U.S. Coin Collecting

Gold and Silver Mark Weekly Losses, US Mint Coin Demand Improves

Gold declined Friday with other commodities and U.S. stocks, assuring its biggest weekly loss this year which came to $66.60, or 3.7%. Many analysts had a bullish attitude toward the yellow metal when closing up shop last week. But sentiment — at least short term — quickly changed Wednesday when Fed Chairman Ben Bernanke testified before Congress without signaling another round of monetary easing. Gold plunged 4.3% on that day, recovered a modest 0.6% Thursday and then backed down 0.7% on Friday. Read the rest of Gold and Silver Mark Weekly Losses, US Mint Coin Demand Improves