December 2009

Gold, Metal Prices Tumble as Dollar Strengthens – 12/17/2009

by Bullion Prices Staff on December 17, 2009

New York gold futures plunged on Thursday, as did silver and gold, after the dollar spurred ahead to strike a three-month high against the euro. Gold fell 2.5%, silver plummeted 2.8% and platinum declined 2.2%. New York precious metal figures follow: Gold for February delivery plunged $28.80 to $1,107.40 an ounce. The yellow metal ranged […]

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Gold Gains Most in Two Weeks – 12/16/2009

by Bullion Prices Staff on December 16, 2009

Precious metals were driven higher on Wednesday with gold rising the most in two weeks as the U.S. dollar retreated from a two-month high against other world currencies. Gold, silver and platinum registered respective gains of 1.2%, 1.4% and 0.4%. New York precious metal figures follow: Gold for February delivery climbed $13.20 to finish at […]

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Gold Falls Slightly, Silver and Platinum Advance – 12/15/2009

by Bullion Prices Staff on December 15, 2009

Gold turned up earlier on Tuesday after a Labor Department report showed that November wholesale inflation jumped. Producer prices rose 1.8% last month. However, gold tipped lower later in the day as the US dollar firmed, eroding the yellow metal’s appeal. Silver and platinum rose slightly. New York precious metal figures follow: Silver for March […]

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New York gold futures bounced back from a one-month low on Monday to register a slight 0.3% gain as the US dollar fell after Abu Dhabi pledged to bail out $10 billion of Dubai’s debt. Silver and platinum advanced as well, with gains of at least 1.5%. New York precious metal figures follow: Gold for […]

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Precious Metals Weekly Prices Report – 12/12/2009

by Bullion Prices Staff on December 12, 2009

Bullion prices shifted several gears lower during the week as the U.S. dollar strengthened which tarnished the appeal for gold. The yellow metal finished lower for the second straight week, hitting a near one-month low in New York on Friday. Other commodities retreated as well. Silver felt the largest blow, dropping by more than 7% […]

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US Gold Falls to One-Month Low as Dollar Rallies – 12/11/2009

by Bullion Prices Staff on December 11, 2009

A rallying US dollar drove New York gold futures lower on Friday. The greenback rose to a one-month high against other world currencies while the yellow metal finished toward a one-month low, marking a second straight weekly loss. Gains in retail sales and consumer confidence numbers were cited reasons for the dollar’s rise. A stronger […]

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Gold Climbs After Four Days of Losses, Silver Advances – 12/10/2009

by Bullion Prices Staff on December 10, 2009

New York gold futures on Thursday finally broke away from a four day losing streak in which prices fell by nearly $100, or 8%. Gold climbed higher as the dollar weakened, making the yellow metal more attractive to investors. New York precious metal figures follow: Gold for February delivery climbed $5.30, or 0.5%, to $1,126.20 […]

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Gold, Platinum and Silver Prices Decline – 12/9/2009

by Bullion Prices Staff on December 9, 2009

Precious metal prices moved lower yet again on Wednesday, as gold retreated after the US dollar firmed later in the day. Oil plunged 2.7 percent. Gold, considered a hedge during times of high inflation and economic uncertainty, tends to follow oil and move opposite of the dollar. The yellow metal has now fallen for four […]

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Gold Falls with Dollar Gain – 12/8/2009

by Bullion Prices Staff on December 8, 2009

New York gold futures on Tuesday retreated for a third day as the dollar strengthened, hitting a one-month high against the euro. Silver and platinum prices fell as well, marking respective losses of 3.0% and 0.3%. New York precious metal figures follow: Silver for March delivery plunged 55.3 cents, to $17.807 an ounce. It ranged […]

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Gold, Silver End Slightly Down – 12/7/2009

by Bullion Prices Staff on December 7, 2009

Precious metals on Monday headed lower for a second straight trading day. However, losses in gold were trimmed after the US dollar lost some strength following Federal Reserve Chairman Ben Bernanke’s comments saying that interest rates would stay low for some time and that the economy remains fragile. New York bullion prices follow: Gold for […]

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