Platinum | GoldAlert

Gold Prices Rise to New Two Week High

This was a great morning for gold as prices rose to a new two-week high. Gold is now trading at $1,485.90 an ounce.

May 3 2013 | Read More »

Metals Close at 5-Week Highs, XAU Jumps 2.0%

Precious metals added to their recent stretch of gains on Tuesday amid widespread strength in commodities and moderate weakness in the U.S. dollar. COMEX gold futures – per the February contract – rose by $6.20, or 0.4%, to $1,693.20 per ounce – their highest closing level since mid-December. Silver futures for March delivery at the [...]

Jan 22 2013 | Read More »

Metals Hold Gains, Fed’s Rosengren Chimes in on QE

Gold and silver futures maintained the large majority of their gains this afternoon as the recent rebound in precious metals continued on Tuesday. COMEX gold for February delivery settled higher by $14.50, or 0.9%, at $1,683.90 per ounce. Silver fared a bit better, as the COMEX March contract closed up by $0.42, or 1.4%, at [...]

Jan 15 2013 | Read More »

Precious Metals Surge, “The Financial System is Drowning in Debt”

Precious metals maintained the large majority of their gains in afternoon trading on Thursday, fueled by bargain-hunting in the sector and considerable weakness in the U.S. dollar. COMEX gold futures climbed $22.50, or 1.4%, to settled at $1,678.00 per ounce. The advance marked the yellow metal’s best day since November 23rd. Commenting on the strength [...]

Jan 10 2013 | Read More »

Precious Metals Hold Gains, XAU Pares Losses

Gold futures snapped their three-session losing streak on Tuesday amid strong gains in several precious metals. COMEX gold for February delivery settled higher by $15.90, or 1.0%, at $1,662.20 per ounce, just a fraction below its intra-day high. Silver futures for March delivery at the COMEX ended up by $0.38, or 1.3%, at $30.47 per [...]

Jan 8 2013 | Read More »

Precious Metals Remain Under Pressure, XAU Falls 2.5%

Precious metals remained firmly in negative territory on Thursday afternoon amid widespread weakness in the commodities complex. COMEX gold futures settled lower by $16.30, or 0.9%, at $1,713.80 per ounce. Silver futures at the COMEX fared a bit better, finishing down by only $0.21, or 0.6%, at $32.67 per ounce. Gold and silver shares underperformed [...]

Nov 15 2012 | Read More »

Precious Metals Pare Weekly Losses, XAU Rebounds

Gold and silver prices inched higher on Friday despite considerable U.S. dollar strength and weakness in cyclical commodities. COMEX gold futures, per the August contract, settled with a gain of $2.40, or 0.2%, at $1,582.80 per ounce. In doing so, the yellow metal cut its weekly loss to 0.6%. Analysts at Commerzbank wrote in a [...]

Jul 20 2012 | Read More »

Gold Stocks (GDX) Steady, Outlook for Platinum Improving

GOLD STOCKS NEWS – Gold stocks held firm amid a widespread equity sell-off on Friday as the Market Vectors Gold Miners ETF (GDX) inched higher by $0.11 to $41.70 per share. The stability in gold stocks and the GDX came as COMEX gold futures rose $2.60 to $1,583.00 per ounce in mid-day trading. Gold stocks [...]

Jul 20 2012 | Read More »

Precious Metals Firm, Post Weekly Gains

Gold and silver futures held onto the majority of their gains on Friday, fueled by weakness in the U.S. dollar and a broad-based rally in the commodities complex. COMEX gold futures for August delivery settled higher by $26.70, or 1.7%, at $1,592.00 per ounce. In doing so, the yellow metal snapped a three-session losing streak [...]

Jul 13 2012 | Read More »

Gold Stocks, GDX Advance, Platinum Climbs 1.4%

GOLD STOCKS NEWS – Gold stocks climbed alongside precious metals and the broader equity markets on Friday, as the Market Vectors Gold Miners ETF (GDX) rose $0.53, or 1.3%, to $42.25 per share. The rally in gold stocks and the GDX coincided with a sharp advance in COMEX gold futures, which surged $27.90 to $1,593.20 [...]