Gold fell $0.60 or 0.05% yesterday to $1,284.40/oz. Silver fell $0.02 or 0.1% yesterday to $19.43/oz. The Mint Refers To The New Coin As "1 KG Of Nobility" Spot gold bullion prices ticked lower today and gold is again testing support at $1,280/oz. A close below $1,280/oz will be short term bearish.
By Dana Blankenhorn: Everyone knows that, over time, the Internet is grabbing market share from brick-and-mortar retailers. Home shopping (or let's face it, office shopping) is becoming the 21st century's reality.
Residents line up in banks waiting to purchase the commemorative coins of the year of the Snake in Shaoxing, Zhejiang. The Central Bank issued 80 million coins with a face value of 1 yuan. Each resident is only allowed to purchase two.
Peru's leftist president-elect Ollanta Humala had a surprise meeting with President Barack Obama -- a welcome bit of US outreach ahead of his inauguration later this month.Humala earlier aligned himself with Venezuelan President Hugo Chavez, a fierce and vocal critic of the United States.But the Peruvian on the campaign trail and at least for now has tempered his rhetoric, amid fears in Peru he could undo his country's solid economic growth after his July 28 inauguration.