Gold Settles $5.60 Lower, Silver Gains 17 Cents
2012-03-14 00:22:14
Gold closed lower for a second straight session as a firmer U.S. dollar provided resistance. The ...
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Gold closed lower for a second straight session as a firmer U.S. dollar provided resistance. The greenback strengthened as Federal Reserve policy makers said in a statement Tuesday that inflation remains subdued and that market conditions have improved, while providing few clues for further monetary easing.
Gold prices lost $5.60, or 0.3%, to $1,694.20 an ounce in the April futures contract on the Comex in New York. Gold touched an intraday low of [...]
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Gold Rebounds from 6-Week Low, Silver Rallies 2.4%
2012-03-08 01:21:34
Gold rebounded Wednesday from a six week-low and a three-day losing streak. Gains were attributed to ...
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Gold rebounded Wednesday from a six week-low and a three-day losing streak. Gains were attributed to reports that the Fed is weighing a new form of bond-buying program, improved sentiment on Greece's debt deal, riskier appetites and a weaker U.S. dollar.
Gold prices settled up $11.80, or 0.7%, to $1,683.90 an ounce in the April futures contract on the Comex in New York. Gold bracketed an intraday low and high of [...]
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US Mint Sales: Demand Jumps for Bullion Coins, Infantry Commemorative Products
2012-03-07 23:04:31
In a rarity, demand climbed sharply for all 2012 Infantry Soldier Silver Dollar commemorative ...
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In a rarity, demand climbed sharply for all 2012 Infantry Soldier Silver Dollar commemorative products during their second full week of availability, the latest U.S. Mint sales figures revealed.
New commemorative coins typically sprint out of the sales gate following their release and then begin to slow at a sustained rate. Infantry Silver Dollars were following that pattern until last week when buyers grabbed 36,685 as compared to the previous week's 24,554 [...]
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In The Lead – The Panic In Needle Park
2012-03-07 20:14:21
Gold traded at a month-and-a-half low on Tuesday and its 50, 100, and 200-day moving averages were ...
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Gold traded at a month-and-a-half low on Tuesday and its 50, 100, and 200-day moving averages were all either touched and/or demolished amid a fresh bout of heavy selling by speculators of the institutional ilk. More on that phenomenon, later.
After touching a low near $1,662 the yellow metal closed in New York at the $1,674 spot bid level, down about $32 per ounce. In news from the world of gold fundamentals (still largely ignored), we reported the other day that Aussie output was flat year-on-year. Overnight, we learned from the USGS that US gold production rose by 4% in 2011 and that it climbed by 10% in the final month of the year [...]
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Titanic Remembered in Canadian Commemorative Coins
2012-03-07 19:16:13
The Royal Canadian Mint on Monday unveiled a series of commemorative coins that pay tribute to the ...
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The Royal Canadian Mint on Monday unveiled a series of commemorative coins that pay tribute to the 100th anniversary of the sinking of the RMS Titanic.
In 1912, the luxurious Titanic was known as the unsinkable ship. An unfortunate collision with an iceberg, however, proved otherwise. Sailing on her maiden voyage from Southampton, England to New York, USA, she sank on April 15, 1912 in the North Atlantic off the coast of Newfoundland. Tragically, 1,517 of the 2,223 passengers died [...]
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