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.
Digital Currencies = Negative Interest Rates
Gold last traded at $1,788 an ounce. Silver at $23.78 an ounce.
NEWS SUMMARY: Precious metal prices were up Friday after the wholesale inflation index rose to 10-year highs. U.S. stocks attempted to rebound following four-straight days of losses amid investor economic rebound worries.
Kitico--"Gold and silver prices are moderately higher in early U.S. trading Thursday, on some perceived value-buying following this week's selling pressure. Short-covering by the shorter-term futures trades is also likely featured today. A weaker U.S. dollar index on this day is also a friendly outside market force for the metals markets.
The just-released results of the regular monetary policy meeting of the European Central Bank saw no changes in ECB interest rate policy, as expected, but the central bank did slightly reduce its monthly bond purchases at a 'moderately lower pace.'
Global stock markets were mostly down in overnight trading. The U.S. stock indexes are pointed to mixed openings when the New York day session begins. Trader and investor risk appetite is less robust this week. The resurgence of the delta variant of Covid in major economies has the marketplace more pensive....
In a Wall Street Journal interview, Federal Reserve Bank of Atlanta President Raphael Bostic said recent weaker U.S. economic data has likely pushed back the start of the Fed's tapering of its bond-buying program (quantitative easing), but added he still expects a U.S. interest rate hike in late 2022.
Technically, October gold futures bulls still have the slight overall near-term technical advantage but have faded and need to show more power soon to keep their edge. Prices are still in a four-week-old uptrend on the daily bar chart."