NGC, PCGS Gold Coins Wait for Gold’s Next Stop
Posted by Brian Ford on February 13, 2014
Gold investors shuttered indoors thanks to the latest snow and ice storm were delighted to see the gold spot price $12.30 higher as of 10:30am Thursday but the national average retail prices of certified gold coins were largely unchanged according to the price lists found at PCGS.com and NGCcoin.com. So far 2014 has seen the gold spot price in a state of flux, much more so than in 2013 and many analysts believe this could be a reason for the delayed price updates.
Nevertheless, gold dealers around the nation reported that investment-grade gold coins like Double Eagles and common-grade Indian Head coins were selling for $15-$25 more per ounce today than yesterday. Trading is expected to be light today due to the storms in the Southeast as well as the plethora of new data that is expected to be released by the U.S. government tomorrow and next week.
The latest jobs report showed that unemployment is still a nagging problem for the current administration, as 339,000 people filed first-time unemployment benefits claims last week. That figure is 8,000 higher than the previous week, leading some economists to predict that the holiday season and New Year jobs that were created in December and January might have been temporary positions.
Next week a new jobs report is expected, as well as non-farm payroll information and new Federal Reserve Chairwoman Janet Yellen’s testimony before a Senate panel. All of these factors could help or hurt both the gold spot price and certified gold coin prices, so be sure to bookmark the Certified Gold Exchange Market Update page now for easy viewing next Monday.