Daily Bullion Market Update 8/22/11

By Barry Stuppler – MintStateGold.com

GOLD

Trading at $1,887.80 at 11am PDT, Gold is up $40 on the day in very active trading. Gold climbed to a record high above $1,895 an ounce in New York and London, as concern about slowing economic growth and debt crises spurred demand for bullion as a protection of wealth.

SILVER

Silver reached $44.09 in early trading then settled back to $43.59 per ounce, up $1.51 at 11am PDT. Asian overnight demand was healthy on excellent volume.

PLATINUM is trading over $1,900 today, which is a three-year high.

For additional information plus a report of the ANA World’s Fair of Money, please read today’s Weekly Market Report at www.mintstategold.com/investor-education/cat/markets/Weekly Market Report

Posted in: Bullion & Metals

About the Author:

Barry Stuppler & Co. offers a great selection of gold and silver, rare and investment quality coins to our valued clients. As the current elected president of the 30,000 member American Numismatic Association (ANA) and the president of the California Coin and Bullion Merchants Association (CCBMA), Barry Stuppler brings expertise and integrity to the numismatic trade.

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