GOLD NEARING NEW ALL-TIME HIGH – JAN. 2025 COINSTATS
| Stuppler & Company is proud to provide our clients this Weekly Market Report (WMR). The report gives you my overview of the prior week’s precious metal and rare coin market activity and news. In each WMR, I share the current status of Gold and Silver along with their support and resistance levels. |
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This Week's Headlines: |
Unlike after President Trump’s election when Gold dropped $73 the next day, after Trump’s inauguration, Gold rallied $30 within four days. Gold is on a bullish move, reaching $2,791 during trading last Friday. Gold has an important support level of $2,750, should we see some profit-taking this week. Gold closed Friday at $2,776 per ounce, up $30 for the week.
Gold started 2025 at $2,629 and at Friday’s close it was up $147 (5.5%), a great start for 2025.
Driving this move is increasing demand driven by concerns over President Trump’s future U.S. policy changes. Uncertainties related to the Panama Canal and Greenland or tariffs against Canada, Mexico, the EU, and China has raised concerns about “trade wars” in global markets.
This week there are two important economic indicators being released. The Federal Reserve will make a decision on any decrease in the Fed Fund rates, which looks negative. The U.S. Gross Domestic Product (GDP) for the fourth quarter of 2024 will be released as well. The prediction is a 3% increase.
Today: In overnight trading Gold tested the key $2,750 per ounce support level, and reached a low of $2,743 before rallying back on heavy volume.
Considering the strong week that Gold had, Silver’s performance was disappointing. Silver closed last Friday at $30.60 per ounce after numerous attempts to break above the key $31 price level. We are seeing strong demand for many of the popular Silver investment coins and bars.
Today: Silver followed Gold lower in early trading, briefly breaking below the key $30 per ounce support level. Silver reached a low of $29.99 per ounce before finding fresh buying on European markets.
As the trading moved out of Europe, Silver was back up to $30.50 per ounce.
I’m proud to provide the January 2025 version of CoinStats free of charge for our clients. It has been updated with current prices and populations for regular and plus grades. Other features on CoinStats for January 2025 are six different series: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollar.
The CoinStats report provides a list of my recommended certified U.S. Gold and Silver coins which are found listed on the Best Value page. These are not the modern issue bullion coins or low-grade circulated coins. These are PCGS certified MS63 or higher Gold & Silver U.S. rare coins, dated prior to 1948, which have a proven track record of appreciation and also offer excellent liquidity.
The January 2025 version of CoinStats has updated populations and prices from PCGS. I have also included information on increases in all PCGS grade populations from issue to issue, plus increases in popular PCGS Registries at the bottom of the Best Value page. 2025 is looking like it going to be excellent year for investment quality rare coin owners with high grade Silver and Gold coins. If you wish to receive a copy of the current CoinStats, just reply to this email and specify the series requested in the subject line.
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