Gold, Silver Down; American Gold Eagle Coins Rise

by CoinNews.net on July 24, 2012 · 0 comments

2012 American Gold Eagle Reverse

American Gold Eagle sales rose for day two

Gold edged lower for a second session Tuesday as gloomy euro zone economic factors propped the U.S. dollar which pressured gold and other precious metals prices.

Gold prices for August delivery shed $1.20, or 0.1%, to settle at $1,576.20 an ounce on the Comex in New York. Gold bracketed intraday prices of $1,567.80 and $1,584.00.

"Gold is mostly taking its cues from the euro-dollar. Volume is pretty decent, suggesting there are good underlying bids here," Reuters quoted Jonathan Jossen, an independent COMEX gold options floor trader.

In other major New York precious metals futures:

  • Silver prices for September delivery closed at $26.811 an ounce, falling 23.1 cents or 0.9%. Silver traded between an intraday low of $26.575 and a high of $27.145.

  • Platinum prices for October delivery declined $12.30, or 0.9%, to $1,386.60 an ounce, ranging from $1,378.50 to $1,406.00.

  • Palladium prices for September delivery fell $9.35, or 1.6%, to $561.60 an ounce, moving between $555.90 and $574.70.

London Precious Metals

Earlier fixed London precious metals were mixed on the day. When comparing the London PM Fix prices:

  • Gold gained $11.00, or 0.7%, to $1,583.25 an ounce,
  • Silver dipped 2.0 cents, or 0.1%, to $26.93 an ounce,
  • Platinum added $2.00, or 0.1%, to $1,395.00 an ounce, and
  • Palladium advanced $4.00, or 0.7%, to $569.00 an ounce

U.S. Mint Bullion Coin Sales

Making a lone ascent among U.S. bullion coins were one ounce American Gold Eagles. Rising 1,000 for a second straight day, the two-day total doubles U.S. Mint gold bullion sales from last week.

The following are the latest daily, July and year-to-date bullion coin sales totals as published by the U.S. Mint.

US Mint American Eagle and Buffalo Bullion Coin Sales
  Daily Gains July Gains YTD 2012
$50 American Gold Eagle Coins 1,000 19,000 304,000
$25 American Gold Eagle Coins 0 0 56,000
$10 American Gold Eagle Coins 0 2,000 54,000
$5 American Gold Eagle Coins 0 0 175,000
$50 American Buffalo Gold Coins 0 1,500 76,500
American Eagle Silver Coins 0 1,468,000 18,860,000

 

America the Beautiful 5 Oz. Bullion Silver Coin Sales
  Daily Gains July Gains All-Time Total
2012 El Yunque National Forest 5 oz. Silver Coins 0 1,700 11,600
2012 Chaco Culture National Historical Park 5 oz. Silver Coins 0 2,700 5,900
2011 Olympic National Park 5 oz. Silver Coins 0 100 85,300
2011 Vicksburg National Military Park 5 oz. Silver Coins 0 200 38,800
2011 Chickasaw Park 5 oz. Silver Coins 0 200 31,100
TOTAL 0 4,900 170,700

 

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

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