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.

Precious metals fell for the week with silver, gold and platinum plunging 6.3 percent, 2.8 percent and 4.4 percent, respectively. As the U.S. dollar climbed, stocks and crude oil declined. For the week, the Dow lost 2.8 percent and the Nasdaq 4.7 percent. October oil on Nymex hit a five-month low of $106.23 per barrel, […]

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New York gold futures dropped Thursday along with crude-oil and a near 350-point plunge in the stock market. Platinum climbed 0.7 percent, the dollar showed strength, and silver fell ever so slightly. Despite Thursday’s reported decline in crude and gasoline supplies for last week, October oil dropped $1.46 to close to $107.89 per barrel. December […]

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New York precious metals fell for the third consecutive trading session, as crude-oil retreated slightly and the U.S. dollar gained against the euro and British pound. Silver felt the worst of it with a fall of 1.5 percent. It was followed by platinum and gold at 0.8 percent and 0.3 percent, respectively. October oil fell […]

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New York silver, gold and platinum all dropped sharply Tuesday, helped by falling crude-oil prices and a rally in the U.S. dollar. The latter was spurred along by furthering concerns over the economic picture in Europe and Asia. Reports to date indicate Hurricane Gustav did not cause any significant damage to Gulf oil infrastructure. And […]

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London precious metals moved higher for the week with silver, gold and platinum rising 5.4 percent, 2.9 percent and 3.9 percent, respectively. On Friday, stocks slid lower, and the U.S. dollar climbed against the euro. Crude oil reversed early gains and lost 13 cents to settle the week at $115.46 a barrel. London silver closed […]

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New York silver, gold and platinum bucked the normal trend, rising Thursday while crude-oil fell and the U.S. dollar gained strength. Silver for October settled to $13.63 an ounce, gaining 13 cents, or 0.9 percent. October platinum gained a sharp $43.50, or 3 percent, to end at $1,484.20 an ounce. The metal was helped by […]

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New York gold and platinum futures rose with higher oil prices and a weaker U.S. dollar Wednesday. Silver fell nearly 1 percent. Crude oil for October finished up $1.88 to $118.15 a barrel on furthering concerns over Hurricane Gustav’s threat to the Gulf, and Energy Department data showing unexpected declines in U.S. gas and crude […]

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New York Gold tumbled early but recovered to register a small gain as oil prices climbed on concerns that Hurricane Gustav could threaten oil production in the Gulf. Crude oil for October finished up $1.16 to $116.27 a barrel. Silver for September gained 11 cents to close to $13.58 an ounce. October platinum dropped 1% […]

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American Eagle Gold Uncirculated CoinOverwhelming demand forced the United States Mint to suspend one-ounce American Eagle gold coin sales to their network of Authorized Purchasers on August 17.

The suspension of the investment gold coins has been lifted — at least on a limited bases, according to a U.S. Mint memo to its authorized dealers on August 22.

 

“The unprecedented demand for American Eagle gold one-ounce bullion coins necessitates our allocating these coins among the authorized purchasers on a weekly basis until we are able to meet demand."

 

Read the rest of this numismatic news article »

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Precious metals enjoyed positive gains this week with London silver, gold and platinum rising 4.69 percent, 3.32 percent and 3.26 percent respectively. Stocks and the U.S. dollar rallied, as oil plunged Friday. October crude-oil fell sharply Friday by $6.59 to close to $114.59 a barrel. Its one-day percentage loss was the biggest since 2004. London […]

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