August 2010

Gold Rebounds after Fed, Bullion Gold Coins Backwards

by Bullion Prices Staff on August 10, 2010

U.S. precious metals futures prices closed on the down side Tuesday, but demand picked up in late afternoon following the Federal Reserve’s FOMC statement which indicated the U.S. recovery was losing steam and the Fed resumption of buying long-term Treasury securities. "A gloomier assessment of the economy from Federal Reserve officials, coupled with plans to […]

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U.S. precious metals continued with their recent mixed trends, but roles were reversed this week with gold and silver marking gains while platinum and palladium lost momentum and declined. In New York bullion prices, gold futures for December closed up $6 or 0.5% to end Friday at $1,205.30 an ounce. Gold surged $21.40 or 1.8% for […]

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Gold Rises for 7th Day, Bullion Gold Eagles Edge Higher

by Bullion Prices Staff on August 5, 2010

U.S. gold prices reached over $1200 an ounce on Thursday before settling just below, but still gaining $3.40 for the day. The increase was the seventh straight — a first in 2010. The metal was supported by a weakened U.S. dollar. "The gold market pushed above the pivotal $1,200.00 mark on Wednesday and Thursday, but […]

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Gold Gains, Silver Prices Flat, 1 oz Bullion Eagles Rise

by Bullion Prices Staff on August 3, 2010

U.S. gold prices inched higher Tuesday as the U.S. dollar fell against other world currencies and news broke that China intends to ease rules on trading the yellow metal. "Investors are ready to flock into gold," Michael K. Smith, the president of T&K Futures & Options in Port St. Lucie, Florida, said and was relayed […]

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