New York Mercantile Exchange

Profit Taking Slaps Gold Down, Silver and Platinum Follow

by CoinNews.net on March 4, 2008 · 2 comments

Gold skidded nearly 2% lower today after sizzling to a new high just yesterday on the New York Mercantile Exchange. Gold initially remained steady through morning trading after coming off yesterday’s intraday record of $992 an ounce. At around 11 a.m. Eastern, gold started a downward sprint as profit-taking took hold. In the end, New […]

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Platinum Breaks New Record, American Eagle Coins Back on Sale

by CoinNews.net on February 4, 2008 · 2 comments

Platinum took a mad dash upward earlier today, breaking another new record of $1,803.80 an ounce on the New York Mercantile Exchange (NYMEX). Investors watching the power shortage problems in South Africa, who produce four-fifths of the world’s platinum, bet on a constricting supply.   “Mine output disruptions continue to fuel the rally” in platinum, […]

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Gold Down 2.4 Percent

by CoinNews.net on January 16, 2008 · 1 comment

Gold reached a new record peak just yesterday at $916.10 on the New York Mercantile Exchange (NYMEX). Today, corrections appear to be in order. Profit taking came into the mix after the dollar gained strength against the euro and oil prices declined. Many analyst had indeed forecasted corrections occurring shortly after gold went above $900 […]

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Gold Breaks $900 Barrier

by CoinNews.net on January 11, 2008 · 1 comment

Gold futures briefly crawled over $900 an ounce on Friday for the first time on the New York Mercantile Exchange (NYMEX). It landed on $900.10 and settled back down to $897.80. The driving factors haven’t changed: Weak U.S. Dollar High oil prices Uneasy investor hedging And U.S. recession fears, resulting in upcoming interest rate cuts […]

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Gold Surges … New Record, Once Again

by CoinNews.net on January 10, 2008 · 1 comment

Day, after day, after day, after day … and so on. Gold continues to surge past the previous day’s record highs. It hit $897.30 on the New York Mercantile Exchange (NYMEX), which was higher than the record of $894.40 on Wednesday. Gold was helped today after Federal Reserve Chairman Ben Bernanke indicated more interest rate […]

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Gold and Platinum Hit Record Peaks, Silver on Five Week High

by CoinNews.net on January 2, 2008 · 1 comment

The new year has started with several ups … and downs. Bullion was up, up and up. Oil was sharply up. However, the stock market wobbled and the US dollar weakened. For the record books: Gold rockets passed the 28-year old highs seen in January 1980, swept over the $850 barrier and reached up for […]

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