6/25 Numismatic News

Gold Prices Rally Toward $1250, Silver Advances June 24, 2010 at 3:57 PM New York gold lifted toward $1,250 an ounce on Thursday, gaining just over $11 to finish at its highest price this week. A falling dollar, safe-haven appeal and bargain buying were among cited factors for gold's rise. Metals were mixed as group. Silver jumped 1.5 percent. Platinum and palladium fell 0.4 percent and 0.9 percent, respectively. In other markets, crude oil futures prices rose slightly while U.S. stocks finished lower with major indexes dropping between 1.4 percent and 1.7 percent. (...) Read the rest of Gold Prices Rally Toward $1250, Silver Advances (1,861 words) © CoinNews.net for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Bullion Articles and Precious Metal Reports, Business News.   US Mint Sales: Gold and Silver Bullion Coins Reach for Records June 24, 2010 at 1:03 PM United States Mint numismatic coin sales rose in a few areas last week, but Monday's record gold prices and near $19.50 an ounce level for silver naturally draws investors and collectors more toward gold and silver bullion coins. The U.S. Mint updated sales figures for those coins Thursday morning, and a few areas draw attention: American Silver Eagles are a stone's throw away from 18 million in sales this year, jumping 809,000 since last Wednesday, June 16, for 2,533,500 this month. Last year's annual record of 28.7 million is clearly within reach. The pace, however, will have to pick up for June to surpass the 3,636,500 sold in May — the highest monthly level since 1986. 1 oz American Gold Eagle bullion coins just topped 600,000. 34,000 more were added since last Wednesday, bringing June's total to 79,500. The one ounce size is now competing with the three smaller 2010 fractional Gold Eagles. Those were released June 3 and now stand at a combined 339,500 for coins leaving Mint doors. Buyers have ordered 132,500 ounces of the four eagles this month. That already places June into the second best of month 2010. (...) Read the rest of US Mint Sales: Gold and Silver Bullion Coins Reach for Records (1,149 words) © Mike Unser for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Coin or Numismatic News, Mint Sales Figures, United States Mint News and Information.   Gold, Silver, Metal Prices Commentary – June 24, 2010 June 24, 2010 at 8:33 AM Hen(e)ry Hawks Routed From Roost? Good Morning, The Fed's inaction on interest rates gave further indications that it is still preoccupied with falling prices rather than the opposite. The unsurprising announcement came on the back of coincidental statistical data release showing a 33% cratering in new home sales. Coupled with an anemic private sector payroll situation, the above factors prompted the FOMC to reaffirm its 'extended period' stance. A stance of a different kind was once again exhibited by dissenting Fed policy maker Thomas Hoenig, who warned that the asset bubbles being created by virtually free money could have unwelcome consequences. (...) Read the rest of Gold, Silver, Metal Prices Commentary – June 24, 2010 (1,207 words) © Jon Nadler, Kitco Metals Inc. for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Bullion Articles and Precious Metal Reports, Business News, Commentary.