The U.S. dollar on Tuesday lost steam, and helped gold recover from its biggest previous day session decline since March. That, despite another day of falling oil prices. New York silver and gold futures gained 2.5 percent and 0.8 percent, respectively, while platinum declined 0.3 percent.
January crude-oil lost another $2.32, or 4.7 percent, following Monday’s $5.15 drop to close to $46.96 a barrel. Oil is now at its lowest level in more than three years. The average price for unleaded gasoline declined nearly one cent to $1.812 a gallon, according to AAA.
March silver gained 23 cents to close to $9.615 an ounce.
January platinum fell $2.60 to settle at $807.30 an ounce.
Gold for February rose $6.50 to close to $783.30 an ounce.
Tip: CoinNews.net
New York precious metals retreated Tuesday as stocks rallied and the U.S. dollar surged amid hopes the passage of a financial rescue plan is still possible from Capital Hill. Nymex silver, gold and platinum futures lost, 5.8 percent, 1.5 percent, and 5.6 percent, respectively.
November crude-oil recovered from Monday’s more than $10 loss to settle to $100.64 per barrel, gaining $4.27, or 4.4 percent. Its lowest point for the day was $97.80.
December silver staggered down 75 cents to close to $12.28 an ounce.
October platinum plunged $59.90 to end at $1,015.10 an ounce.
December gold lost $13.60 to settle at $880.80 an ounce.
As always, track bullion prices at Kitco.com.
Source: CoinNews.net
The United States Mint will begin accepting orders for the 2008 American Eagle Platinum Proof Coins at 12:00 noon (ET) on May 5, 2008. This year’s coins feature the final design in the three-year series entitled, “The Foundations of American Democracy,” celebrating our Nation’s Judicial Branch of government.Emblazoned on the reverse of the 2008 American Eagle Platinum Proof Coins is an allegorical image of Lady Justice, a classic symbol dating back to the Greeks and Romans. Scales, suspended from a finger of her right hand, represent the delicate balance of the law. A sword in her left hand symbolizes the power of reason, which can be wielded in either direction. The bald eagle-our Nation’s symbol of courage and freedom-watches over our firm foundation of democracy.
Source: CoinLink.com
The Proof One Ounce coin will cost US$2,299.95, and the Proof Four-Coin Set will sell for US$4,119.95. Volatility in the spot price of platinum over the past year has forced the Mint to raise its prices for the Proof 2008-W American Eagle .9995 fine platinum coins, ranging 17.4 to 45 percent higher than 2007 prices.
