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Precious metals were dragged down across the board for two consecutive weeks with gold experiencing the worst of it with its third weekly drop. The largest driving force for the loses continued to be the US dollar’s continuing strength. Although it was briefly tested with the Fed’s quarter-point interest rate drop Wednesday, the dollar pulled […]

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Precious metals swung lower this week following strength in the U.S. dollar. Silver and platinum slumped on the London Fix for Monday through Friday with a loss of $1.18 and $79 respectively. Silver closed down this week by 6.6% to $16.68 an ounce compared to last Friday’s close of $18.18. Platinum dropped to $1,951 an […]

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Silver and platinum moved upward on the London Fix for Monday through Friday with a gain of $0.73 and $77 respectively. Silver closed Friday at $18.18 an ounce and platinum at $2,026 an ounce. Gold, on the other hand, lost $9 to close Friday at $928 an ounce.   Gold was “heavily weighed down by […]

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Silver, gold and platinum remained largely unmoved for the week. Monday through Friday London Fix gold curved upward by $13 while silver dropped a penny and platinum fell by $4.   “There is a general tone of lower willingness to take risk at this point. I think you are probably seeing people being hesitant or […]

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There still seems to be an undercurrent of "positive expectations" that precious metals will eventually head to new peaks. But not this week. Silver, gold and platinum all dipped. The largest shake-up happened on Tuesday with gold falling to a two-month low and below $900 an ounce. Silver and Platinum followed the yellow metal. In […]

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Precious metals climbed for the week, recovering somewhat from their large free-fall last week. Gold was weakest in its climb, rising just 0.4% on the London Fix. Silver and platinum increased 4.5% and 3.8% respectively. The metals were agitated by a firming US dollar and weaker oil prices. In response to gold, James Moore from […]

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Gold hit a new record high on Monday, March 17, and then quickly dropped to experience its largest weekly loss since August 1990. Gold’s near free-fall was was joined by silver and platinum. The downward plunge began after the Federal Reserve cut interest rates Tuesday by three-quarters of a percentage point, resulting in a surge […]

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Gold hit many analysts expectations Friday when New York gold swung to a new record high of $1,009 an ounce. The falling value of the U.S. dollar, the continuing housing slump and the hedge against inflation all helped to spur gold forward. Silver stayed above the record $20 an ounce it first hit last week […]

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