May 2011

Gold Prices Rebound, Silver Futures Decline

by Bullion Prices Staff on May 12, 2011

U.S. bullion prices were mixed Thursday as gold rebounded 0.4%, silver declined 2%, palladium added 0.2% and platinum lost 0.4%. U.S. dollar weakness and higher oil prices were cited for gains in gold prices. The yellow metal’s June contract advanced $5.40 to $1,506.80 an ounce on the Comex division of the New York Mercantile Exchange. Gold […]

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Bullion Prices Drop Sharply, Silver Plummets 7.7%

by Bullion Prices Staff on May 11, 2011

U.S. bullion prices moved sharply lower Wednesday as the greenback rallied and oil prices shot lower. Gold, palladium and platinum closed with respective losses of 1%, 2.4% and 1.3%, breaking their three-day winning streaks. Silver plunged the most, falling 7.7% and halting its two-day rally after having been hit last week by a staggering loss of […]

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U.S. bullion prices on Tuesday continued their advance which began on Friday (Monday for silver). Precious metal gains were 3.7% for silver, 0.9% for gold, 0.5% for palladium and 0.3% for platinum. June gold prices rose $13.70 to $1,516.90 an ounce on the Comex division of the New York Mercantile Exchange. It touched a low […]

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Gold Rises for 2nd Day, Silver Prices Rebound

by Bullion Prices Staff on May 9, 2011

U.S. bullion prices advanced to start the second week of May. Gains were biggest for silver, the metal that dove more than 27% last week. By the numbers from high to low, silver prices rebounded 5.2%, palladium added 1.8%, gold picked up 0.8% and platinum advanced 0.5%. Bargain hunting and an outlook for a weaker dollar […]

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U.S. bullion prices were mixed Friday but fell for the week. Silver was the metal in focus for most of that time, as it plunged for five straight sessions to register a 27.4% decline. The other precious metals were spared in contrast, as weekly losses were 9.6% for palladium and 4.2% for gold and platinum. All […]

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Gold Prices Fall Below $1500, Silver Dive 8%

by Bullion Prices Staff on May 5, 2011

U.S. bullion prices charged lower Thursday. Dollar strength, oil weakness, higher margins in trading silver and long liquidations were among the factors cited in pressuring precious metals. Daily losses were 2.2% for gold, 2.6% for platinum, 4.8% for palladium and 8% for silver. June gold prices declined $33.90 to settle to $1,481.40 an ounce on […]

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Gold Retreats 1.6%, Silver Prices Decline 7.5%

by Bullion Prices Staff on May 4, 2011

US bullion prices marched in unison lower for a second session on Wednesday. Silver led the declines at 7.5% followed by palladium at 4.6%, platinum by 1.8% and gold by 1.6%. June gold prices lost $25.10 to end at $1,515.30 an ounce on the Comex division of the New York Mercantile Exchange. The yellow metal […]

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Gold Prices Fall and Break Record Streak; Silver Tumbles 7.6%

by Bullion Prices Staff on May 3, 2011

US bullion prices retreated across the board Tuesday, with silver leading the way as it tumbled 7.6%. Gold prices followed but at a tamer 1.1% while platinum and palladium retreated the least with respective losses of 0.8% and 0.2%. June gold prices fell $16.70 to $1,540.40 an ounce on the Comex division of the New York […]

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US bullion prices were mixed to start the month of May. Gold prices on Monday rose a modest 70 cents and platinum climbed 0.5% while silver plunged 5.2% and palladium dropped 1%. Silver’s decline was made easier by the CME Group Inc. (CME), which operates the Nymex. It raised its margin requirements for a second time […]

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