July 2010

Bullion July 2010 Prices and US Mint Coin Sales

by Bullion Prices Staff on July 31, 2010

U.S. bullion prices were mixed this week, and they closed out July the same way and for matching precious metals — gold and silver moved lower while platinum and palladium recorded gains. Gold prices closed higher for a third consecutive day on Friday, but the momentum was insufficient to bring the final week of July, […]

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Gold Tumbles 2.1%, Bullion American Eagles Unchanged

by Bullion Prices Staff on July 27, 2010

U.S. gold futures dived to three-month lows on Tuesday, as sour consumer confidence data, a higher dollar and technical selling pressured prices. "The gold market started out weak Tuesday morning, and then slipped further when the S&P Case-Shiller May 10-city home price index was reported up 5.4% year-on-year," noted Jim Wyckoff of Kitco News. "The […]

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Gold Weekly Prices Edge Lower, Bullion Eagles Mostly Rise

by Bullion Prices Staff on July 24, 2010

U.S. gold finished lower Friday, breaking a 3-day winning streak as it fell $7.80 and under $1,190 an ounce. The decline erased earlier gains and pushed the yellow metal into the red for a second straight week, but just barely. Gold closing prices were narrow all week, and it finished only 40 cents short of […]

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Gold Rises, Silver Jumps, 1 oz Bullion Eagles Gain

by Bullion Prices Staff on July 22, 2010

U.S. gold advanced Thursday for a third consecutive day. Bargain buying, a higher euro, prospects of a weaker dollar and surging oil were among the cited factors in pulling bullion prices higher. "Comex gold futures prices closed modestly higher Thursday, as higher crude oil prices and a rallying Euro currency prompted some fresh buying interest […]

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U.S. gold rallied Tuesday to overcome earlier losses that brought their prices to an eight-week low. Bargain buying was a major factor in gold’s gain, according to analysts. "Comex gold futures closed modestly higher and nearer the session high Tuesday, after hitting another fresh two-month low early on. Short covering and fresh bargain-hunting buying interest […]

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U.S. gold and other precious metals tumbled Friday, giving back gains they made earlier in the week. A poor batch of readings on Friday, to include flat inflation data and plunging consumer sentiment, were cited as the precipitating factors in gold’s $20.10 one-day loss. Other metals simply followed gold’s lead. "The [US inflation] data was […]

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U.S. gold futures prices rose slightly on Thursday, as did silver, platinum and palladium. Gold’s gains were credited to safety buying as it tagged along with the euro, which rose to a two-month high. "Today’s rally in gold was a flight to quality. An early dive in stocks was the reason. Now that stocks have […]

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Gold Rises Above $1210/oz, Bullion Eagles Increase

by Bullion Prices Staff on July 13, 2010

New York gold prices rebounded to above $1,210 an ounce on Tuesday as, among other factors, renewed fears of euro zone debt woes sparked safe-haven buying. "Fresh safe-haven buying support from reports overnight that Moody’s downgraded Portugal’s sovereign debt rating boosted gold Tuesday," noted Jim Wyckoff of Kitco News. "Higher crude oil prices and a […]

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U.S. gold prices shot $13.70 higher Friday, bringing them above $1,200 an ounce for the first time in four days and lifting gold into positive position for the week. New York gold for August delivery rallied 1.2 percent to close at $1,209.80 an ounce, marking a modest weekly gain of $2.10. "We believe gold prices […]

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Gold Prices Fall Slightly; Bullion Coins Rise – July 8, 2010

by Bullion Prices Staff on July 8, 2010

New York gold prices fell slightly on Thursday as investors took on more risk and safe-haven buying was muted. "Comex gold futures prices closed modestly lower and near the middle of the day’s trading range Thursday," noted Jim Wyckoff of Kitco News. "An increase in investor risk appetite has pulled some buying interest way from […]

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