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.
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.
In order to evade detection by authorities, a man in India who had stolen gold tried to conceal his crime by eating the gold itself. The results were predictably bad.
The precious metal prices were little changed Friday after the Labor Department released its monthly nonfarm payrolls report. The jobs data was stronger than expected for June.
Gold and silver were slightly lower Thursday morning ahead of the release of the June FOMC meeting minutes. First-time jobless claims were also weaker than expected.
The gold price recovered from the previous day's losses, trading right at $1,250 per ounce Tuesday morning. Markets fretted that China may devalue the yuan as a weapon in the ongoing trade war.
The gold price opened mostly flat Monday morning, holding just below the $1,250/oz mark. Stocks in the U.S. opened lower on the first trading day of the third quarter.
Back in the 1970s, churches and museums in Scandinavia began to find hidden "devil coins." It was part of an elaborate hoax that is now being more fully explained.
With the ascendancy of the Chinese economy, the country has embarked on a somewhat under-the-radar mission to undermine the supremacy of the dollar by pricing oil and gold contracts in yuan.
On the final trading day of the month, gold prices held steady just above $1,250 per ounce. The core PCE index rose above the 2% threshold for the first time in six years.
The gold price sank to a fresh one-year low around $1,250 per ounce Thursday morning despite a slight pullback for the U.S. dollar. Stocks edged up in early trading.