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Recent Posts Tagged With 'bullion'
Gold, Silver, Metal Prices: Commentary - 1/8/2010
Unemployees Of The Month Good Day, Gold prices tried to find support at lower levels overnight, following yesterday’s declines that were largely a combination of dollar strength and on-going profit-taking. Asian markets witnessed further d...
Gold Breaks Winning Streak, but Silver Advances
US gold futures stepped nearly $3 lower on Thursday, breaking a four-day winning streak and dropping the most in a week. A rising greenback, concerns over potential interest rate hikes and profit taking were all cited as catalysts in luring investors...
Gold Gains for Fourth Day, Silver Tops $18
Gold rose for a fourth straight session in New York on Wednesday as a weakened US dollar came into the picture, pulling investors toward commodities. Silver was biggest metal gainer, rising 2.1 percent and topping $18 an ounce for the first time this...
Gold, Silver, Metal Prices: Commentary - 1/6/2010
Good Day, Gold buyers were out in decent numbers in Asia overnight, and the yellow metal eventually built upon its small opening gains, to reach $1127 an ounce. Bullion continued to see support just under $1120 per ounce and dip-buying remained the t...
Gold Rises Slightly, Silver Jumps 1.9%
New York gold futures advanced modestly on Tuesday as a seesawing US dollar eventually tilted stronger toward the end of the trading day, curbing the yellow metal’s appeal and cutting into its earlier gains. Silver shined the brightest, jumpin...
Gold, Silver, Metal Prices: Commentary - 1/4/2010
Epiphany, Of Another Kind Good Day, The first full trading day of the new year started off with a pattern reminiscent of the year that just passed; namely, dollar selling/ commodities buying. News that China’s manufacturing activity grew ...
2009 Bullion & Business Recap
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....
Gold Rises, Marking Ninth Yearly Gain
New York gold futures rose Thursday to close out the year and record the ninth consecutive annual gain. A drop in the US dollar was cited as the catalyst in improving the yellow metal’s attraction. In other commodities, silver and platinum als...
Gold Retreats, Silver Drops Below $17
New York gold futures on Wednesday declined for a second straight day as the US dollar continued to peak at a two-month high against the yen. Other metals followed, with silver falling the quickest at 1.8 percent and under $17 an ounce. Crude oil ral...
Gold, Metals Fall as Dollar Strengthens
Gold futures on Tuesday declined for the first time in four sessions as the US dollar pushed higher, hitting a two-month high against the yen. Silver and platinum retreated as well, with the former falling 2.6 percent. In other markets, crude oil ...
Gold, Silver, Metal Prices: Commentary - 12/28/2009
Ursus Versus Taurus Good Day, Gold prices continued to advance on Monday, amid various market closures (Boxing Day UK/Canada, India closed and thin trading. The metal rose nearer to $1110 per ounce as the US dollar gave up a bit of previously...
Bullion & Business Weekend Report - Dec. 26
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 Trust...
Gold, Silver, Metal Prices: Commentary - 12/24/2009
‘Tis The Season To…Do Tally Good Day, ‘Twas the Day before Christmas and all over the floor, Not a trader was stirring - they all headed out the door. The price tickers however, continued to…tick, As the squaring of...
Gold Rises Most in Week, Silver and Platinum Advance
US gold futures finished higher Wednesday, rebounding from a seven-week low with the help of a falling dollar. The greenback retreated following news of weaker than expected new home sales. Silver and platinum advanced as well while oil jumped mor...
Gold Falls to 7-Week Low, Silver Slips Under $17
New York gold futures fell on Tuesday to a seven-week low as the US dollar again rallied. Propping the greenback up was a government report showing economic growth during the third quarter, and better than expected home sales data in November. In...
Gold, Silver, Metal Prices: Commentary - 12/22/2009
Dollar Winter Fairy Tales Good Day, Following Monday’s give-up of Friday’s hard-fought gains, gold prices headed lower still in the early Tuesday trading hours. The yellow metal hit a fresh, six-and-a-half week low in spot levels, un...
Gold, Silver, Metal Prices: Commentary - 12/21/2009
Good Day, The weekend brought our few additional gold buyers overseas, as Friday’s better than 1% gain in gold prices dampened the bargain-hunting spirits. At the start of the new week, the best thing that could be said about the metals, the do...
Bullion & Business Weekend Report - Dec. 19
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, b...
Gold, Silver, Metal Prices: Commentary - 12/18/2009
Bomb Voyage In 2010? Good Day, The tally at the end of the afternoon on Thursday had gold prices showing a $40.40 loss with the metal quoted at $1093.80 per ounce, a price level not seen since before Thanksgiving. Previous support at $1111 was ta...
Gold Falls 2.5% as Dollar Rallies
Gold and other metals fell sharply on Thursday as the US dollar rallied to a three-month high against the euro and eroded the appeal for commodities, to include oil. The greenback’s strength was also cited as a predicating factor in pulling ...
Gold Climbs 1.2%, Silver and Platinum Advance
New York gold futures put up their biggest numbers in two weeks on Wednesday, as the US dollar retreated prior to the Fed’s announcement that it would keep interest rates unchanged. Other precious metals followed with silver rising 1.4 percen...
Gold, Silver, Metal Prices: Commentary - 12/16/2009
Markets Speak Ahead/On Behalf Of Fed Good Day, Gold prices ticked about 1% higher during the overnight hours as the US dollar pulled back ahead of the Fed decision announcement due later today. Yesterday’s surge in the dollar was notable ho...
Gold Falls Slightly Despite Inflation Data, Silver and Platinum Advance
New York gold futures declined slightly on Tuesday despite a government report showing soaring wholesale inflation in November. Gold tends to rise with inflation, as it is often purchased as a hedge against it. The yellow metal did tick higher for...
Gold, Silver, Metal Prices: Commentary - 12/14/2009
How MUCH Gold? Dollars And Tonnes Good Day, A near-1% recovery was seen in gold prices overnight and early on Monday, and it was mainly precipitated by news the Abu Dhabi was handing out about $10 billion in financing to Dubai. A rescue package ...
Bullion & Business Weekend Report - Dec. 12
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 mor...
Gold, Silver, Metal Prices: Commentary - 12/11/2009
Friday The 4th Part II Good Day, The US dollar had eased back to under the 76-mark on the trade-weighted index as risk appetite staged a comeback very early on Friday morning. Said appetite was fueled by a near-20% rise in China’s industr...
Gold Rises, Breaking 4-Day Losing Streak, Silver and Platinum Advance
Precious metal prices rose in New York on Thursday, with gold breaking away from a four day losing streak thanks to a weakened US dollar. The yellow metal had retreated nearly $100 during the four down days. Silver and platinum also climbed on the d...
Gold Declines for Fourth Day, Silver and Platinum Follow
New York gold futures on Wednesday closed further south for a fourth consecutive trading day, as the yellow metal moved opposite to the US dollar, which faltered early but climbed late. Silver and platinum pulled back as well, while crude oil fell t...
Gold, Silver, Metal Prices: Commentary - 12/09/2009
E.T.(F) Phones Home Good Day, Gold closed Tuesday afternoon’s session with whopping $29.30 loss per ounce, at $1128.30 (after hitting a spot bid low price of $1123.50). Worries about a possible default by Greece (after a ratings downgrade ...
Gold Retreats for Third Day, Silver and Platinum Fall
Commodities prices fell on Tuesday, with New York gold futures falling for a third straight session as a rising US dollar curbed the yellow metal’s appeal. Silver and platinum followed, although the latter retreated just slightly. In other m...
