August 2010

Bullion Prices Mixed in August 2010

by Bullion Prices Staff on August 31, 2010

U.S. precious metals prices were mixed on the final trading day in August and during the month itself. Gold prices finished above $1,250 an ounce — its highest level in eight weeks, rising 0.9% for the day and surging 5.6% for the month. Gold fell 5% in July. Silver’s rally was more pronounced, gaining 1.9% […]

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Gold Prices Higher for 4th Week, Bullion Eagles Pick Up

by Bullion Prices Staff on August 28, 2010

U.S. precious metals prices advanced this week. Gold rose the least in percent terms — silver and palladium were on fire, but its winning streak is the longest of the metals with four straight weekly gains. Safe-haven buying brought on by economic uncertainties continued to lift gold prices, with silver benefiting as a cheaper investment […]

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Gold and Silver Prices Slip, Bullion Coins Advance

by Bullion Prices Staff on August 26, 2010

U.S. gold prices pulled back from their eight-week highs and two straight days of gains Thursday, as a bigger-than-expected decline in U.S. jobless claims eased the appeal of safe-haven purchases — so opined analysts. "Gold futures gave back a small portion of their recent gains Thursday as some traders exited to book profits after jobless […]

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Gold Prices Top $1241, Silver Advances Above $19

by Bullion Prices Staff on August 25, 2010

U.S. precious metals prices advanced for a second straight day, with gold nearing an eight-week high and silver soaring above $19 an ounce. Silver tracked gold which benefited over continuing concerns that the economic recovery was slowing. "Comex gold futures closed higher and hit a fresh nearly two-month high Wednesday, on follow-through safe-haven buying interest […]

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Gold Bullion Demand Jumps 36% in Second Quarter 2010

by World Gold Council on August 25, 2010

Demand for gold will remain robust during 2010 as a result of accelerating demand from India and China, as well as increasing global investment demand driven by continuing uncertainty over public debt and economic recovery, the World Gold Council ("WGC") said August 25, 2010. According to the WGC’s Gold Demand Trends report for Q2 2010, […]

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Gold Prices Rise, Bullion Coins Rebound

by Bullion Prices Staff on August 24, 2010

U.S. gold climbed Tuesday, lifted by safe-haven buying driven by a report released earlier in the day showing that existing home sales in the U.S. plunged, and far further than expected. "The gold market came roaring back from early profit-taking selling pressure Tuesday, to close higher and nearer the session high. Bargain-hunting traders bought the […]

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Gold Weekly Prices Advance, Bullion Coins Lethargic

by Bullion Prices Staff on August 22, 2010

U.S. precious metals prices moved in the same direction this week as last — gold pushed higher while silver, platinum and palladium fell. United States Mint bullion coins mostly dragged along, continuing their stride of slower August sales. In New York bullion prices, gold futures for December delivery finished Friday at $1,228.80 an ounce, falling […]

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Gold Prices Rise to Six-Week High, Bullion Coins Unchanged

by Bullion Prices Staff on August 17, 2010

U.S. gold futures prices hit a six-week high on Tuesday, rising for a fourth straight day on the back of a weaker dollar and supportive physical demand. "The market continues to see some fresh speculative buying interest amid a weakening U.S. dollar index and building technical momentum this week," noted Jim Wyckoff of Kitco News. […]

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Gold Rises for Week, Bullion Coins Slow

by Bullion Prices Staff on August 15, 2010

Gold settled modestly lower on Friday as the U.S. dollar climbed, but the metal still managed to register a gain for a second straight week as its appeal to safety-buyer grew. In New York bullion prices, gold futures for December finished at $1,216.60 an ounce for a daily loss of 10 cents. Gold rose $11.30 […]

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Gold Prices Soar, New American Bullion Silver Coins in Fall

by Bullion Prices Staff on August 12, 2010

U.S. bullion prices kicked into high gear Thursday as safe-haven buying lifted gold to above $1,216 an ounce for a gain of $17.50. It was the largest daily pick up for the yellow metal in two months, and it happened despite a stronger greenback. Gold "is drawing fresh safe-haven and speculative buying interest this week […]

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