Gold Rises 0.7%, Silver Prices Rally 5.4%

Gold advanced Thursday for a second straight day while silver prices soared to above $32 an ounce as U.S. stocks and commodities rallied. Gold prices rose $11.60, or 0.7 percent, to close at $1,653.20 an ounce in the December futures contract on the Comex in New York. Gold moved from an intraday low of $1,633.20 [...]

Gold Rebounds 3.6%, Silver Prices Rally 5.2%

U.S. gold futures advanced 3.6 percent Tuesday, snapping a string of four straight session losses. Rebounding equities, a weaker U.S. dollar, and bargain hunting were attributed to yellow metal gains. "Over the last several days, we have gone back to the traditional dollar positive, gold negative relationship. With the dollar under significant pressure today, it [...]

Gold and Silver Prices Rally, Capping Weekly Gains of 4.4% and 5.2%

U.S. gold and silver prices surged Friday after data showing zero jobs in August fueled recession fears and pressed investors toward safe-haven assets. "I think there was a great deal of disappointment with the employment numbers and that kicked off speculation of further quantitative easing or some sort of monetary response," said HSBC metals analyst [...]

Gold Extends Rally Toward $1,900, Silver Prices Touch $44

U.S. gold futures surged toward $1,900 an ounce Monday, registering a fifth straight record high and a string of six session wins in which prices have surged $149.30, or 8.6 percent. Gains in gold were attributed to multiple factors, several of which were opined by analysts at Wells Fargo, according to MarketWatch: [...]Read the rest of [...]

Gold Extends Record Rally Atop $1,800, Silver Advances 0.8%

U.S. gold futures prices surged above $1,800 an ounce and to a third straight record close as jittery investors fled stocks and sought safety against renewed concerns about the U.S. and global economies. "It’s almost like a worldwide buyers strike," Michael Mullaney, who helps manage $9.5 billion at Fiduciary Trust in Boston, said in a [...]

Gold Prices Surge 5.5% on Week, Silver Rebounds 2.4%, Bullion Coins Rally

U.S. gold futures fell for a second straight day, but emerged 5.5 percent higher than last Friday and extended its streak of weekly gains to six. Gold’s two-day loss was attributed to profit-taking, a rebound in equities, CME Group’s decision to hike margins on gold contracts and a correction to gold’s meteoric rise. [...]Read the rest [...]

Gold Prices Rally to $1,800 Record, Silver Rebounds 3.8%

U.S. gold futures maintained momentum Wednesday, scoring a third straight record high and topping the ,800 an ounce psychological level in intraday trading. Gold prices have rallied 2.50, or 8.0 percent, this week as the metal’s safe-haven appeal deepens on continual news of worrisome economic conditions across the globe. "The skies would appear to be [...]

US Mint Sales: Proof Gold and Silver American Eagles Soar, 9/11 Medals Rally

Collectors were extremely active but also selective in buying coins last week, new US Mint sales figures reveal. While fewer numismatic products outperformed their previous weekly gains — 41 versus 72 from the time before — several soared with incredibly rare weekly increases. Most of the Mint’s American Eagle coins were on fire. On the [...]

Gold Reclaims $1,600 to End Week, Silver Prices Rally in Return Above $40

U.S. gold futures reclaimed $1,600 an ounce on Friday after falling from the level on Wednesday — the middle point of three straight daily losses. Gold ended 90 cents shy of its record close hit on Monday, yet still drove in with a weekly gain of 0.7 percent. "There’s a clamor for gold as the [...]

Gold Dips from Record Rally, Silver Prices Ease Slightly

U.S. gold futures edged modestly lower Tuesday, snapping a string of five straight record days and ten consecutive session rallies. Profit-taking and a bipartisan Senate plan to cut .7 trillion in U.S. debt were factors cited in weakening gold’s safe-haven demand. "This is a market that, on a short-term basis, is extremely overbought," Matthew Zeman, [...]

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