Gold

Focusing on gold investments

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    What is National Coin Week?

    ByVictoria
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    The history of National Coin Week began in 1923, when American Numismatic Association Governor Julius Guttag suggested to the association’s President, Moritz Wormser, that a week-long event should be established “to attract the general public to our hobby and consequently increase our membership, and aid in our science.” That December, the first announcement of a “Coin Week” was made in The Numismatist and scheduled for the week of February 9-16, 1924.

    In 2026, America will celebrate 250 years of independence. This milestone invites us to reflect on the many ways money and freedom are connected.

    Source – American Numismatic Association

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    Washington State No Longer Tax Free for Gold & Silver

    ByVictoria
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    January 1, 2026, a significant regulatory shift took hold in Washington State, fundamentally altering the landscape for physical metal investors. The implementation of Engrossed Senate Substitute Bill (ESSB) 5794 officially repealed the state’s long-standing sales tax exemption on precious metal bullion and monetized coins. For the first time since 1985, residents in the Evergreen State must now pay a statewide 6.5% sales tax—plus local surtaxes that can push the total levy as high as 10.6%—on every ounce of gold or silver they acquire.

    The most immediate losers of this policy shift are the brick-and-mortar dealers within Washington State. Historically, these businesses drew customers from across the Pacific Northwest, but they now face a stark competitive disadvantage against neighboring Oregon, which has no sales tax, and Idaho, which maintains its bullion exemption.

    Source – Financial Content

    Devastating to learn that Washington’s 40 years of no tax on gold and silver has taken effect this year. We are in March now since this has started but what a shame for this to have happened. I hope all businesses stay strong and speak to those who can help change this tax law back to the way it was. Good luck!

    -V.

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    Gold boosts South African rand

    ByVictoria
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    South Africa’s commodity-backed currency edged up on Monday, helped by higher gold prices, as investors digested last week’s unexpectedly weak U.S. jobs data and awaited tariff updates ahead of the United States’ August 8 deadline.

    The bourse was boosted by South African miners, including Gold Fields , up 8%, AngloGold Ashanti (AU.N), at 6%, and Harmony Gold , which rose 7%.

    “Our foremost priority is protecting our export industries. We will continue to engage the U.S. in an attempt to preserve market access for our products,” President Cyril Ramaphosa said in a newsletter on Monday

    Source – Reuters

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    Gold lost .2%, Silver up, Platinum fell

    ByVictoria
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    Gold eased on Monday due to slightly firmer U.S. Treasury yields and profit-taking following last week’s sharp rally driven by weak U.S. jobs data.

    Spot gold lost 0.2% to $3,356.91 per ounce, as of 1051 GMT, after rising more than 2% on Friday.

    “The market will remain range bound with today’s pullback being in line with some the reversals seen across markets following Friday’s big moves, especially yields which are a tad firmer and stocks which have seen a rebound,” Saxo Bank’s head of commodity strategy, Ole Hansen, said.

    Spot silver rose 0.3% to $37.14 per ounce, platinum fell 0.3% to $1,311.38 and palladium was down 0.8% at $1,199.08.

    Source – Reuters

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    Gold and gold futures up, Silver down 0.7%

    ByVictoria
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    Gold prices rose on Friday as investors turned to the safe-haven asset after United States President Donald Trump imposed fresh tariffs on a broad range of countries, while the market’s focus shifted to the U.S. non-farm payrolls report.

    Spot gold was up 0.3% at $3,299.54 per ounce, as of 1119 GMT. However, bullion is down 1.4% so far this week.

    U.S. gold futures rose 0.1% to $3,351.40.

    “The incoming US jobs report may also trigger another big move for gold. Another demonstration of resilience by the U.S. jobs market could send gold southbound towards $3,200,” Han Tan, chief market analyst at Nemo.Money.

    Spot silver fell 0.7% to $36.49 per ounce, platinum lost 1.6% at $1,269.27 and palladium was down 1.7% at $1,170.35.

    Source – Reuters

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    Weaker dollar helping gold today

    ByVictoria
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    Gold price rose more than 1% on Thursday, moving away from the one-month low it touched in the previous session, as a pullback in the dollar and fresh U.S. tariff announcements lifted demand for the safe-haven asset.

    Spot gold was up 0.9% at $3,305.15 per ounce, as of 1140 GMT. The bullion had hit its lowest level since June 30 at $3,267.79 on Wednesday

    “We had some large downward moves yesterday in gold around the FOMC statement release and the tariff announcement. So a moderately weaker U.S. dollar is helping gold today,” said UBS commodity analyst Giovanni Staunovo.

    Spot silver was down 1.6% at $36.53 per ounce, platinum fell 0.6% to $1,318.20 and palladium gained 0.9% to $1,215.94.

    Source – Reuters

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    African banks are getting into gold

    ByVictoria
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    Sub-Saharan African central banks that have added gold to their reserves in recent years could face price and liquidity crises if the value of the precious metal slides, BMI, a unit of Fitch Group, said on Wednesday.

    Ghana, Tanzania and Nigeria have been buying gold domestically to beef up their reserves, BMI said, a move accelerated by this year’s broader market volatility stoked by U.S. trade tariffs and other geopolitical risks.

    Policymakers in Kenya and Uganda are exploring a move into gold, Rwanda and Namibia have taken active steps towards adding the metal into their reserves.

    Governments could also struggle to convert their gold holdings into liquid assets like hard currencies, Gard said, pointing to India and Argentina when they faced acute balance of payments challenges in the 1990s and 2000s, respectively.

    Source – Reuters

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    Glencore’s Steelmaking Company production fell

    ByVictoria
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    Glencore’s steelmaking coal production in the first half soared following the integration of Elk Valley Resources, but copper and gold output fell.

    Elk’s contribution pushed first-half production expressed in copper equivalents up 5%. This is despite copper production falling 26% to 343,900 tons and gold output dropping 18% to 301,000 ounces.

    The FTSE 100-listed company said it was confident that it can deliver its full-year production guidance but tightened the ranges of some of its commodities to reflect its performance to date.

    Source – The Wall Street Journal

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    Spot gold and futures down, Silver down

    ByVictoria
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    Gold fell to a near three-week low on Monday as a U.S.-European Union trade accord lifted the dollar and risk sentiment, while investors awaited fresh cues on rate policy from this week’s Federal Reserve meeting.

    Spot gold fell 0.6% to $3,316.03 per ounce as of 11:36 a.m. ET (1536 GMT), after touching its lowest level since July 9, earlier in the session. U.S. gold futures were down 0.7% at $3,313.2 per ounce.

    “I think the more trade announcements we get, the more the dollar increases. These tariff deals are dollar friendly, lowering the allure of gold and driving the sell-off amid a risk-on sentiment,” said Marex analyst Edward Meir.

    Spot silver was down 0.1% at $38.12 per ounce and platinum fell 0.6% to $1,393.25, while palladium gained 2.1% to $1,245.52.

    Source – Reuters

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    Gold priced at Rs 9,395

    ByVictoria
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    Gold prices in Lucknow continue to reflect the national upward trend, with 22-karat gold priced at Rs 9,395 per gram and 24-karat (999) gold at Rs 10,248 per gram as of Wednesday. These rates are slightly higher than those in several other major cities, including Chennai, Mumbai, Bengaluru, Hyderabad, and Kolkata, where 22K gold is priced at Rs 9,380 and 24K gold at Rs 10,233 per gram.

    Source – ABP-Live

    Rs – means Relative Strength and is used in momentum investing and in identifying value stocks.