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.
Data Breach Hits Australia's Perth Mint
Computer hackers reportedly accessed the personal data of over 3,000 customers of Australia's Perth Mint. Despite the security breach, the mint confirmed that no client assets were impacted by the hack.
Hoard of Roman Gold Coins Found in Italy
The first news reports about a hoard of ancient gold coins from imperial Rome are starting to leak out into the media. The hoard contains about 300 gold coins and was found in the basement of an old Italian theater.
Did Physicists Accidentally Discover a Way to Make Gold?
Physicists working at CERN made the improbable discovery that the Large Hadron Collider (LHC) was forming a thin layer of precious metals along the inner surface of the structure. Will they find a way to efficiently collect this gold and platinum?
Precious Metals Fall Tuesday
Tuesday was a rather slow day for international markets. With no fresh news to digest, the precious metals market slumped in early trading. The silver price may dip below $14/oz by the end of the session.
Gold Rallies On Short-Covering
Global equities rebounded to start the week, but gold prices also jumped higher when markets opened on Monday. The yellow metal traded back near $1,200 per ounce.
Proof Palladium Eagle Coins Sell Out Quickly
Demand for the new 2018 Proof Palladium Eagle coin from the United States Mint was so strong that the coin reached its maximum purchase limit of 15,000 within minutes of going on sale.
Bullion Purchases Surge Amid Low Prices
As the prices of gold and silver have continued to trend lower in a consolidation pattern during the third quarter, bullion buying around the world has rebounded as investors look for value.
Nonfarm Payrolls Sink Gold Price
The precious metals sank Friday right along with the stock markets thanks to nonfarm payrolls beating expectations and steeper wage growth. This increases the likelihood of more rate hikes from the Federal Reserve.
Precious Metals Creep Higher Again
More trouble for emerging markets helped lift the precious metals modestly Thursday morning. Initial jobless claims hit nearly a five-decade low while the monthly nonfarm payrolls will be reported Friday.
Gold Gains as Trade Deficit Widens
Trade war fears reared their ugly head again Wednesday, driving global stocks and most emerging markets lower. The dollar also fell, which provided a modest lift to the precious metals.