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Gold Recovers a Bit After Friday Pounding
August 19, 2008

Gold Bounce a Back A Bit

After enduring a harsh pounding to finish off a tough week, gold is seeing a bit of a rebound this morning with spot sprices rising from $786.50 to about $791.50 as of this posting. Silver also recouped a bit of it's last weeks loss moving from a Friday fix below $13 to about $13.15 as of this posting.

Platinum and Palladium however, are still on the decline this morning. Palladium slipped from Friday's close of $295.50 to arround $280 as of this posting, with Platinum retreating from $1400 at Friday's London pm fix to the neighborhood of $1390 this morning.

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About the Author
Tom Michael has been Krause Publications primary market analyst on more than 80 world and United States coin catalogs produced over the last 20 years. He came to KP in 1987 with a bachelor of arts degree in history, a master of arts degree in economics and a history of coin collecting stretching back to the 1960s. He began collecting world coins as a child by asking friends and relatives to bring coins back from overseas trips, visiting flea markets and having his mother watch for foreign coins in her register at the local grocery store. Today he works with a dedicated base of over 200 contributors to provide accurate market values for the five-volume Standard Catalog of World Coins series, as well as many specialty catalogs, including Coins & Currency of the Middle East and the fifth edition of Unusual World Coins.

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