Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
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Over 30 Years Experience
Park Avenue has over 30 years
experience buying and selling
Rare Coin and Precious Metals.
We have the knowledge and
ability to provide our customers
with the best products and services.
Gold Bounces Following Thursday's Sell-off
Gold last traded at $1,811 an ounce. Silver at $26.92 an ounce.
NEWS SUMMARY:Precious metal prices rose Friday on bargain-hunting and a weaker dollar. U.S. stocks traded flat as investors hoped a disappointing jobs report would increase the likelihood of further stimulus.
FX Empire--"Gold prices rose 0.5% higher Friday morning, as it is bouncing back above $1,800 price level. Silver prices rose 0.8% today after losing 2.44% on Thursday.
The precious metals are starting to attract a lot of attention - on a scale not seen since the global financial crisis in 2008. This ultimately should keep driving prices higher in the long term, especially considering that the fundamental backdrop for the entire commodities complex remains extremely bullish.
On Tuesday, Democrats in U.S. Congress took the first steps toward advancing a massive $1.9 trillion economic stimulus package without Republican support. Traders are convinced that a deal is coming – the only question now is when."
