Gold on Track for Best Week in Seven

RPMEX: January 10, 2025

Gold prices are on course for their strongest week in seven, hitting a four-week high on Friday. This uptick is driven by growing safe-haven demand amid heightened uncertainty surrounding the policies of the incoming administration.

Recent economic data has revealed significant job growth in December, with nonfarm payrolls rising by 256,000, far exceeding expectations. This surge in jobs is a critical indicator for Federal Reserve policymakers, as they assess the need for future monetary policy adjustments. The minutes from the most recent Federal Reserve meeting raised concerns that the new administration’s policies could contribute to inflationary pressures, adding to the complexity of future policy decisions.

Despite the positive jobs report, the ADP Employment Report showed that private sector job additions were weaker than expected in December, with only 122,000 new positions, below the forecasted 136,000. Meanwhile, weekly jobless claims dropped to an 11-month low, signaling continued strength in the labor market.

Gold futures for February gained 0.7% on Thursday, closing at $2,690.80 an ounce, and have increased by 1.4% for the week. After a strong 2024, with a 27% rise—the largest annual gain since 2010—gold remains a sought-after asset. The current February contract is trading at $2,722.30 an ounce, while the spot price sits at $2,695.20. Gold’s performance in 2024 was fueled by monetary policies, economic conditions, and central bank activity globally.

The Federal Reserve has reduced its benchmark interest rates three times since September, most recently bringing them to a range of 4.25% to 4.50%. Higher interest rates typically place downward pressure on gold, as they increase the appeal of other interest-bearing investments. Currently, market expectations suggest that the Fed will maintain rates at the end of this month, with the majority of investors anticipating no changes.

Silver futures also showed strength, rising 1.1% on Thursday to $31.02 an ounce. The March contract has gained 3.2% in the first part of the week. Despite a decline in December, silver ended 2024 up 21%. The March contract is now priced at $31.35 an ounce, and the spot price is $30.52.

Palladium and platinum prices saw modest gains on Thursday. Palladium rose by 0.1% to $942.50 an ounce, while platinum increased by 0.4% to $967.10. These metals have faced challenges in recent months, with palladium down 17% in 2024 and platinum sliding by 8.4%.


Disclaimer: This editorial content is provided for informational purposes only and should not be construed as investment advice or a recommendation to engage in any specific financial transactions. The views expressed herein may not reflect the position of of RPMEX and or it’s affiliates. Always consult with a financial advisor before making any investment decisions, as market conditions can change unpredictably.


Chinese Myths and Legends – Australia 1 oz. Dragon, in Platinum

2022 AUSTRALIA PLATINUM DRAGONS – 1 OZ.MINTAGE OF ONLY 150!NGC REVERSE PROOF 70NGC POPULATION OF 28!

Our special today features a modern rarity, the 2022 Australia Platinum Dragon in reverse Proof 70, and graded by NGC.

The dragon is an ancient symbol of Imperial power in China and was utilized by the emperors for centuries.  Symbolizing their divine right to rule, the dragon is a powerful image, and was used to intimidate their many opponents, throughout many dynasties.

Rarely seen at auction or on the secondary market, we are fortunate to be able to offer these in lots of five, at a special price of $1,550 each ($7,750 for the lot of five).

With a total of only 20 coins available here, and given the ever expanding market for platinum coins, we expect lively interest on these, so contact us today, don’t delay!

New Preamble to the Declaration of Independence platinum Proof coin available today at noon

JANUARY 31, 2019

Washington — The United States Mint will release the second coin in its Preamble to the Declaration of Independence Platinum Proof Coin Series today at noon EST. Launched in 2018, this three-year platinum Proof coin series features all new obverse (heads) designs created concurrently by one designer and a new common reverse (tails) design. The price of the coin on the Mint’s website is currently $1,220.

Hover to zoom.

The obverse (heads) of the 2019 “Liberty” version of the Preamble to the Declaration of Independence platinum Proof coin (product code 19EJ) portrays Lady Liberty keeping watch over prairies, lakes, and mountains as pioneers head westward. The wild terrain in the background evokes the quintessential American spirit to explore new territory and the freedom to pursue new landscapes, ideas, and ways of life. In the foreground, Lady Liberty’s lips are parted, symbolizing freedom of speech. Her torch is an emblem of the guiding light that liberty provides, while the open book represents the rule of law and its equal application. Inscriptions are E PLURIBUS UNUM, LIBERTY, IN GOD WE TRUST, and 2019.

Mint Artistic Infusion Program (AIP) designer Justin Kunz created all obverse designs in this series. Mint Sculptor-Engraver Joseph Menna sculpted the 2019 design.

The reverse (tails) design of all coins in this series depicts an eagle in flight with an olive branch in its talons. Inscriptions are UNITED STATES OF AMERICA, $100, 1 OZ., and .9995 PLATINUM. AIP designer Patricia Lucas-Morris created the design, which former Mint Sculptor-Engraver Don Everhart sculpted.

The 2019 Preamble to the Declaration of Independence platinum Proof coin carries the West Point mint mark. This exquisite coin is packaged in a black velvet, satin-lined presentation case that is enclosed in an outer box and sleeve. The Mint’s certificate of authenticity is included.

Pricing is based on the range in which this coin appears on the Mint’s Pricing of Numismatic Gold, Commemorative Gold, and Platinum Products table. Current pricing information is available here.

Mintage for the 2019 coin is capped at 15,000 units. The Mint has limited orders to one coin per household for the first 24 hours of sales, after which the Mint will lift the limit. This product will not be available via the bulk purchase program on the launch date.

If customers want to collect all three, the 2018 platinum Proof coins are still available while supplies last. Customers should look for the final coin in this series in 2020.

If you would like to would like to purchase…

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