nymex

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 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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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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