent, to close to $54.44 a barrel. The average price for unleaded gasoline declined […]

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Gold Down as Oil Tumbles

by CoinNews.net on November 25, 2008 · 0 comments

Gold moved slightly lower Tuesday as oil plunged. The yellow metal fell for the first time in five sessions following Monday’s 9.2 percent surge. New York gold futures dropped 0.1 percent while silver declined 0.8 percent. Platinum managed to climb 0.6 percent. January crude-oil gave up most of its earlier gains, falling $3.73, or 6.8 […]

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