US Mint September 2011 Coin Production Rises 34.2%

The United States Mint produced more Lincoln cents than any other coins in September The amount of circulating coins coming out of the United States Mint surged last month, according to September coin production figures released by the government agency. The increase snaps two-straight monthly declines. Mintages were not revealed for James Garfield Presidential dollars [...]

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 Rises 0.9%, Silver Advances 0.5%, Silver Eagles Top 27M

U.S. gold futures advanced 0.9 percent Monday, breaking a two-day losing streak. A weaker U.S. dollar was credited for bolstering investments in the yellow metal. "The weaker dollar is definitely providing some support" to gold, Matthew Zeman, a strategist at Kingsview Financial in Chicago, said in a telephone interview, according to Bloomberg. "The market will [...]

Gold Rises to Record in 8th Day of Gains, Silver Hits 9-Week High

U.S. gold rose modestly Thursday, marking a third straight day of records and notching eight consecutive session increases. "Gold is going higher on a witch’s brew of debt crisis, further stimulus, a weaker dollar and a loss of confidence in paper currencies and government," Matthew Zeman, a strategist at Kingsview Financial in Chicago, said in a [...]

Gold Rises 0.5%, Silver Falls 2.3%

U.S. gold prices extended their gains to five straight sessions on Monday, supported by safe-haven worries that European nation debt issues could widen to other countries. "Concerns over unresolved debt issues in the monetary union continue to haunt investors," Andrey Kryuchenkov, an analyst at VTB Capital in London, said in a report that was cited [...]

Gold Rises Modestly, Silver Surges 1.7%, Silver Eagles Rise

U.S. gold prices edged slightly higher Thursday, marking three-straight daily advances. Silver and palladium were the biggest gainers in precious metals, each rising 1.7%. Platinum followed at 0.6 percent while gold trailed with its modest pick-up of 0.1%. August gold prices rose $1.40 to $1,530.60 an ounce on the Comex in New York. Gold traded [...]

Gold Rises for Second Day, Silver Surges 3.3%

U.S. gold and silver futures rose for a second straight day Wednesday as a weaker U.S. dollar, sharply higher crude oil prices and bargain-hunting pushed up precious metals prices. August gold prices advanced $10.20, or 0.7 percent, to $1,510.40 an ounce on the Comex in New York. Gold prices ranged between $1,500.80 and $1,513.80. [...]Read the [...]

Gold and Silver Little Changed as US Inflation Rises

US gold and silver prices were nearly unchanged Wednesday. The two metals held firm despite a surging dollar and plunging crude oil prices. Greek bailout issues lifted safe-haven buying, opined analysts, as the euro fell against the dollar. Higher than expected US inflation data was also somewhat supportive for gold and silver prices. [...]Read the rest [...]

Gold Rises Slightly, Silver Prices Advance 2.2%

U.S. gold and silver prices rebounded Thursday, supported by higher oil prices and inflationary concerns in Europe. "People are looking at the fact that the ECB has said there will be rate hikes maybe next month, rather than today’s announcement," Societe Generale analyst David Wilson, was quoted on Reuters. "You’d expect higher rates to strengthen [...]

Gold Rises for Second Day, Silver Advanced 1.6%

U.S. gold prices rose Monday, marking a second straight day of gains. Silver advanced 1.6 percent, its best pick-up in nearly two weeks and its first in four sessions. Safe-haven buying over economic concerns was a factor analysts pegged in driving demand for the precious metals. [...]Read the rest of Gold Rises for Second Day, Silver [...]

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