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Gold Rises From Loss Following Fed Statement Earlier this Week

Nine-Gold-Bullion-Bars gold price 2020

In futures trading Wednesday, gold and silver were little changed while platinum and palladium posted respective losses of 1.7% and 1.9%. Gold climbed higher in after-hour dealings following the release of the Fed’s latest monetary policy statement. Gold for August delivery dipped $1.20, or 0.07%, to settle at $1,720.70 an ounce on the Comex division of the New York … Read more

Platinum Deficit through 2021

platinum price and report

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

Platinum May Surplus by end of 2018

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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

Gold Ends Near One-Week Low, Marking First Loss in Five Sessions

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Precious metals futures finished lower Thursday. Gold’s loss was its first in five sessions. Gold for December delivery dropped $9.30, or 0.8%, to close at $1,194 an ounce on the Comex division of the New York Mercantile Exchange. The finish was the lowest since last Friday, Aug. 17. “The U.S. dollar index has regained some footing and is trading solidly … Read more

Gold and Silver Price Hit Low.. Again

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Gold and silver prices are lower in early-afternoon U.S. trading Thursday, with gold back below $1,200.00. The U.S. dollar index has regained some footing and is trading solidly higher today after sliding lower most of this week, and that’s a daily negative for the precious metals markets. December gold futures were last down $9.40 an ounce at $1,193.90. September Comex silver was last down … Read more

LitCoin || What is it?

Litecoin-price-today-LitePay-can-be-a-accelerator-for-the-LTC-price

Litecoin (LTC) is a cryptocurrency and an open-source project released in 2017, inspired by and very close technically to Bitcoin. The key idea of the project was to make a faster and cheaper to use alternative to Bitcoin Although there are some similarities between BTC and LTC, you can’t define Litecoin without pointing out some … Read more