Comex gold futures were up $2.50, or 0.2%, at $1,210.70 a troy ounce by 9:25AM ET (1325GMT). Meanwhile, spot gold was trading at $1,205.87 per ounce, up $1.80, or 0.2%, after rising 0.5% in the previous session. The dollar sank to a more than three-month low against its major rivals in part as safe-haven demand […]

Industrial silver demand rose, US silver jewelry sales were solid, and mine supply fell in 2017. The Silver Institute highlighted silver supply and demand trends from its World Silver Survey 2018 along with some new technological innovations utilizing the white metal in its latest edition of Silver News. Industrial demand for silver rose in 2017 […]

A drop in silver prices to 32-month lows has caused a sellout of Silver Eagle coins at U.S. Mint A key development over recent sessions has been the move on the gold/silver ratio to record levels. Normally it would be a case where above 80 is considered stretched on a long-term basis. The ratio is […]

Gold futures inched higher Monday as investors questioned the dollar rally’s near-term durability, its weakness a boost for global demand for the precious metal priced in the U.S. unit. December gold (GCZ8) rose $1.90, or just below 0.2%, to $1,202.90 an ounce. Gold logged a narrow win for last week after prices had suffered weekly […]

A drop in silver prices this year has attracted investors seeking a bargain, prompting a temporary sellout of the 2018 American Silver Eagle bullion coins at the U.S. Mint this month. “The sellout of Silver Eagles implies that demand for physical [silver] has recently been increasing,” says Chris Gaffney, president of World Markets at TIAA […]

Gold prices climbed Wednesday to settle at their highest in two weeks as a report that the U.S. was reaching out to China to hold a new round of trade talks put pressure on the U.S. dollar. December gold (GCZ8) climbed $8.70, or 0.7%, to settle at $1,210.90 an ounce. That was the highest finish […]

The world’s central banks are on a gold buying spree that has lasted more than a decade. That’s the longest period of consistent gold acquisition by the so-called official sector in more than half a century. But this time the motivations of the buyers are different than they were back in the 1950s, and they […]