Gold Dips 0.6%, Silver Falls 2.1%. US Coins Unchanged

by CoinNews.net on July 10, 2012 · 0 comments

Bullion UpdateGold gave back nearly all of its prior session gains Tuesday as the U.S. dollar rebounded, curbing the appeal of precious metals.

Gold prices for August delivery declined $9.30, or 0.6%, to $1,579.80 an ounce on the Comex in New York. Gold moved between intraday levels of $1,573.00 and $1,602.00.

"Gold was weighed down by liquidation across different sectors as metals, energy and equities are all significantly lower," Reuters quoted Phillip Streible, senior commodities broker at futures brokerage R.J. O’Brien.

U.S. stocks closed sharply lower Tuesday on uncertainty over Europe and corporate earnings fears.

In other New York precious metals futures:

  • Silver prices for September delivery settled down 56.2 cents, or 2.1%, to $26.882 an ounce. The white metal on the day traded between $26.760 and $27.580.

  • Platinum prices for October delivery declined $16.20, or 1.1%, to $1,429.70 an ounce. Platinum ranged from $1,423.00 to $1,454.60.

  • Palladium prices for September delivery settled to $576.60 an ounce, falling $7.30 or 1.3%. Platinum ranged from $573.15 to $588.00.

London Precious Metals

Precious metals in London rose slightly Tuesday, except for silver which at least doubled the others in percentage. When comparing the latest London PM fixings:

  • Gold gained $10.25, or 0.6%, to $1,595.25 an ounce,
  • Silver jumped 33.0 cents, or 1.2%, to $27.57 an ounce,
  • Platinum added $8.00, or 0.6%, to $1,449.00 an ounce, and
  • Palladium rose $3.00, or 0.5%, to $585.00 an ounce

U.S. Mint Bullion Coin Sales

Sales of U.S. Mint bullion coins were unchanged Tuesday as of 3:40 PM ET. The following are the latest daily, July and year-to-date bullion coin sales totals as published by the U.S. Mint.

Sale of US Mint American Eagle and Buffalo Bullion Coins
  Daily Gains July Gains YTD 2012
$50 American Eagle Gold Coin 0 8,000 293,000
$25 American Eagle Gold Coin 0 0 56,000
$10 American Eagle Gold Coin 0 2,000 54,000
$5 American Eagle Gold Coin 0 0 175,000
$50 American Buffalo Gold Coin 0 1,500 76,500
American Eagle Silver Coin 0 755,000 18,147,000

 

Sales of America the Beautiful 5 Oz. Bullion Silver Coins
  Daily Gains July Gains All-Time Total
2012 El Yunque National Forest 5 oz. Silver Bullion Coins 0 500 10,400
2012 Chaco Culture National Historical Park 5 oz. Silver Bullion Coins 0 1,800 5,000
2011 Olympic National Park 5 oz. Silver Bullion Coins 0 100 85,300
2011 Vicksburg National Military Park 5 oz. Silver Bullion Coins 0 0 38,600
2011 Chickasaw Park 5 oz. Silver Bullion Coins 0 0 28,900
TOTAL 0 2,400 166,900

 

The above U.S. Mint bullion coin sales are in coin totals, not the amount of ounces sold.

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