American Proof Gold Eagles Suspended Due To High Demand
June 24 -The United States Mint has announced that the production of American Proof Gold Eagles and Uncirculated Coins has been suspended temporarily due to the unprecedented demand for American Eagle Gold Bullion Coins. As of Monday the Mint has announced that all available 22-karat gold blanks have been allocated to the American Eagle Gold Bullion Coin Program as is required by Public Law to ensure that the coins are produced “in quantities sufficient to meet public demand . . . .”
The U.S. Mint will return to producing American Eagle Gold Proof and Uncirculated Coins once sufficient supplies of gold bullion blanks are acquired to meet collector and investor demand for all three American Eagle Gold Coin products. Also, due to the results of the United States Mint's recent numismatic product portfolio analysis, production will cease on fractional sizes of American Eagle Gold Uncirculated Coins.
Gold Investment On Upswing
GOLD INVESTMENT NEWS:
Gold prices ended higher on Monday as U.S. dollar weakness created broad gains in the commodities market, although platinum prices finished lower after reaching 11-month lows during Asian trading.
Traders said gold was forming new bases, resulting in higher gains.
Gold priced at $810.70/811.90 (U.S.) on New York's final trade at 2:15 p.m. EDT, up from $799.65/801.05 at the U.S. market closed Monday. Precious metals started the session lower, slumping to a session low of $782.05.
The dollar was weak across the market as U.S. stocks fell while investors took profits on the dollar's recent gains. The greenback's slump triggered broad-based rallies in commodities and crude.
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