Bullion and Business News

Bullion and Business News

Bullion and Business News - silver, gold and platinum news and related articles as well as financial business updates.

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Written by michaelu1 on
Precious metals surged this week with gold, platinum and silver posting sizable percentage gains. Inflation concerns, economic worries and speculation of a declining US dollar were common reasons proffered for the yellow metal’s fortunes. Crude oil fell Friday and for a second straight day, but managed a small weekly increase. In stocks, major US indexes ended mixed Friday and for the week while European indexes checked the losing column for both. For London bullion weekly figures , gold rose 3.3 percent, silver surged 5.0 percent and platinum soared 5.6 percent. In New York bullion weekly figures , gold rose 2.7%, silver advanced 6.1% and ... Read Full Story
Written by michaelu1 on
The cost of living in the US rose more than expected in October, as the price of fuel, food and cars helped drive costs higher, according to a Labor Department report released Wednesday. Consumer prices rose 0.3 percent in the month after a 0.2 percent increase in September, according to the latest Consumer Price Index (CPI) data. Many analysts were expecting a 0.2 percent increase, according to reports. Core inflation, which exclude volatile food and energy costs, rose by 0.2 percent.   "I don’t see anything in the report that suggests there’s any real inflation flare-up," Joseph LaVorgna, chief U.S. economist at Deutsche Bank ... Read Full Story
Written by michaelu1 on
The cost of living in the US rose more than expected in October, as Americans paid more for fuel, food and new cars, the government reported Wednesday. Consumer prices rose 0.3% in October after a 0.2% increase in September, according to the latest Consumer Price Index (CPI) data released by the Labor Department . The increase is 0.1% higher than many economists had forecasted. The good news for consumers is that prices are down 0.2% from a year earlier. "I don’t see anything in the report that suggests there’s any real inflation flare-up," Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in ... Read Full Story
Written by michaelu1 on
Precious metals were up and down through much of the week as the US dollar mostly set gold’s direction. While metal futures finished with higher weekly gains in New York, silver was the standout in London logging a 1.2% loss. Oil slipped to a one-month low Friday following weaker than expected US consumer confidence numbers. In stocks, European indexes ended mixed on Friday but higher on the week while US indexes were positive both ways, enjoying a second consecutive up week. In London bullion weekly figures , gold rose 0.7 percent, silver fell 1.2 percent and platinum advanced 0.9 percent. Friday precious metals prices ... Read Full Story
Written by michaelu1 on
Precious metals rallied this week following a weaker US dollar that was pushed lower by a series of economic reports, including the Labor Department’s higher than expected unemployment figures of 10.2 percent — a more than 26-year high. Gold reached an all-time high and silver soared. Crude oil tumbled on Friday by nearly 3 percent but still managed to post a small weekly gain. In stocks for the week, European indexes were higher and the three major US indexes advanced more than 3 percent. In London bullion weekly figures , gold jumped 5.5 percent, silver surged 5.8 percent and platinum rose 2.0 percent. Friday ... Read Full Story
SAN FRANCISCO (MarketWatch) -- Oil and gas stocks opened modestly lower across the board Friday, following crude oil prices and the broader stock market as they extended the previous session's declines. The NYSE Arca Oil and Gas Index was off 0.9% at 1,071 points, the NYSE Arca Natural Gas Index was off 0.5% at 498 points, and the Philadelphia Oil Services Index [s; $osx] dropped 0.6% to 192 points. December crude-oil futures were down 74...  
From marketwatch.com ()
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Legendary investor Jim Rogers often makes the financial headlines for his take on currencies, and more recently, precious metals. Here’s what the former partner of George Soros is now saying about the two. Alix Steel wrote on TheStreet.com last Friday: I recently asked Jim Rogers, normally a contrarian investor, what he thought of the steadily weakening [...]  
From investorazzi.com ()
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Nov. 18 (Bloomberg) -- Canada’s dollar fell for a second day as crude oil, the nation’s biggest export, fluctuated and stocks retreated. The currency earlier gained as crude rose and the U.S. dollar declined against most major counterparts. A ...  
From search.msn.com ()
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NEW YORK (Dow Jones)--Gold futures - as well as spot metal - extended record highs shortly before futures floor trading opened in New York on Monday.

A markedly weaker U.S. dollar was mainly behind the surge.

In recent trading, December gold was up $11.70 at $1,107.40 an ounce after hitting a most-active record of $1,111.70. Nearby November gold hit $1,109.30, a front-month Comex record. Spot gold also hit a fresh all-time peak of $1...  

From freerepublic.com ()
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(EMAILWIRE.COM, November 07, 2009 ) Dallas, TX - US Airways Group, Inc. (NYSE:LCC) soars 8.14% to $3.19 on over 12.50 million shares after Crude-oil futures were down 2% to about $78 a barrel in electronic trading. The stock hit an intraday high and ..  
From earthtimes.org ()
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Prieur du Plessis submits: I argued the bull case for gold in my posts over the past few months (see “Gold bullion - regaining its shine?“, “Gold bullion glitters bright” and “Gold bullion - challenging $1,000“. With the gold price scaling fresh peaks and closing in on $1,100, it would certainly seem as if renewed interest in the yellow metal is being stirred up, especially subsequent to the purchase by India’s central bank of 200 metric tons...  
From seekingalpha.com ()
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Central banks and the bullion priceTWO hundred metric tonnes of gold would occupy a cube of a little more than two metres on a side; it would fit into a small bedroom. But India’s purchase of that volume of gold from the IMF last month has had an outsize impact on the markets, helping push the price well above $1,100 a troy ounce.For bullion bulls, the implication is clear: central banks no longer trust the creditworthiness of other...  
From economist.com ()
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                                                                                                gold bullion buygold bullion buybuy gold bullion by personal checkAs a United States Mint American Eagle program retailer we buy and sell American Eagle gold bullion, silver bullion, and platinum bullion coins, buy australian gold bullionbest bullion buy coin goldgold buy bullion coinsbuy huge gold bars bullionbullion buy gold whereBuy silver and...  
From friendsterforum.com ()
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MUMBAI: Gold prices tumbled from their overnight record high levels on the bullion market here on Friday on emergence of hectic selling by stockists amidst weak overseas cues. Silver also dropped d...  
From story.indiagazette.com ()
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Reno-based Itronics, Inc. (OTC: ITRO) says it doubled silver sales during the first 9 months of the year, despite a downturn in spent photoliquid volume which the company recovers heavy metals from in the manufacture of its green silver.  
From axcessnews.com ()
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