Tangible Investments

November 23


Weekly Gold Market News

Join Us For Black Friday and Small Business Saturday

Los Angeles CA, (Tangible Investments) - by James O'Dell - Gold and Silver prices retreated in early trading on Monday, as Gold dipped 0.55 percent to $1,072.10 an ounce, nearing six year lows, after easing $4.30 or 0.40 percent on Friday to finish the week at $1,078.00 an ounce, as the dollar hit 7-month highs on the prospect that the Fed will hike interest rates at its December Federal Open Market Committee (FOMC) policy meeting. Silver slipped 0.85 percent to $14.05 an ounce on Monday, after easing $0.10 or 0.70 percent on Friday, to end the week at $14.17 an ounce, while the Gold/Silver ratio edged up to 76.08.

The week began with reports of the tragic terrorist attacks that took place in Paris on the previous Friday, showing that geopolitical risk remains high around the world, and explains the continued safe haven demand for Gold. The terrorist attacks triggered a rush of Gold buying on Monday morning, and it shows that investors will instinctively turn to Gold in times of uncertainty. The Gold price rose briefly on Monday to $1,097.90 an ounce following the attacks, but failed to maintain those gains.

Many are now awaiting a 25 basis point rate hike in December, the first in nearly a decade, but there is little reason to believe that Gold will decline much further than where it is already. Many are even making the case that the last couple of months may have formed a double bottom in Gold which could provide a decent entry point for long term investors.

HSBC analysts said that “we expect low prices to revive coin and bar demand. This should extend to the emerging markets. Low prices should trigger greater demand, although this may take time to feed into prices.”

The dollar declined against a basket of major currencies following the release of the minutes from the October 27-28 FOMC policy meeting and analysts argue that it may take more than the proposed December rate hike to drive it higher. Minutes from the meeting showed most members thought that conditions for the bank's first rate hike in almost a decade could well be met by the time of the next meeting.

“The Gold market has factored in a December tightening of a quarter point,” said George Gero, of RBC Capital Markets Global Futures. “I think there is very little ambiguity now whether they’re pulling the trigger or not on Dec. 16." Policymakers are striving to alert the markets in advance that the tightening will likely be gradual, and that is a plus for Gold.

Meanwhile, look for our "Black Friday Super Sale" this week, and make plans to join us for "Small Business Saturday" on November 28, for a day of fun, raffles, and good deals in Laguna, sponsored by the Laguna Beach Chamber Of Commerce. There will also be a "Snap & Share" photo contest with a chance to win one of three major prizes, so don't miss it (see our Facebook page).

Preserve your wealth and secure your retirement by making a tangible investment in physical Gold and Silver in 2015. Call Toll Free1.800.741.5014 and allow the friendly staff at Tangible Investments owned and operated by world-renowned coin expert Silvano DiGenova, to assist you in your next purchase or sale. Click here to check out our ebay store.

You may also want to allow one our Gold IRA specialists to construct for you a precious metals IRA tailored to your specific needs. We also hope you will share our site with your friends on Twitter and Facebook. Tangible Investments remains the leading buyer of rare objects including: Gold and Silver coins, art, antiques, diamonds, sterling and flatware. We also loan against anything of value and offer more money at half the loan cost, come in or call 1.800.741.5014 now for a free quote.

Latest Spot Prices


Other News This Week

Investors And Collectors Buying Millions In Gold On EBay

Los Angeles CA, November 30 (Tangible Investments) - by James O Dell - The Gold price was up slightly in early trading on Monday, gaining 0.49 percent to $1,063.20 an ounce, after retreating $15.50 an... [Read More]

Gold Price Dips In Thin Black Friday Trading

Los Angeles CA, November 27 (Tangible Investments) - by James O Dell - Gold and Silver prices were down sharply in early trading on Friday, with the Gold price retreating 1.71 percent to $1,055.10 an... [Read More]

Physical Gold Market Underpinning Prices

Los Angeles CA, November 26 (Tangible Investments) - by James O Dell - Precious metals prices were up in early trading on Thursday, with Gold gaining 0.06 percent to $1,072.00 an ounce, as markets in... [Read More]

American Eagle Gold Coin Sales Hit Five Year High

Los Angeles CA, November 25 (Tangible Investments) - by James O Dell - Gold and Silver prices were modestly lower in early trading on Wednesday, with Gold easing 0.46 percent to $1,075.80 an ounce, after... [Read More]

Gold Price Rallies After Turkey Shoots Down Russian Jet

Los Angeles CA, November 24 (Tangible Investments) - by James O Dell - The Gold price rebounded sharply in early trading on Tuesday, climbing 1.34 percent to $1,079.00 an ounce, following the downing of a... [Read More]

About Tangible Investments

Led by renowned coin expert Silvano DiGenova, Tangible Investments is a leader in the Gold IRA, Bullion, Rare Coins, Jewelry, Fine Watches, Fine Art, and Antiques markets. With 30+ years in business and a collective 200+ years of industry experience, Tangible Investments is one of America's most successful rare coin traders and the top buyer in the country. Call Us Today at 1-888-655-9255 to see how we can help you diversify your portfolio and protect your retirement savings.

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