Gold, Silver and Other Precious Metals Log Modest Changes

by CoinNews.net on August 8, 2012 · 0 comments

Gold bars and world coins

Gold and other precious metals logged small changes Wednesday

Precious metals closed with very narrow changes Wednesday. Gold was the single gainer in very light, range-bounded trading.

Gold prices for December delivery settled up $3.20, or 0.2%, to $1,616.00 an ounce. Prices traded between an intraday low and high of $1,605.90 and $1,619.50.

"There appears to be little investor enthusiasm to push gold prices in any clear direction. A dearth of important economic releases this week and thin summer turnover may leave gold trading in a near-term no-man’s land," said James Steel, HSBC’s chief commodity analyst, according to Reuters.

In other New York precious metals:

  • Barely snapping a three-day winning streak, silver prices for September delivery edged down 1.1 cents to $28.075 an ounce. Silver ranged from a low of $27.66 to a high of $28.21.

  • Platinum for October delivery was also nearly unchanged, dipping 20.0 cents to $1,410.20 an ounce. Platinum touched a low of $1,399.00 and a high of $1,411.40.

  • Palladium for September delivery declined $1.70, or 0.3%, to $586.50 an ounce, trading between $581.50 and $587.95.

London Precious Metals

London precious metals were mixed Wednesday. When comparing London PM Fix prices:

  • Gold added $2.25, or 0.1%, to $1,613.25 an ounce,
  • Silver lost 16.0 cents, or 0.6%, to $27.84 an ounce,
  • Platinum declined $8.00, or 0.6%, to $1,402.00 an ounce, and
  • Palladium was unchanged at $585.00 an ounce

Sales of U.S. Mint Bullion Coins

Sales of U.S. Mint bullion coins were unchanged Wednesday as of 4:24 p.m. ET. The latest daily, August and year-to-date sales figures for U.S. Mint bullion products follow.

US Mint American Eagle and Buffalo Bullion Coin Sales
  Daily Gains August Gains YTD 2012
$50 American Gold Eagle Coins 0 3,500 317,000
$25 American Gold Eagle Coins 0 0 56,000
$10 American Gold Eagle Coins 0 0 54,000
$5 American Gold Eagle Coins 0 5,000 195,000
$50 American Buffalo Gold Coins 0 2,500 81,500
American Silver Eagle Coins 0 765,000 20,435,000

 

America the Beautiful 5 Oz. Silver Bullion Coin Sales
  Daily Gains August Gains All-Time Total
2012 El Yunque National Forest 5 oz. Silver Coins 0 400 13,600
2012 Chaco Culture National Historical Park 5 oz. Silver Coins 0 400 7,800
2012 Acadia National Park 5 oz. Silver Coins 0 600 10,500
2011 Olympic National Park 5 oz. Silver Coins 0 0 85,500
2011 Vicksburg National Military Park 5 oz. Silver Coins 0 0 39,100
2011 Chickasaw Park 5 oz. Silver Coins 0 0 29,400
TOTAL 0 1,400 185,900

 

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

{ 0 comments… add one now }

Leave a Comment