Gold futures climb above $1,400.00
Park Avenue Numismatics, Miami Beach, FL — June 3, 2013 – Gold futures moved above $1,400 on Monday and climbed as high as $1,410 an ounce. This spike is due to a weaker U.S. dollar and other economic data. Prices were trading around $1,395 before news that the Institute for Supply Management index fell to 49.0% last month from 50.7% in April. That marked the first contraction since November. Bigger news this week will come from the U.S. employment report on Friday, as well as any news about signs of more QE from Federal Reserve. The Federal Reserve’s QE program has historically helped gold as QE tends to put pressure on the U.S. dollar and can lead to inflation. Gold is often seen as a hedge against inflation and consider a safe haven investment at these times.
Gold Futures move higher on Thursday
Park Avenue Numismatics, Miami Beach, FL — May 23, 2013 – Gold futures are moving higher on Thursday, as the U.S. dollar dropped against the Japanese yen due to huge losses for equities in Tokyo. The Japanese market downturn is due to the speculation of the tapering of stimulus efforts by the U.S. Federal Reserve in the coming months and the downbeat China data as the contributing factors. Gold futures jumped nearly $23.40 at one point to sell for $1,390.80 an ounce. The combination of a weaker U.S. dollar and falling stock markets has been the force that is now pushing Gold higher. Historically, easy monetary policy tends to pressure the U.S dollar and can lead to inflation. Gold is often seen as a hedge against inflation.
Gold Futures climb on Wednesday to it highest level in a month
Park Avenue Numismatics, Miami Beach, FL — May 8, 2013 – Gold futures climbed Wednesday to its highest level in nearly a month. Gold for climbed as high as $24.90 an ounce during the trading day to $1,473.70, due to the weakness in the U.S. dollar and strong demand in Asia. Silver traded as high as $23.60 an ounce.
Precious Metals move higher on Monday
Park Avenue Numismatics, Miami Beach, FL – April 29, 2013 – Precious Metals moved higher on Monday, as investors believe the Fed will continue its easy-monetary policies among key central banks. These expectations coupled with a weaker U.S. dollar lured investors back to the precious-metals market. Gold climbed as high as $1,477.00 an ounce and Silver was at $24.61 an ounce. This is after Gold gained over 4% last week.
Cyprus helps Gold move higher
Park Avenue Numismatics, Miami Beach, FL – March 21, 2013 – Gold futures advanced on Thursday, due to investors moving money into the precious metal markets as fears grow over Cyprus and its impact it may have on the euro zone. April futures for gold were up as much as $6.20, to trade at $1,613.70 an ounce. Market sentiment is that investors and traders may switch out of euro type investments and re-allocate funds into gold and other precious metals due to its safe haven appeal. This situation coupled with the today’s weaker than expected economic data from the United States, Europe and China may be the catalyst to drive Gold even higher.
Gold futures move towards $1,600 an ounce
Park Avenue Numismatics, Miami Beach, FL – March 12, 2013 — Gold futures continues is recent move towards the $1,600 an ounce in early trading Tuesday. Investors are taking advantage of the recent price declines. Gold rose as much as $17.00 and ounce to $1,595 an ounce on the Comex division of the New York Mercantile Exchange. This recent move is due increased demand from China as they try to take advantage of the pullback.
Gold futures continue to move higher on Wednesday
Park Avenue Numismatics, Miami Beach, FL – March 6, 2013 – Gold futures continue to move higher Wednesday, looking to extend its small rally for a third straight day, as investors continue to use the metal’s safe-haven appeal to offset some current economic data such as a drop in U.S. private-sector employment as well factory orders. Gold traded as high as $3.70 to $1.578.60 an ounce. Silver also rose as high as 29 cents, to $28.90 an ounce.
Gold futures move higher in early Tuesday trading
Park Avenue Numismatics, Miami Beach, FL – March 5, 2013 – Gold futures prices continue to move higher at a moderate pace in early U.S. trading Tuesday. Asia has recently shown better demand for physical gold and that is bullish for gold in the short term. Precious metals continued to get help the weakening U.S. dollar. Gold last traded up $8.70 at $1,581.10 an ounce and silver last traded up $0.389 at $28.895 an ounce.
Gold Futures open higher on Monday
Park Avenue Numismatics, Miami Beach, FL – March 4, 2013 – Gold futures open higher on Monday, taking back most of the loses from the previous trading session. Once again, investors are seeking precious metal’s because of thier safe-haven appeal as the equity markets show signs of uncertainity.
Gold moves past $1.600.00 per ounce
Park Avenue Numismatics, Miami Beach, FL – February 26, 2013 – Gold futures moved above $1,600 an ounce Tuesday due to testimony from the Federal Reserve’s chairman. The chairman once again stressed the economic benefits of the central bank’s quantitative-easing measures. This gave investors confidence that the Fed will not reconsider its QE program. Gold has benefited from the program due to concerns that the program may spur inflation and weaken the dollar. Gold is considered a hedge against inflation. Gold rose $25.50, to $1,612.20 an ounce during midday trading and this was on top of Monday gains.