Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
Secure Private Ordering
We use the latest online security processing,
so your order is safe & private.
We DO NOT disclose any customer
information to ANY third party company.
Our customer privacy is our priority.
Over 30 Years Experience
Park Avenue has over 30 years
experience buying and selling
Rare Coin and Precious Metals.
We have the knowledge and
ability to provide our customers
with the best products and services.
Gold is a risk-on commodity
Gold last traded at $1,908 an ounce. Silver at $24.45 an ounce.
NEWS SUMMARY: Precious metal prices rose Tuesday amid falling consumer confidence and a weaker dollar. U.S. stocks fell for a second day on rising Covid-19 cases and lawmakers' inability to agree on a new fiscal stimulus plan.
Coghlan/Forex Live---"This post is to point out a relationship with gold and the dollar that a number of people have contacted me about over the last few months. It sometimes pays to spell out the obvious as the obvious is well, not always as obvious as we might think. Gold is an anti-dollar commodity....A rising dollar weakens gold and a falling dollar strengthens gold. Now during the COVID-19 crisis the USD has been operating like a safe haven currency and gaining strength during risk off sessions....Gold is a risk on asset right now. Stimulus, reflation, vaccine optimism all will help gold to the upside. So, consider gold as a 'risk-on commodity'. In expectations of good times expect gold gains."
