Posted on July 22, 2013
The price of gold is kicking off this week with a bang. Overnight, gold prices rocketed higher as a weaker dollar and higher crude oil prices have lent support to the market. It did appear that in the overnight action stops were run as shorts scrambled to cover and fresh buyers entered the market. We…
Posted on July 19, 2013
Gold Spot Price Open: $1,285 Gold Spot Price Close: $1,295 Change in Gold Spot Price: +$10 Silver Spot Price Open: $19.50 Silver Spot Price Close: $19.58 Change in Silver Spot Price:+$0.08 Gold and silver made some small gains on Friday amid a much quieter marketplace. Gold picked up about ten dollars while silver gained a…
Posted on July 19, 2013
Gold prices are on the move higher on Friday as stronger crude oil prices and a weaker dollar index are lending support to the yellow metal. The market is currently trading up by about $6.00 per ounce in quiet trade. All things considered, this was a pretty quiet week in the gold market. In fact,…
Posted on July 19, 2013
A few more products have just hit our inventory this week, and we’ve priced them at aggressive rates to pass on mint savings to our customers. Make sure to visit www.JMBullion.com today to see our latest inventory additions, or give us a call at 800-276-6508 to speak with a live representative toll-free. Silver Britannias In…
Posted on July 18, 2013
Gold Spot Price Open: $1,278 Gold Spot Price Close: $1,284 Change in Gold Spot Price: +$6 Silver Spot Price Open: $19.51 Silver Spot Price Close: $19.43 Change in Silver Spot Price:-$0.08 Gold and silver experienced mixed results on Thursday as Bernanke was set to conclude his speeches for the week by addressing the US Senate….
Posted on July 17, 2013
Gold Spot Price Open: $1,292 Gold Spot Price Close: $1,276 Change in Gold Spot Price: -$16 Silver Spot Price Open: $20.02 Silver Spot Price Close: $19.38 Change in Silver Spot Price:-$0.64 In the wake of Bernanke’s address to the US House of Representatives gold and silver fell by decent margins. At the end of the…
Posted on July 16, 2013
Gold Spot Price Open: $1,285 Gold Spot Price Close: $1,293 Change in Gold Spot Price: +$8 Silver Spot Price Open: $19.91 Silver Spot Price Close: $20.07 Change in Silver Spot Price:+$0.16 Gold and silver made modest gains on Tuesday, one day ahead of this week’s marquis news story. When all was said and done, gold…
Posted on July 16, 2013
Gold and silver prices remain relatively static ahead of Ben Bernanke’s testimony before the House Financial Services Committee tomorrow, which could shoot prices in either direction depending on the content of his message. We will have an update on Bernanke’s testimony tomorrow upon release, and for now have several new products to offer online at JMBullion.com. Morgan…
Posted on July 15, 2013
Gold Spot Price Open: $1,286 Gold Spot Price Close: $1,285 Change in Gold Spot Price: -$1 Silver Spot Price Open: $19.98 Silver Spot Price Close: $20.01 Change in Silver Spot Price:+$0.03 Gold and silver were stagnant for most of the day on Monday, thanks to a mostly firmer US Dollar Index. At the end of…
Posted on July 15, 2013
Gold prices are slightly higher today to kick off the week on the right foot. Markets in general however, appear to be very quiet today as the summer doldrums have set in. Overnight, China reported a Q2 GDP reading basically in line with consensus estimates. There were some concerns about this number coming in weaker…
Posted on July 12, 2013
Gold Spot Price Open: $1,282 Gold Spot Price Close: $1,286 Change in Gold Spot Price: +$4 Silver Spot Price Open: $20.03 Silver Spot Price Close: $19.97 Change in Silver Spot Price:-$0.06 Gold and silver experienced some mixed results on the last day of the week as a corrective bounce is to blame. After a few…
Posted on July 12, 2013
This was certainly an interesting week for the gold market. As of this post, the price of gold is about to notch its first winning week out of the last four weeks. Gold prices have been trending higher since July 5th, and the market can thank Ben Bernanke for a large portion-if not all of…
Posted on July 11, 2013
Gold Spot Price Open: $1,256 Gold Spot Price Close: $1,288 Change in Gold Spot Price: +$32 Silver Spot Price Open: $19.33 Silver Spot Price Close: $20.20 Change in Silver Spot Price:+$0.87 Gold and silver improved upon the small gains they made yesterday after a speech by Ben Bernanke helped ease the monetary policy firestorm. When…
Posted on July 11, 2013
After reaching multi-year lows in the past few weeks, gold and silver have rebounded in strong fashion to currently sit at $1,282 and $20.03, rising $26 and $0.70 on the day. These increases in price come upon the words of US Federal Reserve chairman Ben Bernanke, who indicated that despite the June minutes indicating a…
Posted on July 10, 2013
Gold Spot Price Open: $1,249 Gold Spot Price Close: $1,254 Change in Gold Spot Price: +$5 Silver Spot Price Open: $19.28 Silver Spot Price Close: $19.26 Change in Silver Spot Price:-$0.02 Gold and silver improved slightly on Wednesday thanks to the release of the latest Federal Open Market Committee meeting minutes as well as a…
Posted on July 09, 2013
Gold Spot Price Open: $1,237 Gold Spot Price Close: $1,249 Change in Gold Spot Price: +$12 Silver Spot Price Open: $19.13 Silver Spot Price Close: $19.28 Change in Silver Spot Price:+$0.15 Gold and silver posted modest gains again on Tuesday thanks to the ongoing situation in Egypt and some economic data out of China. At…
Posted on July 08, 2013
Gold Spot Price Open: $1,223 Gold Spot Price Close: $1,237 Change in Gold Spot Price: +$14 Silver Spot Price Open: $18.99 Silver Spot Price Close: $19.11 Change in Silver Spot Price:+$0.12 Gold and silver made some positive gains on Monday after a weekend that featured very few news stories. At the end of the day…
Posted on July 08, 2013
Gold prices are trading sharply higher today as some bargain hunters have entered the market following Friday’s sell off and some shorts cover positions. In addition, the ongoing unrest in Egypt is likely fueling some safe haven demand in the precious metals complex. The sell off in gold following last Friday’s non-farm payrolls data was…
Posted on July 05, 2013
Gold Spot Price Open: $1,249 Gold Spot Price Close: $1,223 Change in Gold Spot Price: -$26 Silver Spot Price Open: $19.60 Silver Spot Price Close: $18.91 Change in Silver Spot Price:-$0.69 Today was the day investors and market watchers have been looking forward to since the beginning of the week. A key US jobs report…
Posted on July 05, 2013
Gold prices are under a lot of pressure on Friday to end the week. After making what appeared to be a meaningful reversal last Friday off of the overnight lows, the gold market was showing some signs of life this past week. Many had thought that maybe, just maybe, the bottom was in-at least for…
Posted on July 03, 2013
Gold Spot Price Open: $1,245 Gold Spot Price Close: $1,255 Change in Gold Spot Price: +$10 Silver Spot Price Open: $19.45 Silver Spot Price Close: $19.81 Change in Silver Spot Price:+$0.36 Gold and silver both made modest gains on Wednesday due to more heated news out of Egypt. At the end of the day gold…
Posted on July 02, 2013
Gold Spot Price Open: $1,259 Gold Spot Price Close: $1,242 Change in Gold Spot Price: -$17 Silver Spot Price Open: $19.77 Silver Spot Price Close: $19.41 Change in Silver Spot Price:-$0.36 As tensions rise in Egypt it looked as though gold and silver were going to make some decent gains on the day, though after…
Posted on July 02, 2013
After last week’s crushing blows to both gold and silver, yesterday provided a bit of relief as both the metals gained a few percentage points back. Silver opened the day’s trading at $19.77, and currently sits at $19.43. Gold opened the day’s trading at $1,259, and currently sits at $1,248. Both of these prices represent significant…
Posted on July 01, 2013
Gold Spot Price Open: $1,235 Gold Spot Price Close: $1,253 Change in Gold Spot Price: +$18 Silver Spot Price Open: $19.66 Silver Spot Price Close: $19.67 Change in Silver Spot Price:+$0.01 Gold made some modest gains on Monday as silver stayed stagnant on what some are calling a corrective bounce. On the day gold picked…
Posted on July 01, 2013
Gold prices are stronger today-a lot stronger. Spot gold prices are up well over $20 per ounce and look poised to press their gains. Was a bottom put in on Friday when the market swooped down to fresh three year lows? It is impossible to say. What is appearing more and more likely however, is…