January 2010

Gold and other precious metals fell on Wednesday as the dollar surged over concerns of China tightened bank lending. According to other reports, that same worry was cited for pulling down US stocks and crude oil. By the end of the day, gold fell 2.4%, silver plummeted 4.9% and platinum declined 1.3%. New York bullion [...]

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New York gold futures climbed on Tuesday, but the real winner was platinum. It surged forward 2.7% with the help, according to reports, of investors boosting the platinum group metals EFTs. Gold and silver were lifted as well as a result of the attention. New York bullion prices follow: Gold for February delivery gained $9.50, [...]

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London metals picked up across the board this week, but gold and silver futures suffered weekly losses in New York. Gold, as typical, moved in the opposite direction of the US dollar which rallied at times with various weekly economic news and government reports. On Friday, the yellow metal was pulled lower on news of [...]

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New York gold declined 1.1% on Friday as the US dollar strengthened against other world currencies. Cited reasons for the greenback’s rally was news of tame US December inflation and concerns that China’s economy would cool with tightened credit. In other metals, silver retreated 1.2% and platinum fell 0.5%. New York bullion prices follow: Gold [...]

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New York metal future prices rose in unison Thursday as gold gained 0.5%, silver climbed 0.6% and platinum advanced 1.9%. Gold’s gain was again attributed to a sliding dollar. According to reports, the greenback was pressured on news of declining December US retail sales (down 0.3%) and higher than expected jobless claims (440,000 last week). [...]

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US gold turned higher in New York on Wednesday as the greenback fell against other world currencies. Reports cited a catalyst for the dollar’s decline were expectations that the Federal Reserve would keep interest rates low for some time. Gold generally moves in the opposite direction of the dollar. It has now risen for three [...]

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US and London gold fell on Tuesday after prices had just reached one-month highs in both markets on Monday. Profit taking and news that China may be raising interest rates were commonly reported as reasons for gold’s decline. Also in the news today was the announcement by the United States Mint that its inventory of [...]

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Gold surged to a one-month high in both New York and London on Monday as the US dollar turned lower. The greenback was pressured, according to reports, by a Fed official stating that interest rates would likely remain low in the US for the immediate future. Also cited for helping gold’s 1.1% rise was better [...]

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Bullion prices surged this week as the US dollar dropped against other world currencies, spurring investors’ appeal for precious metals. New York and London gold finished with their first weekly gains since November. Silver and platinum weekly price gains averaged nearly 8%. Metals were given another boost on Friday as the US Labor Department reported [...]

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