Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
Secure Private Ordering
We use the latest online security processing,
so your order is safe & private.
We DO NOT disclose any customer
information to ANY third party company.
Our customer privacy is our priority.
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 rises as inflation hedge
Gold rises as inflation hedge, regaining its hedge status after the $1.9 trillion U.S. stimulus measure became law last week.
Advances in futures were capped by a bounce in U.S. Treasury yields, which have pressured gold in recent weeks along with strength in the dollar. Investors traditionally turn to gold and Treasuries when they’re concerned about inflation, though much of that trade has gone into the other assets this year.
U.S. President Joe Biden signed the stimulus bill Thursday. Friday, the Labor Department reported that the producer price index rose 0.5% in February, adding to a 1.3% jump in wholesale inflation in January, the biggest gain since 2009.
