Market News

Platinum is thirty times rarer than gold. This scarcity defines the platinum coin market, where annual production measures in thousands rather than millions of pieces. Government mints began striking platinum bullion in the late 1980s, responding to investor demand for this industrial and precious metal. Today’s platinum coin market centers on a handful of government-issued…

Gold and silver surged higher following news that consumer inflation eased in June. The drop in consumer inflation splashed cold water on ideas of a Federal Reserve interest rate hike in July, which is a positive factor for precious metals. Steady to lower interest rates tend to be supportive to precious metals, which don’t pay…

When Gold Changed Everything In January 1848, a carpenter named James Marshall was inspecting a sawmill under construction along the American River near Coloma, California, when he noticed something glimmering in the water. At first, it appeared to be nothing more than a few small flakes of metal. But as word spread and the discovery…

As we move into the second half of the year, you may be heading out on vacation, spending hot summer weekends at the pool, or grilling in your backyard. In the midst of the hot summer haze, gold is consolidating quietly around the $4,000 level after a several-month-long consolidation phase. If you follow precious metals,…

Gold and silver popped higher following news that the U.S. economy added far fewer new jobs than expected in June. The disappointing news revealed that only 57,000 new jobs were created last month, versus the 113,000 economists had expected to see at the mid-point of the year. Job growth in April and May was also…