February 2010

Bullion Prices: February 2010 Report on Gold, Silver and Platinum

by Bullion Prices Staff on February 27, 2010

US gold prices shifted slightly slower during the final week in February, but the month proved to be the first time the yellow metal marked an overall advance since back in November. Other metals finished with positive monthly gains as well, with the exception of silver which declined slightly in London. For London bullion in […]

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Gold on Thursday broke away and slid higher after falling for three straight days. Greek debt worries again came into picture early in the morning, which helped the dollar and initially hurt gold. The situation settled in the afternoon and the dollar pared gains while gold broke into positive ground. In New York precious metals […]

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Gold Down for Day Three, but Silver Rises – February 24, 2010

by Bullion Prices Staff on February 24, 2010

Precious metals prices were mixed on Wednesday, with gold standing out with its consecutive three-day fall. The yellow metal dropped 0.5% as its inflation appeal was tarnished after Fed Chairman Ben Bernanke pledged to keep interest rates low into the foreseeable future. In New York precious metals prices, April gold lost $6.00 to end at […]

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Gold Retreats for Second Day, Nearing $1100 – February 23, 2010

by Bullion Prices Staff on February 23, 2010

A stronger dollar drove precious metal prices lower on Tuesday. The greenback was propelled higher by weaker consumer confidence numbers, as reported by the U.S. Conference Board. Commodities fell as the dollar hit an 8-month high against a basket of six other world currencies. In New York precious metal prices, April gold declined $9.90, or […]

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Bullion prices were bullish for a second straight week. Driving precious metals direction for most of the week was the dollar and euro, and events which pulled them up or down. Gold was hit early on Thursday by the IMF announcement to sell 191.3 tons of gold. The amount was not news, but the timing […]

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Gold, other Precious Metals Edge Lower – February 18, 2010

by Bullion Prices Staff on February 18, 2010

Gold, silver and platinum finished lower Thursday. Gold was hit early by news of the IMF plans to sell 191.3 tons of gold into the open market. The impact declined as the day grew older. Thinking began to emerge, according to reports, that other central banks would purchase the gold. In New York precious metal […]

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Gold Rises while Silver Slides Slightly – Feb 17, 2010

by Bullion Prices Staff on February 17, 2010

New York gold futures moved modestly higher on Wednesday, giving away a portion of earlier day gains as the greenback strengthened and pressured commodities. Silver and platinum edged slightly lower. In New York precious metal prices: Gold for April delivery rose 30 cents to $1,120.10 an ounce. The yellow metal ranged from $1,112.90 to $1,128.70. […]

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Gold Nears $1,120/oz, Silver Rises Above $16/oz – Feb 16, 2010

by Bullion Prices Staff on February 16, 2010

Precious metals jumped in New York on Tuesday after the dollar declined against major world currencies and following an extended U.S. holiday weekend. Greece was again in the news with its debt crisis, but investors’ nerves over the crisis appear to have settled somewhat, according to various reports. As an indication, the euro recovered against […]

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Bullion prices made headway this week after deep falls last week. Gold mostly moved inversely with the dollar, which tended to react to economic news in Europe and China. Concerns over the Greece debt crisis continued to be a factor for much of the week. As worries peaked, the euro fell and the greenback rose, […]

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Gold Falls to $1,0090/oz as Dollar Rises – Feb 12, 2010

by Bullion Prices Staff on February 12, 2010

New York gold futures fell nearly $5 on Friday after the US dollar gained strength on news that China tightened lending yet again. Worries over Greece debt continued to be cited as well in propping the greenback, as the euro was pressured lower. Gold generally declines when the dollar rises. New York precious metal prices […]

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