Gold futures dropped Friday, to post a loss of nearly 4% for the week, as an unexpected monthly rise in U.S. jobs and a drop in the nation’s unemployment rate rallied the stock market, pushing prices for the haven metal to their lowest finish in two months. “When all of the major economic data and […]

Gold futures settled at their highest in a week on Wednesday, as nagging concerns about the global economy helped support a rise in the precious metal, a day after prices settled at their lowest in nearly two weeks. Gold was back in fashion Wednesday as early “dollar weakness and lingering concerns over the global economy […]

The amount of gold stored in vaults in New York registered by CME Group’s Comex exchange has risen by nearly 2 million ounces, CME data showed, proving ample to settle monthly contract obligations and easing concerns of shortages that sent prices skyrocketing. Traders worried it would be impossible to fly gold from London to deliver […]

LONDON (Reuters) – The amount of gold stored in vaults in New York registered by CME Group’s Comex exchange has risen by nearly 2 million ounces, CME data showed, proving ample to settle monthly contract obligations and easing concerns of shortages that sent prices skyrocketing. Traders worried it would be impossible to fly gold from […]

If you think gold has jumped about 10% in a couple of days to $1,638 an ounce, the official price quoted on Wall Street, think again. The real price? Nearer $1,800. If you can get it. Kitco, the Canadian gold dealing giant, reported Wednesday that it was sold out of almost all gold coins, American […]

To our valued customers. Quad City Coin opened for business In 1978. From day one our business model has been to offer our customers impeccable service, quality products and competitive pricing. Since day one, we have seen the full range of markets in coins and precious metals. We are obviously witnessing a huge downturn in […]

Gold futures fell Monday to settle at their lowest since December, and silver futures finished at their worst level in over a decade, as the Federal Reserve’s emergency decision to slash interest rates failed to stem losses in the stock market, sending traders scrambling for cash. Prices for the precious metals, however, managed to significantly […]

I’ve been suggesting for several months that the opportunity was to buy gold at $1535.00. I hope some of you took that advice as gold is now near seven year highs. On Thursday, the People’s Bank of China said its one-year loan prime rate (LPR) was lowered by 10 basis points to 4.05% from 4.15% […]

Gold rose 4.8 per cent in January to hit a seven-year high on Friday, as investors sought out the safe-haven asset amid the coronavirus outbreak, a trend that will support its price this year, analysts said. Even after a retreat this week, it was up 4 per cent year to date on Wednesday. Internationally, gold […]

Gold futures for delivery on the COMEX exchange were up 0.7%, at $1,582.35 a troy ounce, down only slightly from an earlier high of $1,588.10 an ounce. Spot gold was up 0.8% at $1,583.36. Interest has clearly jumped over the weekend as the corona virus situation has worsened somewhat. The yellow metal really struggled to […]