Tangible Investments

September 19

2016

Weekly Gold Market News

September Rate Hike Remains On Table

Los Angeles CA, (Tangible Investments) - by James O'Dell - Gold and Silver prices were higher in early trading with Gold up 0.38 percent to $1,316.00 an ounce after easing $3.40 or 0.26 percent on Friday to finish the week at $1,311.00 an ounce.

The price of Silver is up 1.75 percent to $19.14 an ounce, after easing $0.18 or 0.95 percent on Friday to end the week at $18.81 an ounce while the Gold/Silver ratio rose to 69.70. Platinum is up 1.06 percent to $1,029.10 an ounce and Palladium is up 0.81 percent to $678.50.

The week began with Gold steady after hawkish comments by Fed policymakers are keeping a September rate hike on the table despite a raft of disappointing economic data, including a huge non-farm payrolls miss. Fed Bank of Boston President Eric Rosengren continued to make the case for the U.S. central bank to hike rates at its Sept. 20-21 policy meeting instead of waiting until December or later.

WSJ FedWatcher Jon Hilsenrath says "I still think the Fed will hold steady next week." Hilsenrath says that the mixed messages coming from FOMC members and regional Fed Presidents suggests a divided Fed.

The European Commission (EC) reported on Wednesday that it had established a task force to manage negotiations with the U.K. as it exits from the European Union (EU). “Up to now there are no consequences from Brexit economically, but if it lasts too long I’m afraid that investors will start being too careful and start to wonder,” said European Economic Affairs Commissioner Pierre Moscovici.

“It’s important that the Article 50, which will start the negotiations, is raised by the British government as soon as possible.” The dollar inched higher on Thursday, up 0.2 percent against a basket of major currencies following the release of a raft of mixed economic data.

Meanwhile, for the coin collectors and hobbyists among you, a privately minted $1 Gold coin, the octagonal 1854 $1 Gold piece has been identified as a new variety of California fractional Gold, thanks to the combined efforts of the Numismatic Guaranty Corporation (NGC) and Stack’s Bowers Galleries.

Due to the lack of small change during the Gold Rush, private mints struck fractional Gold coins in California. Private mints began issuing the coins beginning in 1852 in 25-cent, 50-cent and $1 denominations. This new find is graded AU-55 by NGC with a label bearing its BG-529a attribution. Every four to five years numismatists find another new variety of California fractional Gold.

Preserve your wealth and secure your retirement by making a tangible investment in physical Gold and Silver in 2016. Call Toll Free 1.888.655.9255 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 of our Gold IRA specialists to construct for you a precious metals IRA tailored to your specific needs. We 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 1.888.655.9255 now for a free quote.

Latest Spot Prices

METALBIDASKCHG$CHG%
Gold1341.101341.80$3.400.25%
Silver19.6319.67$0.070.35%
Platinum1048.801051.80$7.200.68%
Palladium696.00699.00$7.501.06%

Other News This Week

Las Vegas Coin Show Starts Today Register Free

Los Angeles CA, September 23 (Tangible Investments) - by James O Dell - Gold and Silver prices were slightly lower in early trading on Friday with Gold down 0.43 percent to $1,338.70 an ounce after... [Read More]

Fed Decision Sparks Rally In Gold

Los Angeles CA, September 22 (Tangible Investments) - by James O Dell - Gold and Silver prices were mixed in early trading on Thursday with Gold down 0.31 percent to $1,324.80 an ounce after rallying... [Read More]

BoJ Adopts New Policy Gold Climbs

Los Angeles CA, September 21 (Tangible Investments) - by James O Dell - Precious metals prices were higher in early trading on Wednesday with Gold up 0.74 percent to $1,324.80 an ounce after advancing $1.70... [Read More]

Investors Cautious Of Surprise Rate Hike

Los Angeles CA, September 20 (Tangible Investments) - by James O Dell - Gold and Silver prices were higher in early trading on Tuesday with Gold up 0.11 percent to $1,314.90 an ounce after gaining... [Read More]

Gold Investors Buying The Dips

Los Angeles CA, September 19 (Tangible Investments) - by James O Dell - Gold and Silver prices were higher in early trading on Monday with Gold up 0.38 percent to $1,316.00 an ounce after easing... [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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