Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
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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 slips after reaching highs
Gold slipped early Monday as the U.S. Dollar Index traded near a two-week high and Asian stocks and equity markets around the world rallied after wild swings last week.
The yellow metal had climbed to a new six-year high last week as investors fled to safety amid turmoil in equity markets, fears that the global economy is heading for a recession and negative bond yields.
This morning, benchmark U.S. Treasury yields rose gaining distance from last week’s record lows which led to the market disrupting inverted yield curve (the two- and 10-year bonds inverted for the first time since 2007 on Wednesday).
