Gold Pulls Back 0.8%, Silver Prices Decline 0.5%
Gold fell Tuesday and for a second straight day as investors turned their attention from it toward the U.S. dollar and U.S. stocks.
"The strong dollar and lower oil and commodity prices appear to be pressuring gold lower," MarketWatch quoted Mark O'Byrne, executive director at GoldCore. "Increased risk appetite as seen in the surge in equity indices may also be leading to lower gold prices."
Gold prices for June delivery declined $12.10, or 0.8%, to $1,576.60 an ounce on the Comex in New York [...]
Sales of 2012 Kennedy Halves Debut at 740,160 as 2011’s End...
Debut sales have been reported by the United States Mint for the newly released Kennedy Half Dollars.
The U.S. Mint began selling 2012 Kennedy halves within rolls and bags on Tuesday, May 15. By Monday, May 21, collectors had ordered a total of 740,160, with products splits of 1,916 in sales from 200-coin bags and 8,924 from two-roll sets [...]
Gold Down Slightly, Silver Off 1.4%, US Bullion Coins Leap
Gold edged about $3 lower Monday as prices consolidated when failing to attain $1,600 an ounce and after two prior sessions in which the yellow metal rebounded by more than $55.
"Gold had a really nice rally following a very steep drop, so we might get some consolidation from here as the market prepares to take on $1,600," Bloomberg quoted Feng Liang, an analyst at GF Futures Co.
Gold prices for June delivery settled down $3.20, or 0.2%, to $1,588.70 an ounce [...]
2012 US Mint Set Includes 28 Uncirculated Coins
Available today, May 21, is the 2012 U.S. Mint Uncirculated Coin Set. Sales of the 2012 Mint Set began at 12:00 noon ET with pricing at $27.95, which is $4 less than similar annual sets issued in the two previous years.
As has been the case since 2010, this year's set features a total of 28 uncirculated coins. 14 of them are produced at the Denver Mint with the other 14 originating from the Philadelphia Mint -- the same U.S. Mint facilities responsible for producing America's circulating coinage [...]
In The Lead – Deflation! Inflation! How About Neither?
Precious metals started the trading week in mixed fashion with initial spot bids showing gold and silver prices marginally lower while platinum and palladium moved notably higher...
Spot gold opened near $1,587 with a $5+ per ounce decline in New York. During the overnight hours gold managed to touch the psychological $1,600 mark in the wake of pro-growth remarks coming from Chinese Premier Wen. Despite the Chinese leader's overt concern about [...]
Gold Prices Up on Week, Silver Dips, US Silver Coins Best...
Gold prices rebounded a combined $55.30 between Thursday and Friday to spring back from its lowest price this year and eke out a 0.5% weekly gain -- the first in three weeks.
Advances on Friday were largely attributed to bargain hunting and a weaker U.S. dollar which fell after its longest winning streak since 1985, a ride of gains that lasted for 14 straight sessions [...]
US Mint Set, Cleveland $1 Coin Releases in Week of May...
Next week will be a busy one for the United States Mint with the release of another popular collector product, the 2012 Mint Set, and the launch of first term Grover Cleveland Presidential $1 Coins within rolls, bags and boxes.
Beginning Monday, May 21, the U.S. Mint will offer its 2012 Uncirculated Coin Set, also known as the 2012 Mint Set. Twenty-eight coins, all in collector uncirculated quality, will be mounted within two durable folders [....]
Mormon Gold Coins, Morgan Dollars Featured in GreatCollections June Auctions
GreatCollections will offer a number of important U.S. coins in the June auctions, including four Mormon gold pieces, a toned Morgan dollar collection and an exceedingly rare Libertas Americana medal struck in silver.
Mormon gold pieces were issued between 1849 and 1860, and have gained in popularity over the past 10 years [...]
In The Lead – Statistics! Lies! Heresy! More Statistics! Truth.
Gold prices rallied by more than 2% on Thursday and by nearly 1% early this morning as the US dollar appeared to slow its upward progress on the trade weighted index.
Nevertheless, the dollar -- trimmed gains and all -- was still up for a 15th day in a row (!) in pre-market action. The jump in gold was characterized as mainly a "short-covering surge" and that kind of "profile" probably should not have come as a big surprise to certain players, given the low RSI and extremely low Daily Sentiment Index levels that we had mentioned in Wednesday's commentary [...]
Gold, Silver Prices Rebound Sharply
Gold prices advanced Thursday for the first time in a week and despite a stronger U.S. dollar which extended its rally to fourteen sessions.
Gold had been moving opposite of the greenback during most of its winning streak. Buying on the dip, improved physical demand and safe-haven interest were among factors cited for gold's gain [...]
