Gold rallys to an 11 week high
Park Avenue Numismatics, Miami Beach, FL – August 23, 2013 -Gold prices had a strong move today with gains of nearly 2%. This upward move back towards $1,400 came as the Federal Reserve stated they may decide to delay a slowdown in monetary stimulus, lifting prices to their highest since early June. Gold got as high as $1,401.40 an ounce during today’s trading.
Silver and Gold futures rallied on Thursday
Silver and Gold futures rallied on Thursday
Park Avenue Numismatics, Miami Beach, FL – August 15, 2013 – Silver and Gold rallied today as the U.S. stock market has a second day of triple digit losses. This market trend coupled with a decline in the U.S. dollar drove investors into the perceived safety of the precious metals. This safe haven trade pushed Silver and Gold much higher. Gold got as high as $1,371.00 an ounce and Silver surged as high as $23.32 an ounce.
Gold closes higher to recoup much of recent losses
Park Avenue Numismatics, Miami Beach, FL – August 14, 2013 – Gold closes higher to recoup much of its recent losses. Precious metals had broad gains today. Gold closed up over $15.00 per ounce. Silver had its fifth day of gains and closed just under $22.00 per ounce This rally is due to strong physical demand and expectations for more of the same amid signs of an improving global economy. Some analysts say that they wouldn’t be shocked to see gold reach $1,350.00, which is considered its next resistance level.
Gold prices are consolidating, which is viewed as healthy after this last rally
Park Avenue Numismatics, Miami Beach, FL – August 13, 2013 – Gold prices are trading moderately lower on Tuesday. The market is seeing some chart consolidation following recent gains. Many traders view this as normal and healthy after after Gold hit a three week high on Monday. This week can give some direction from some important U.S. data reports coming out this week. Gold was down as much $1,317.80 an ounce during the morning trading session.
Silver and Gold push higher on Monday
Park Avenue Numismatics, Miami Beach, FL – August 12, 2013 – Silver and Gold pushed higher on Monday, making this the fourth day of consecutive gains for the precious metals. Silver and Gold futures rose as key ETF’s increased their holdings in the hard assets for the first time since June. The increase in demand has been driven by the better-than-expected import data out of China. The strength in the metals is even more bullish as the U.S dollar moved higher which typically a bad sign for dollar denominated commodities like Silver and Gold. Gold traded as high as $1,340.60 per ounce in early trading and silver was as high as $21.54 per ounce.
Gold and other metals rallied on Thursday
Park Avenue Numismatics, Miami Beach, FL – August 8, 2013 – Gold and other metals rallied on Thursday, boosted by a weaker U.S. dollar and stronger-than-expected July trade figures from China. Gold broke back above $1.300.00 per ounce. The high on the day was 1315.80 per ounce. Silver was up more than 3%, getting as high as $20.46 per ounce. Many analysts believe the next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,350.00.
Gold finishes with third week of gains
Park Avenue Numismatics, Miami Beach, FL – July 26, 2013 – Although Gold prices fell on Friday trading, its still set to finish with its third straight week of gains. At current levels, Gold would have risen nearly 2% this week.
Silver is also off today, but will still post almost a 1% gain for the week as well. In fact, some analyst are starting to see Silver as buy at $20.00 per ounce. Next week will be telling as investors are getting set for a busy week of central bank meetings and economic data. During the trading day, Gold traded as high as $1,332.80 and Silver at $20.22 an ounce.
Silver and Gold climb Thursday after major pullback
Park Avenue Numismatics, Miami Beach, FL – July 25, 2013 — Silver and Gold climbed Thursday during trading after a pullback of more than 1% the previous day. Precious metals are reacting to the current weakness in the U.S. dollar and the uncertain guidance of when the Federal Reserve will start to taper its monetary policy. Gold got as high as $1,333.50 an ounce and Silver moved upward to $20.37 an ounce.
Gold surges ahead and has its biggest gain of the year!
Park Avenue Numismatics, Miami Beach, FL-July 23, 2013 – Gold surges with its biggest gain of the year, fueled by demand from Asia and clarity from the Federal Reserve. Gold prices rose by more than 3 percent Monday. The move was driven by physical demand from Asia, as well as investors hoping that the Federal Reserve will continue its intervention in the U.S. economy. Gold for December rose $43.30 to close at $1,337.30 per ounce. Although the Federal easing programs are meant to boost the economy, they also make investors worry about inflation which pushes investors to buy gold as an hedge against inflation. The dollar fell against other major currencies and this also a catalyst to buy since gold is sold in dollars, a cheaper dollar makes gold less expensive as well. Silver, which tends to pace in the same direction as gold but is often more volatile, rose by an even bigger percentage. It jumped 5 percent, up $1.049 to $20.50 per ounce.
Gold futures reclaim the $1,300 levels on Monday during early trading
Park Avenue Numismatics, Miami Beach, FL-July 22, 2013 – Gold futures reclaim the $1,300 level, with help coming from a weaker U.S. dollar. Commodities including silver and gold that are priced in dollars can benefit when the dollar declines, as the resources become less expensive to buy for holders of other currencies. Gold got as high as $1,329.90 and ounce and Silver $20.53 an ounce in early trading.