May 2010

Metal prices were mixed in May, with European area debt worries making the difference for gold which was the only precious metal to post a monthly increase — thanks in large part to haven buying. All metals, however, rebounded during the final week of the month after the disastrous third week when prices plummeted. In […]

{ 0 comments }

U.S. gold prices finished down 0.1% on Thursday as safe haven demand retreated. The decline broke a streak of three days of gains. Other metals, however, advanced with silver at 0.9%, platinum further at 1.5% and palladium the most at 3.7%. "Investor risk appetite worldwide perked up a little as equity markets rallied," wrote Jim […]

{ 0 comments }

Gold Rises for Third Day, Silver; Metals Surge – May 26, 2010

by Bullion Prices Staff on May 26, 2010

U.S. gold advanced for a third session on Wednesday, climbing back about $1,200 an ounce with continued safe-haven support. Other metals rallied as well, with palladium gaining the most in percent terms at 3.7%. "The gold market continues to find support from safe-haven buying on trader uncertainty about the European Union debt crisis and on […]

{ 0 comments }

U.S. gold prices rose slightly on Tuesday thanks in large part to haven demand, according to analysts. Gold has now climbed for a second straight day after having plunged the four previous. "Credit spreads in European Union nations are again widening and the Euro currency was under strong selling pressure again Tuesday," noted Jim Wyckoff […]

{ 0 comments }

Precious metals plummeted during the third week of May. Gold’s losses were the smallest as compared to other metals, but the decline broke a streak of four weekly gains. The yellow metal closed Friday marking four straight days of declines. There were a variety factors cited for driving prices lower. Investors selling to raise cash […]

{ 0 comments }

U.S. precious metals were under fire Thursday as commodities as a group tilted or toppled lower. Concerns over slower (world) economic growth and weakened demand as a result were topics of the day. Industrial metals, therefore, were pulled down the most. "Comex gold futures closed weaker and hit a fresh two-week low Thursday. More profit-taking […]

{ 0 comments }

U.S. gold prices on Wednesday retreated toward $1,190 an ounce as profit-taking was again in play. All metals were driven down, with palladium tumbling the most with its 9.3% dive. "Heavier profit-taking and downside corrective pressure hit Comex gold futures Wednesday as prices dropped below psychological support at $1,200 an ounce," wrote Jim Wyckoff of […]

{ 0 comments }

Gold Prices Retreats 1.1%, Silver Rises – May 18, 2010

by Bullion Prices Staff on May 18, 2010

U.S. gold declined Tuesday with prices falling 1.1% after safe-haven buying faded and the euro fell to a four-year low against the greenback. Support for the metal was still cited, however. "Comex gold futures closed lower and nearer the session low Tuesday, on profit-taking pressure from recent gains," wrote Jim Wyckoff of Kitco News. "Increased […]

{ 0 comments }

U.S. gold prices rebounded slightly on Monday, halting a two day retreat with most precious metals commentaries citing safe-haven buying as the catalyst for gains. Concern over the global recovery was a common topic as well, which served to pressure industrial metals lower. "Comex gold futures closed near unchanged on Monday after trading on both […]

{ 0 comments }

Gold Prices Mark Four Straight Weeks of Gains

by Bullion Prices Staff on May 15, 2010

U.S. gold prices rallied for a fourth straight week while other metals posted weekly gains after falling during the prior one. All precious metals dipped at least slightly on Friday, with gold dropping from an earlier all-time intraday high of $1,249.70 an ounce. A variety of factors were given credit for gold’s decline, including profit-taking […]

{ 0 comments }