Keep up to date with all the factors affecting precious metals, with Gainesville Coins market updates.
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.
Precious metals slightly higher on the spot market to end week. The US increases pressure on Turkey to release preacher, causing lira to slide again. Stocks held back by chipmakers, a day after decade-high earnings from Walmart sent Wall St higher. Soaring housing prices may begin to affect economy
A moderately lower dollar is supporting precious metals just above unchanged, as a continued sell-off in tech stocks keeps dragging the broader market lower in both the EU and U.S. In addition to earnings, central bank meetings in the U.K., U.S., and Japan this week have markets on the defensive.
Overnight threats exchanged between President Trump and Iranian President Hassan Rouhani last night rattled markets in Europe and the US, and spiked oil prices higher. Threats by Trump to levy tariffs on every thing that Chinese exports to the US, played a large role in stocks falling on Friday
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.
As trade war rhetoric heats up around the world, gold is seeing demand grow.
Precious metals are slightly lower across the board this morning, as the market reacts to the yield on the 10-year Treasury note rising above 3.1%.
Despite only a gradual increase in prices over the past two years or so, gold demand for investment purposes (i.e. coins and bars) is set to rise yet again.
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