Gold futures closed higher Wednesday

Park Avenue Numismatics, Miami Beach, FL - October 17, 2012 - Gold futures closed higher Wednesday, due to growing optimism on the progress towards finding a solution to Europe’s debt troubles helped soften the dollar. Gold for December delivery was up $6.70, to settle at $1,753 an ounce.

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Gold futures inched higher on Tuesday, getting some help as the U.S. dollar

Park Avenue Numismatics, Miami Beach, FL - October 16, 2012 - Gold futures opened higher on Tuesday, getting some help as the U.S. dollar fell on news of potential progress for a Spain bailout. Gold for December rose $4.50 to trade at $1,742.20 an ounce.The euro rose to $1.3044 against the dollar after news reports announced Spain was contemplating applying for a credit line from the European Union’s bailout fund. Weakness in the U.S dollar typically helps such commodities such as precious metals because it makes them cheaper for holders of other currencies.

Gold futures advanced Thursday, with weakness in the U.S. dollar

Park Avenue Numismatics, Miami Beach, FL - October 11, 2012
Gold futures advanced Thursday, with weakness in the U.S. dollar offsetting better-than-expected data that showed improvement in the U.S. labor market. Gold for December delivery rose $9.10, to $1,774.00 an ounce on the Comex division of the New York Mercantile Exchange.

Gold & Silver futures closed higher Wednesday

Park Avenue Numismatics, Miami Beach, FL - October 10, 2012 - Gold futures closed slightly higher Wednesday, finding support due to a weaker U.S. dollar. Gold for December delivery to $1,765.10 an ounce on the Comex division of the New York Mercantile Exchange. It traded as high as $1,766.50 and as low as $1,762.20 Wednesday. Silver closed at $34.11 an ounce, up 12 cents.

Gold prices traded marginally higher on Tuesday

Park Avenue Numismatics, Miami Beach, FL - October 9, 2012 - Gold prices traded marginally higher this morning, as international growth concerns and nervousness ahead of the U.S. corporate-earnings season preoccupied traders. Gold for December rose $1.30 to $1,777 an ounce on the Comex division of the New York Mercantile Exchange.

Gold Future extend gains on Thursday

Park Avenue Numismatics, Miami Beach, FL - October 4, 2012 - Gold futures extended gains on Thursday after the weekly jobless claims reports rose less than expected. Gold for December delivery rallied $16.20 to $1,796 an ounce. Gold prices also pushed higher because investors grew cautious ahead of the outcome of a rate-call meeting from the European Central Bank, and with an important season for Indian gold buying just around the corner.

Gold futures edged higher on Wednseday

Park Avenue Numismatics, Miami Beach, FL - October 3, 2012 - Gold futures edged higher on Wednesday on choppy trading. Gold for December delivery rose $4.60 to $1,780.30 an ounce on the Comex division of the New York Mercantile Exchange.

Gold futures turned higher on Monday

Park Avenue Numismatics, Miami Beach, FL - October 1, 2012 - Gold futures move higher on Monday, with a $16.50 price move along with spike volume at the opening of floor trading. Gold for December delivery 0.9%, to $1,791.30 an ounce on the Comex division of the New York Mercantile Exchange. Gold’s boost came from expectations from a relatively positive U.S. manufacturing data report.

Gold futures ended Friday with standout quarter gains

Park Avenue Numismatics, Miami Beach, FL - September 28, 2012 - Gold futures end this week with healthy quarter gains, up 11% in the July-September period since fears of US dollar weakening and inflation revived their safe-haven appeal. Third quarter was Gold’s best since gains of nearly 12% in the second quarter of 2010.

Gold futures advanced Thursday

Park Avenue Numismatics, Miami Beach, FL - September 27, 2012 - Gold futures advanced today, pushing higher from two-week lows as lower prices brought in the bargain hunters, strikes in South Africa raised supply issues, and traders evaluated the weaker macroeconomic data out of the U.S. Concerns about the euro zone has given gold prices support recently, and traders we’re impressed with gold’s resilience on Thursday after a sell-off in the previous day.