bullion prices

New York gold prices rallied on Friday to mark a second day of gains, cutting into weekly losses while recording the first monthly advance since November. The yellow metal began climbing on Thursday as the dollar weakened and investors became less risk averse. Major U.S. stock indexes finished slightly lower during the final week in […]

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Bullion prices fell this week, with gold and silver marking a second consecutive monthly decline in both New York and London. Gold’s fall has been driven significantly by a rising US dollar, which has climbed 2 percent against other world currencies in January. The yellow metal normally moves in the opposite direction of the greenback. […]

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Precious metals plunged this week as prices began tumbling Wednesday as the US dollar advanced on investor concerns over China-curbed lending. The metals suffered another blow on Thursday following President Obama’s proposal to increase bank regulations as a means to limit their risk-taking. These two factors were commonly cited as reasons for pulling down other […]

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Precious metals pulled back from last week’s heightened bullish attitude, although platinum still enjoyed healthy weekly gains in both New York and London. The greenback moved up and down based mostly on the daily swinging economic news from China and the US, with gold then traversing the opposite direction of the dollar. In black gold, […]

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Precious metals were on fire with weekly gains in New York ranging between 3.9 to 9.6 percent and in London from 2.1 to 7.0 percent. Gold, as typical, moved opposite of the US dollar which showed weakness as various economic reports kindled concerns and then attraction for safe-haven metal buying. In other commodity related news, […]

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Gold futures ended 2009 with their ninth straight yearly increase, soaring 24 percent for the year in New York. It ended up 27.6 percent in the London Fixing. The yellow metal’s direction throughout was mostly dictated by a weaker US dollar. And for the most part, silver and platinum followed gold. New York crude oil […]

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Gold and silver prices moved narrowly in both New York and London during the holiday-shortened week. Platinum, however, soared following news that the SEC approved a proposed rule change to list and trade ETF Securities Platinum and Palladium Trusts. In other markets, crude oil pushed above $78 a barrel for the first time in three […]

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Gold gained on Friday but recorded another weekly decline as a stronger US dollar, which hit a three-month high this week, pulled prices down. Bullion generally moves opposite of the greenback. Silver and platinum managed modest gains in New York, but retreated in London. The dollar’s strength was also cited as a catalyst in curbing […]

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Precious metals retreated in the U.S. on Friday and ended lower around the world for the week as gold tracked opposite of the dollar’s movement and the other metals followed the yellow metal. Silver declined the most, with weekly losses of more than 7 percent. Gold was in the middle while platinum declined the least. […]

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Commodities plunged on Friday as the US dollar firmed following a Labor Department report showing that employers cut fewer jobs last month. The unemployment rate fell to 10 percent from the prior 10.2 percent reading. Precious metals retreated in London earlier in the day, but the employment news brought New York gold, silver and platinum […]

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