Bullion Articles

Gold gained about 20 percent since Sept. 11 as safe-haven demand drove physical demand to such a level that the U.S. Mint suspended Buffalo gold coin sales Thursday due to depleted inventories. Gold profit-taking snatched several percentage point gains on Friday, but the yellow metal ended the day and week up. London gold and silver […]

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Gold and silver enjoyed sharp gains in a week where markets were up and down over concern for worsening financial conditions. Within a 48-hour span, gold rose and fell by the largest amount in 28 years. In the end, London gold and silver posted weekly gains of 11.5 percent and 12.1 percent, respectively. Platinum dropped […]

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Gold snapped its longest losing streak in 8 years Friday to climb with other precious metals. The upward moves helped recover metal losses for the week where London silver, gold and platinum plunged 12.8 percent, 7 percent and 13 percent, respectively. The Dow gained 1.8 percent and the Nasdaq 0.2 percent. October crude-oil on Nymex […]

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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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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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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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Precious metals took brutal body blows this week with London silver, gold and platinum falling 16.4 percent, 8.9 percent and 10.8 percent respectively. A dominating U.S. dollar matched against weaker global currencies helped push the metal losses. Falling crude oil played its part as well. September delivery of crude dropped to $113.57 a barrel. London […]

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The dollar’s rally against other major currencies and the continual slippage in crude oil prices surged US stocks forward while silver, gold and platinum took it on the chin. The precious metals experienced their third consecutive weekly losses in London with silver falling 9.3 percent, gold 6.3 percent and platinum 4.8 percent. Earlier talk of […]

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Precious metals slid lower for the week with platinum feeling the worst of it after poor automotive results were announced. The metal is used in catalytic converters, which accounts for some 50 percent of its demand. Silver lost 12 cents for the week and gold dropped $17 mostly due to lower oil prices and strength […]

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Gold took its negative direction this week from tumbling oil prices and a stronger US dollar. Platinum faired worse by reaching toward six-month lows earlier, but managed to recover some of its lost ground Friday. London silver closed the week to $17.55 an ounce — a loss of $1 from last Friday and a drop […]

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