Gold and Silver Prices Little Changed, Palladium Gains 1.8%

by CoinNews.net on January 16, 2013 · 1 comment

Gold and Silver Bullion

Gold and silver prices were nearly flat Wednesday

Gold was little changed Wednesday after closing to a near two-week high in the previous session.

Gold for February delivery retreated 70.0 cents to settle at $1,683.20 an ounce on the Comex in New York. The precious metal traded between $1,673.00 and $1,684.70.

"Comex gold futures prices ended the U.S. day session slightly lower and up from the session low Wednesday. Technical chart consolidation was featured following recent price gains," noted Jim Wyckoff in the PM Kitco Metals Roundup. "The slightly firmer U.S. dollar index was a mild negative for the precious metals."

Gold’s settlement price on Tuesday was the highest since Jan. 2.

In other New York precious metals futures:

  • March silver prices edged up 1.3 cents to $31.542 an ounce, ranging from $31.09 to $31.57. The settlement price is the highest for silver since Dec. 18.

  • Platinum for April delivery added $4.20, or 0.3%, to $1,694.10 an ounce, trading between $1,657.10 and $1,700.00. On Tuesday, the precious metal surpassed the price of gold for the first time since April.

  • March palladium surged $13.10, or 1.8%, to $726.45 an ounce, ranging from $705.65 to $727.90.

London Bullion Prices

Precious metals in London were mixed. In contrasting the latest London PM Fix prices:

  • Gold fell $4.25, or 0.3%, to $1,676.25 an ounce,
  • Silver prices gained 4.0 cents, or 0.1%, to $31.23 an ounce,
  • Platinum declined $12.00, or 0.7%, to $1,678.00 an ounce, and
  • Palladium added $5.00, or 0.7%, to $714.00 an ounce

Sales of US Mint Bullion Coins

Sales levels of U.S. Mint bullion coins were unchanged Wednesday as of 4:40 PM ET. The latest daily and year-to-date bullion coin sales follow.

American Eagle and Buffalo Bullion Coin Sales
  Wednesday Sales Last Week Week-To-Date Sales 2013 Sales
$50 American Eagle Gold Bullion Coins 0 27,500 13,000 93,500
$25 American Eagle Gold Bullion Coins 0 3,000 1,000 13,000
$10 American Eagle Gold Bullion Coins 0 4,000 2,000 18,000
$5 American Eagle Gold Bullion Coins 0 20,000 15,000 85,000
$50 American Buffalo Gold Bullion Coins 0 22,000 3,000 39,500
American Eagle Silver Coin* 0 4,782,000 350,000 5,132,000

 

America the Beautiful 5 Oz. Silver Bullion Coin Sales
  Wednesday Sales Last Week Week-To-Date Sales All-Time Sales
2012 El Yunque National Forest 5 oz. Silver Bullion Coins 0 0 0 21,900
2012 Chaco Culture National Historical Park 5 oz. Silver Bullion Coins 0 0 0 20,000
2012 Acadia National Park 5 oz. Silver Bullion Coins 0 0 0 25,400
2012 Hawai’i Volcanoes 5 oz. Silver Bullion Coins 0 0 0 20,000
2012 Denali National Park 5 oz. Silver Bullion Coins 0 0 0 20,000
2011 Olympic National Park 5 oz. Silver Bullion Coins 0 5,700 4,000 95,600
2011 Vicksburg National Military Park 5 oz. Silver Bullion Coins 0 1,700 0 41,200
2011 Chickasaw Park 5 oz. Silver Bullion Coins 0 1,700 0 31,400
TOTAL 0 9,100 4,000 275,500

 

Coin sales figures shown above are in the number of coins sold. Calculate total ounces by using the bullion coin’s weight.

{ 1 comment… read it below or add one }

jim January 16, 2013 at 10:41 pm

Waiting for the palladium eagle to come out…

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