Numismatic News

Gold Prices Close at Record High, Silver Rises 1.8% June 17, 2010 at 4:14 PM New York gold prices ended up 1.5 percent on Thursday to close at a new record and flirted with its all-time intraday high of $1,254.50 an ounce reached on June 8. Other metals followed with their own gains. Silver jumped 1.8 percent, palladium advanced 1.3 percent and platinum rose 0.3 percent. In other news, crude oil broke away from yesterday's six-week high to finish a full percentage point lower and U.S. stocks edged slightly higher — of the major indexes, the Dow advanced the most but only by 0.24 percent. (...) Read the rest of Gold Prices Close at Record High, Silver Rises 1.8% (1,567 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 Coins, Lincoln Cents and Annual Sets Rally June 17, 2010 at 7:36 AM United States Mint fractional bullion American Gold Eagles sprinted out of the gate, while old and new Lincoln cents and annual collector sets jumped over their prior weekly sales with sharp gains. In the case of 2010 fractional Gold Eagles, pent-up demand was minimized by their much earlier launch as compared to the fiery 2009s, but opening 5-day sales already have them well on their way to topping all sizes sold in 2008. The 240,000 that buyers purchased of the least expensive 1/10 ounce Gold Eagle is just 30,001 short from surpassing sales in both 2008 and 2009. (...) Read the rest of US Mint Sales: Gold Coins, Lincoln Cents and Annual Sets Rally (1,115 words) © CoinNews.net 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 Gains, Silver, Metal Prices Commentary – June 17, 2010 June 17, 2010 at 7:08 AM The Creeping Art of Ultracrepidarianism Good Morning, You can count Spanish bond auctioneers among the few happy campers over in Europe this morning. The country's 10 and 30-year sales of the debt instruments met with a warm reception albeit yields on the latter were up substantially from levels seen last month. Moreover, the country is expecting to avail itself of less than a third of the "FROB" bank rescue fund that totals 99 billion euros, in an indication that its banking sector is far more solid than the market vigilantes would have one believe. The publication of US-style stress test results on Spanish lenders is imminent. (...) Read the rest of Gold Gains, Silver, Metal Prices Commentary – June 17, 2010 (822 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.