Prices for precious metals split on Friday and for the week. Silver was alone with both gains on the day and week. Gold, meanwhile, rose slightly on Friday and closed the week nearly flat. Ending higher for a third straight session following five consecutive losses, gold for December tacked on $8.40, or 0.5%. to $1,754 an ounce on the … Read more
By the middle of March, demand in the U.S. for physical precious metals, especially gold and silver, was so strong that retailer inventories were largely depleted. As dealers attempted to restock from suppliers, wholesale inventories ran out. As primary distributors and other wholesalers sought to order more products from government mints and private fabricators, the … Read more
by COINNEWS.NET Precious metals futures split on Friday yet most of them gained on the week. Palladium ended lower for both periods. Silver rallied on the day and week. Gold, meanwhile, fell from its prior session, near two-week high but still logged a modest weekly increase. Gold for June delivery on Friday declined $11.90, or 0.7%, … Read more
Gold Eases; Silver Snaps 7-Session Losing Streak by COINNEWS.NET Gold finished 0.2% lower on Tuesday, May 5 Silver prices snapped a seven-session losing streak Tuesday and gold declined for the first time in three sessions. Gold for June delivery shed $2.70, or 0.2%, to settle at $1,710.60 an ounce on the Comex division of the New York Mercantile Exchange. … Read more
I recommend common government-minted one-ounce bullion coins. First, the Silver American Eagles and Canadian Maple Leaf coins. These coins are common, highly recognizable, composed of .999 fine or better silver, and are not prone to high premiums like rare uncirculated early US silver coins. These coins do generally carry a $1-3 premium per ounce, but … Read more
This release is the numismatic version of a companion bullion coin made for investors. Both are authorized under Public Law 109-145. “The American Buffalo One Ounce Gold Proof Coin is the first 24-karat gold proof coin ever struck by the U.S. Mint and is the coin collector version of the official United States Mint American Buffalo … Read more
Bitcoin (BTC) traders could get cues from an apparent negative correlation that has developed between bitcoin and gold prices.
The spot gold price ended the month of November almost where it had begun. This outcome perhaps discouraged many potential bullion-related coin sales in its wake. No excitement often leads to no buyers. Mint sales of gold and silver composition coins was one of the lowest totals in more than a decade, according to a … Read more
The World Platinum Investment Council reports the global platinum supply relative to demand was in a deficit during the first three months of 2018. Despite that, compared to the final three months of 2017, investment demand was down 26 percent. The U.S. Mint has yet to announce when it plans to offer the 2018 American Eagle 1-ounce platinum bullion coin … Read more
A newly released third quarter report issued by the World Platinum Investment Council suggests a worldwide platinum surplus for 2018. The projection is in sharp contrast to an earlier released report predicting a deficit in the precious metal through 2021. The most recent report projects the surplus to reach 505,000 ounces, up from 295,000 ounces, primarily the … Read more
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