(Gold prices story updated with Fitch downgrades, closing prices)

NEW YORK (TheStreet ) — Gold prices lacked clear direction on Friday after the latest reading on employment in the U.S. showed better than expected job growth in September, but more European credit downgrades kept the markets volatile. As equities seesawed late in the week’s last trading session, gold prices also waffled. Equities finished in the red with a last-minute dive after having staged a last-hour of trading rally, but gold prices broke into the green late on Friday afternoon.

Gold for December delivery was down .90 to ,637.30 an ounce at the Comex division of the New York Mercantile Exchange early on Friday afternoon before rebounding to a gain of at 4 p.m. The gold price has traded as high as ,668 and as low as ,627, while the spot gold price was down .90, according to Kitco’s gold index. …

Gold Prices Move Lower After Jobs Report

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The September correction in the price of gold and silver resulted in a flood of bearish articles by the mainstream press, proclaiming that the “gold and silver bubbles” had burst. Since the mainstream press does not comprehend why precious metals have been in a bull market for the past ten years, the proclamation of the “end of [...]
Gold and Silver Blog

The US Mint’s latest monthly reports on the sale of American Silver Eagle bullion sales show that investor buying has hit all time record levels. Total sales of the American Silver Eagle bullion coins in 2010 came in at a record high of 34,662,500. With over two months remaining in 2011, sales of the American Silver Eagle [...]
Gold and Silver Blog

NEW YORK (TheStreet ) — Gold prices showed signs of life Friday after the metal plummeted 11% in September leaving gold investors battered and bruised.

Gold for December delivery rallied to close at ,622.30 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as ,642.50 and as low as ,607.80, while the spot gold price was up .40, according to Kitco’s gold index.

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Gold Prices End Quarter With a Thud

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NEW YORK (TheStreet ) — Gold prices plunged Wednesday as investors piled into stocks for the first time this month.

Gold for December delivery plummeted .70 to settle at ,817.60 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as ,883.20 and as low as ,798.60, while the spot gold price was down , according to Kitco’s gold index.

Gold Prices Tank as Investors Rush to Stocks

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As politicians celebrated the debt limit increase and congratulated themselves for “saving” the nation that they destroyed, collapsing stock markets and soaring gold prices told a different story.  The public spectacle of a dysfunctional Congress debating the debt limit exposed to the world the horrendous extent to which the US government is addicted to endless [...]
Gold and Silver Blog

NEW YORK (TheStreet ) — Gold and silver prices eked out a modest gain Thursday following a ferocious two-day rally.

Gold for August delivery added .40 to close at ,530.60 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as ,534.90 and as low as ,522.20 while the spot gold price was adding .70, according to Kitco’s gold index.

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Gold, Silver Prices Settle Higher

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NEW YORK (TheStreet) — Copper contracts for July are down .06 on broader economic concerns following yesterday’s remarks from Federal Reserve Chairman Ben Bernanke.

Copper is trading at .08 a pound on the New York Mercantile Exchange. The slight decline comes after an acknowledgement of the bleak economic outlook from Bernanke. The chairman stopped short of offering additional stimulus plans to boost growth, leaving investors uncertain over whether markets could reverse a five-day losing streak.

Copper prices on the London Metal Exchange saw a weak close. The three-month price fell 1.3% to ,026 a metric ton. Today’s drop was the first in four days….

Copper Prices Fall On Economic Outlook

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The prices of gold and silver had each risen to fresh all time highs, just before the severe declines experienced over the past few days. On April 25, 2011, the price of silver touched an intraday high of .82 per ounce. This narrowly eclipsed the previous all time high of .45 reached in 1980. Silver’s [...]
Gold and Silver Blog

Despite the trepidation by some investors of further price declines, silver bounded higher, even as the fifth recent increase in silver margin futures by the COMEX took affect.  As measured by the London Fix Price, silver closed at .00 on Monday, up from .20 on Friday.  The impact of the higher COMEX margin requirements had clearly been discounted [...]
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