Gold futures open higher on Tuesday
Park Avenue Numismatics, Miami Beach, FL - January 8, 2013 - Gold futures open higher on Tuesday based on signs of an increased demand coming out of Asia. Gold futures rose $7.60 an ounce, to trade at $1,653.90 in electronic dealings. Silver is .14 and is trading over 30.25 per ounce.
Fiscal Cliff Agreement moves Precious Metals Higher
Park Avenue Numismatics, Miami Beach, FL - January 2, 2013 -Precious Metal’s prices are moving higher on Wednesday after U.S. lawmakers agreed on a budget deal a day before, therefore averting the effects of the “fiscal cliff”. Gold futures rose over $10.00 an ounce as the dollar fell in the wake of the budget deal. Silver is up over .75 in early morning trading.
Gold prices have moderate gains Monday
Park Avenue Numismatics, Miami Beach, FL - December 10, 2012 - Comex gold futures have moderate gains Monday, due to support on some safe-haven demand, investors doing some bargain hunting and short covering. The Federal Reserve’s Open Market Committee will be very closely scrutinized this week by the market place. Bullish metal investors are counting on a early Holiday present from the Fed. February gold last traded up over $7.00 an ounce settling in at $1,712. Silver is up .11 and the Ask is currently $33.32 per ounce.
Gold climbs back above $1,700 an ounce
Park Avenue Numismatics, Miami Beach, FL - December 6, 2012 — Gold futures climbed back above $1,700 an ounce, finding some safe-haven support from investors as the European Central Bank cut its economic forecasts, sending the euro sharply lower. Gold for February is up more than $5.00 in midday trading to over $1,700 an ounce on the Comex division of the New York Mercantile Exchange. Silver is up .14 trading above $33.00.
Gold futures climbed Monday
Park Avenue Numismatics, Miami Beach, FL - December 2, 2012 - Gold futures climbed Monday, as continued weakness in the U.S. dollar, and as investors parsed economic data from the U.S. and China helped prices gain support at these levels after losing some ground in November.
Precious metals continue to move higher on Thursday
Park Avenue Numismatics, Miami Beach, FL - November 29, 2012 - Gold and Silver futures continue to go higher on Thursday. Investors are buying based on the hope that Washington will avert large-scale U.S. spending cuts and tax hikes. This also helped pressure the dollar and boosted demand for riskier commodities. Gold for December $7.00, to $1,727 an ounce on the Comex division of the New York Mercantile Exchange. Silver is up .55 to $34.42 an ounce.
Gold Prices continue to rise
Park Avenue Numismatics, Miami Beach, FL - November 19, 2012 - Gold prices increased higher during Monday morning trading. The precious metals continue their bullish run based on on support from key outside markets — a weak U.S. dollar, tensions in the middle east, continued talks about the fiscal cliff and higher crude oil prices. Gold is currently up over $20.00 at $1735 and silver is up .75 at $33.16.
Stocks tank while gold continues steady climb upwards
Park Avenue Numismatics, Miami Beach, FL - November 14, 2012 - Stocks tanked again while gold continued its steady climb due to tensions in the Mideast and continued talk about the fiscal cliff. These issues combined with a Federal Reserve inclined to keep easing pushed U.S. stocks to their lowest level since July. Gold futures served as the safe haven of choice. The Dow Jones Industrial Average dropped another 185 points, or 1.4%, to 12,571 while Gold futures rose $5.30, to settle at $1,730.10 an ounce.
Gold futures headed higher Wednesday
Park Avenue Numismatics, Miami Beach, FL - November 14, 2012 - Gold futures headed higher Wednesday as continued disappointing economic data and concerns about the fiscal cliff boosted the metal’s safe-haven status. Gold for December delivery GCZ2 +0.31% rose $5, to $1,729.80 an ounce on the Comex division of the New York Mercantile Exchange. It traded between $1,720.50 and $1,734.
Gold futures closed higher Thursday
Park Avenue Numismatics, Miami Beach, FL - November 9, 2012 - Gold futures closed higher Thursday following the European Central Bank’s decision to keep its monetary policy intact and as investors worried about the so-called U.S. fiscal cliff. Gold for December delivery rose $19 to $1,733.00 an ounce on the Comex division of the New York Mercantile Exchange. Also, other major metals traded higher, silver rose .72 cents for December delivery and closed at $32.38 an ounce. Given Wednesday’s sharp sell-off in the equity markets, the gains in gold and silver suggest they are once again viewed by investors as safe- haven investment vehicles.