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 Up on Chinese Tarriff News
Gold up on Chinese tariff news after falling earlier this morning. Before the tariff headlines, it had appeared gold was headed for the first weekly decline in four weeks.
The Chinese State Council announced a decision to impose tariffs ranging from 5% to 10% on $75 billion U.S. goods. The tariffs would take effect in two stages on Sep. 1 and Dec. 15. China also said a it would impose a 25% tariff on U.S. cars and a 5% on auto parts, which will go into effect on Dec.15. These tariffs are in retaliation for additional U.S. tariffs announced earlier this month.
The Dow is now set to drop 100 points on the news, while gold got a shot in the arm. December gold futures had slid 0.5% Thursday to settle at $1,508.50 an ounce on Comex, with prices down 1% so far this week. After the tariff news hit, the December contract rose to $1,510.9 and is now up to $1,514.10.
