U.S. bullion prices advanced Monday. Silver was the best performing precious metal, rallying 2.7% and nearing $14 an ounce. Gold was the weakest, gaining a modest 60 cents. The underlying picture for gains remained unchanged. Middle East tensions were foremost, followed by a weakened U.S. dollar.
Bullion prices were mixed on Friday as they were all week. Although gold and silver retreated on the day, each rose this week. Palladium and platinum were opposite, rising Friday but closing lower for the week. Turmoil in the Middle East and North Africa were the most cited factors in gains for gold and silver [...]
U.S. bullion prices were mixed Thursday as silver retreated while gold, platinum and palladium registered slight gains. Safe-haven buying attributed to rising unrest in Libya which combined with inflation worries fueled gold prices to a fresh seven-week high. April gold futures prices added $1.80, or 0.1%, to $1,415.80 an ounce on the Comex division of the [...]
U.S. bullion prices moved in separate directions Wednesday, with gold and silver gaining and platinum and palladium falling. Silver rose the most at 1.3% while palladium fell the furthest at 3.9%. The factors analysts provided for higher gold and silver prices remained the same — safety buying over the unrest in the Middle East and [...]
Gold futures prices returned to above $1,400 an ounce Tuesday following a day of silence in the New York market as a result of the American holiday on Monday. Continued uneasiness over the unrest in the Middle East and North Africa lifted the appeal of gold and silver as investors preferred safe-haven options.
Bullion prices were on fire this week. Silver soared nearly 8% and struck its highest level since 1980. Gold finished at its best price since January 3. Middle East tensions combined with inflation concerns in the UK, China and even the U.S. were focal points as investors drove up precious metals prices.
Bullion prices moved higher Thursday. Gold, platinum and palladium climbed modestly. Gold rose 0.7% and notably reached a five-week high. Platinum and palladium both gained 0.5%. The headliner Thursday was silver. It rallied 3.1% to reach a 31-year high.
There was little excitement in terms of deep day-over-day closing movements in bullion prices Wednesday. Precious metals prices either rose 0.1%, like gold and platinum, or fell 0.2%, like silver and palladium. April gold futures prices settled up $1 to $1,375.10 an ounce on the Comex division of the New York Mercantile Exchange. The yellow metal hit [...]
U.S. bullion prices rose modestly Tuesday, but increases were enough to lift gold prices to a four-week high and silver prices to a fresh six-week high. April gold futures prices settled to $1,374.10 an ounce on the Comex division of the New York Mercantile Exchange, rising $9.00, or 0.7%, from the previous session. The closing was gold’s [...]
U.S. bullion prices rose Monday. Major factors analysts cited for directing gold during the day was a rebounding dollar (bearish), caution over the potential for further political unrest overseas (bullish) and increased fund demand (bullish). April gold futures prices ended up $4.70, or 0.3%, to $1,365.10 an ounce on the Comex division of the New York [...]