This article was originally printed in the latest issue of Numismatic News.
>> Subscribe today!
Though buyers of gold American Eagles figure gold will continue to set new records, during the past week the precious yellow metal simply skittered along just below the $1,250 record set in the middle of May.
As Numismatic News was going to press the price of an ounce of gold closed at $1,220.60 June 2, just $7.30 above where it had been the week before.
Silver during the week actually showed a weekly gain of just 1.2 cents when it finished trading.
Reported new gold demand from the central bank of Iran had no immediate impact on gold. Iran indicated it was dumping the sagging euro to move about $45 billion of reserves into U.S. dollars and gold.
The euro continued weak but did not trade very far from the $1.22-$1.23 value of the prior week.
Gold Rush
Panning for gold these days may be fun, but probably isn’t the best way to rack up the profits.
More Coin Collecting Resources:
• State Quarters Deluxe Folder By Warmans
• Subscribe to our Coin Price Guide, buy Coin Books & Coin Folders and join the NumisMaster VIP Program
• Strike It Rich with Pocket Change, 2nd Edition
