Blog
The team at Gainesville News is dedicated to bringing you relevant updates and analysis about the precious metals markets, as well as news in the broader financial markets. Our reporting reflects the crucial—and often overlooked—role that gold, silver, platinum and palladium play in the global economy, and how these metals interact with other assets and economic developments. We want to empower our readers with the latest information and industry perspectives on important events affecting the markets. We also provide occasional stories concerning geopolitics, important domestic developments, and other topics of interest. We always strive for objectivity and accuracy. Due to their diverse knowledge and professional backgrounds, our contributors also share their opinions where such insights may apply.
Gold Trickles Lower Again
The precious metals continued their slump Tuesday, trickling lower as the dollar advanced again. Global stocks were mixed in early trading and bonds saw an uptick in demand.
Gold Struggles at $1,240
The precious metals showed almost no reaction to higher retail sales and weaker manufacturing data during June. Gold traded just north of $1,240 per ounce to begin trading Monday.
Is Widespread Cryptocurrency Adoption Imminent?
A team of researchers at Imperial College London published a paper that explores the obstacles to wider adoption of cryptocurrencies such as Bitcoin.
260,000 Ancient Bronze Coins Found in Japan
In March 2018, a huge cache of hundreds of thousands of bronze coins dating to the 16th century or earlier were found buried underground in a giant ceramic pot in Japan. It's the largest coin hoard in the country's history.
Gold Slumps to One-Year Low
The precious metals slumped again Friday, with the gold price falling to a one-year low. Wall St opened flat while most sovereign bonds around the globe rose.
Gold Price Steady, CPI Higher
The consumer price index (CPI) and weekly jobless claims were both modestly higher Thursday, helping lift global stock markets. The precious metals also regained some ground in early trading.
Gold Resumes Slide as Trade Heats Up
Gold prices haven't shown much response to the brewing trade war as prices fell back toward $1,250 an ounce on Wednesday. Global stocks opened sharply in the red.
Gold Tumbles Back Below $1,260
Stocks moved higher Tuesday as investors turned their attention to corporate earnings from the second quarter. The precious metals tumbled lower in early trading while oil prices surged.
Gold Price Rises, Dollar Down
The precious metals rallied Monday thanks to a weaker U.S. dollar. The dollar tumbled to a three-week low, which also helped lift global stock markets.
Rare Overdate Gold Eagle Coin Discovered by PCGS
The expert coin graders and authenticators at Professional Coin Grading Service (PCGS) discovered that one of their recent submissions was a rare $10 Gold Eagle 1853/2 overdate error coin, the highest-grade example of the variety.