As a refinery with almost 40 years of experience, we have a range of high accuracy assays at our disposal to determine the exact purity levels of gold, silver, platinum, palladium, or rhodium in anything a client may bring to our storefront. However, if you want to check the authenticity of some estate jewelry or flatware sets you have at home, you can get away with not using the types of high-tech assay equipment we’d usually recommend. When it comes to silver, there are several quick and easy ways to separate lookalikes from genuine articles.
Check for a Hallmark
Look for...
Gold ticks down Friday morning on the release of a key U.S. jobs report for September, which may provide signals on the timing and size of the Federal Reserve’s planned upcoming interest rate cuts.
The yellow metal dipped this morning as investors digested the Labor Department’s September jobs data. Spot gold fell 0.8% to $2,634.50 per ounce, after scaling a record high of $2,685.42 last week. U.S. gold futures were about 0.6% lower at $2,661.80. The U.S. economy added 254,000 more jobs to nonfarm payrolls, beating the expected 150,000 jobs, pointing to a strong labor market. The unemployment rate fell to 4.1%, down 0.1 percentage point. Average hourly earnings increased 0.4% on the month...
Despite rallying 29% year-to-date and 47% since 2022, gold continues to reach new all-time highs, hitting $2,685 per troy ounce on Thursday.
Goldman Sachs' Precious...