Gold rebounds on Tuesday, pushing above 1,260 an Ounce
Park Avenue Numismatics, Miami Beach, FL – June 10, 2014 – Gold rebounded on Tuesday, pushing above $1,260 an ounce. The markets await economic data later in the week and take cues from global risk appetite.
Gold has settled in around $1,261 an ounce. during intra day trading. Silver is up .13 cents to $19.18 an ounce.
Gold is up today while the stock market drop sharply
Park Avenue Numismatics, Miami Beach, FL – May 20, 2014 – Gold is up slightly on Tuesday, holding in a tight trading range while the stock market is down triple digits. Traders are waiting to hear the speeches this week from various Federal Reserve officials for clues on markets the metal’s next direction.
U.S. Economy Sees Signs Of Higher Inflation
Park Avenue Numismatics, Miami Beach, FL – May 15, 2014 – The U.S. Economy is seeing signs of higher inflation. For the past couple of months, there have signs that inflation is increasing. Today we have been provided with the clearest proof to date of accelerating inflation. U.S. producer prices posted their largest increase in 1-1/2 years in April as the cost of food and trade services surged. Inflation is a strong catalyst for the precious metals and many analyst are predicting a new run for Gold and Silver.
Gold prices on Monday looked set to end a four session decline
Park Avenue Numismatics, Miami Beach, FL – May 12, 2014 – Gold prices on Monday looked set to end a four session decline, finding support once again from turmoil in Ukraine after a weekend referendum on the secession of regions in the eastern part of the country threatened to increase tensions between the West and Russia. Pro-Russian separatists declared victory in Sunday’s recession referendums, contributing to rising tensions as Moscow appeared to challenge assertions by Western powers and Kiev that the vote was illegitimate. Gold rose as high as $10.80 to $1,298.40 an ounce after tapping a high of $1,304.50. Silver rose 48 cents to $19.60 an ounce.
Gold holding above the key level of $1,300 an ounce
Park Avenue Numismatics, Miami Beach, FL – May 7, 2014 – Gold is off slightly in morning trading on Wednesday, reacting to reports of talks aimed at resolving the conflict between Russia and the Ukraine. Russian President Vladimir Putin said Wednesday that he was ready to discuss a way out of the Ukrainian crisis with the head of the Organization for Security and Co-operation in Europe, according to a Reuters report. The escalating crisis has helped boost gold, and many believe that tensions probably won’t go away soon. It’s a positive sign that regardless of this news, Gold held above the key level of $1,300 an ounce Investors are also waiting to hear the remarks from Federal Reserve Chairwoman Janet Yellen later in the day. At last checked, gold at $1,304.20 an ounce and Silver was $19.54 an ounce.
Gold flat on Tuesday, staying near its three week highs
Park Avenue Numismatics, Miami Beach, FL – May 6, 2014 – Gold down slightly on Tuesday, staying close to its three-week highs as tensions mount in Ukraine and uncertainty in the stock markets combined to provide support for Gold at these levels. Gold was last trading at $1,308.70 an ounce, while Silver inched up 3 cents to $19.72 an ounce. On Monday, gold prices rose to their highest close since April 14, as tensions abroad drew investors to the perceived “safe haven” of Gold, which has reclaimed the closely watched level of $1,300 an ounce. Gold is taking a healthy breather after advances in the last couple of trading sessions. The Ukraine-Russia conflict is not going away anytime soon and this will help limit selling pressure in the gold markets in the short term.
Gold hits its highest price in three weeks
Park Avenue Numismatics, Miami Beach, FL – May 5, 2014 – Gold is up in early Monday trading as fears over increased about the unrest in the Ukraine. The early morning spike has taken Gold to a level not seen in at least three weeks. Gold rose as much as $13.40 to $1,317 an ounce. If Gold closes a these levels, it would be the highest price since since April 14. Gold prices ended last week on an upswing as and scored its first daily gain in five sessions and pushed past the $1,300 mark on escalating tensions in Ukraine. More tensions surrounding Ukraine over the weekend and into Monday drove investors out of stocks and into perceived safe havens such as gold.
Gold spikes higher as tensions rise in the Ukraine
Park Avenue Numismatics, Miami Beach, FL – May 2, 2014 – Gold prices climbed above $1,300 an ounce on Friday, getting a safe-haven boost with Russia reportedly calling for an emergency United Nations meeting to discuss Ukraine. Support from the increasing tension over Ukraine offset earlier pressure from a stronger-than-expected U.S. jobs report. Gold jumped as high as $19.30 an ounce. Prices had turned negative after the employment data earlier in the day, seesawed between losses and gains, then rallied following news reports surrounding Russia and Ukraine.
Gold holds just under $1,300 an ounce
Park Avenue Numismatics, Miami Beach, FL – April 29, 2014 – Gold futures closed under $1,300 an ounce on Monday, giving back part of the gains they saw in the previous sessions, but prices managed to settle off the day’s low. Gold settled in at $1,299 an ounce, off the low of $1,292.10. The decline may have had something to do with the fact that Newmont Mining Corp had dumped the merger and acquisition negotiations with Barrick Gold Corp. The small pullback may also be due to a strong day in the equities on Monday that added confidence to the market and traders may have taken off the “safe haven” trade for now.
Gold continues its gains on Friday
Park Avenue Numismatics, Miami Beach, FL – April 25, 2014 – Gold continues its gains on Friday, and setting up for a third-consecutive rise as tensions between Russia and Ukraine escalate.
Gold is up over $10.00 to $1,305.30 an ounce during the trading day. Silver is up .13 at $19.88 an ounce. Ukrainian Prime Minister Arseny Yatseniuk accused Russia of wanting to start a third world war by occupying Ukraine, news reports said. U.S. President Barack Obama said he would consult Friday with European leaders about the crisis in Ukraine and continued to warn he was prepared to move ahead with more sanctions against Russia.