Author Archives: Everett Millman

Gold Opens Lower on Thursday as ECB Stands Pat

March 8th, 2018 by

charting gold price

Thursday morning’s meeting of Europe’s central bank left global markets a bit ambivalent.

In response, the gold price was down slightly (-0.35%) to $1,320/oz after slipping in the early morning hours. The precious metal is virtually unchanged over the past month.

Spot silver dipped just below unchanged (-5¢) at $16.40/oz. Platinum moved sideways to $950/oz.

Meanwhile, palladium pared gains to $975/oz (+0.8%).

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Rare Third-Century Silver Coin Found In U.K.

March 4th, 2018 by

In Great Britain, it is an altogether regular occurrence that an enterprising metal detectorist strikes it big by finding some rare artifact.

Last November, a man named Richard Patterson, a member of the Hampshire Detector Club, found an exceptionally rare silver coin that tells an incredible story in the history of Roman Britain.

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balance of gold and dollar

Precious Metals Slide With Commodities On Stronger Dollar

February 27th, 2018 by

balance of gold and dollar

A rising U.S. dollar dinged commodity prices on Tuesday morning.

Focus remained on Capitol Hill, where the new Fed chair gave his first of two days of testimony before Congress.

The gold price slid roughly 0.6% (-$8) to trade at $1,324.50 an ounce. Spot silver lost 18¢ (-1.0%) to below $16.50/oz.

Platinum was also down 1% to $988/oz. Spot palladium was initially flat but slipped to $1,042/oz.

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