Weekly Market Report

GOLDLast Friday Gold closed at $1,528.60, down $14.20 per ounce for the week. The high/low price of Gold last week ranged from $1,555 to $1,526.70. Last week’s negative news that affected the gold market was primarily: Fed Chair Ben Bernanke’s speech on Tuesday giving no indicator of a QE3 coming. Dow Jones Industrial Average down 200 points for the week...

A weekly review of the Precious Metal and Rare Coin markets providing information and news that affects future values. GOLDLast Friday Gold closed at $1,542.80, up only $6.20 per ounce for the week.  The high/low price of Gold last week ranged from $1,551.60 to $1,518.20. Based on the news released late last week, I was surprised gold was up only...

A weekly review of the Precious Metal and Rare Coin markets providing information and news that affects future values. GOLDLast week’s $28.40 increase in the price of Gold ($1,536.60 per ounce) and the rally in the U.S. dollar versus the Euro were tied to the Greek debt issue. As the Greek and/or Eurozone debt crisis continues to worsen, the gold...