Gold Up 20 Cents, Silver Half Penny; US Coins Gain

by CoinNews.net on March 7, 2013 · 0 comments

1000g Gold Bars

Silver and gold edged higher Thursday. American Eagle and Buffalo coins also advanced.

Thursday turned into another day of narrowed changes for gold and silver, each rising less than 0.1%. Palladium was an outlier in precious metals, soaring 2.6%.

Gold for April delivery climbed 20 cents to settle at $1,575.10 an ounce on the Comex in New York. The settlement hugged the day’s low of $1,574.00 an ounce. Gold reached an intraday high of $1,584.90.

"Gold is stuck in the same range it’s traded in for the best part of a fortnight," MarketWatch quoted Ben Traynor, chief economist at BullionVault. He added that with data on U.S. nonfarm payrolls due Friday, "many traders are wary of taking aggressive positions, which has helped keep gold range bound."

Silver inched up for its fifth straight session increase. Silver for May delivery added a half penny to finish at $28.808 an ounce. Prices went as low as $28.74 and as high as $29.085.

In PGM futures Thursday:

  • April platinum gained $15.30, or 1.0%, to $1,595.10 an ounce, trading between $1,585.00 and $1,601.20.

  • Palladium for June delivery rallied $19.00 to $759.05 an ounce, trading between $744.00 and $761.55.

London Bullion Prices

Palladium was also the big gainer in London fixings. Other precious metals in London rose modestly by comparison. In contrasting the Wednesday PM to Thursday PM London Fix prices:

  • Gold added $5.50, or 0.3%, to $1,579.50 an ounce,
  • Silver rose 27.0 cents, or 0.9%, to $29.01 an ounce,
  • Platinum gained $6.00, or 0.4%, to $1,596.00 an ounce, and
  • Palladium surged $16.00, or 2.2%, to $755.00 an ounce

US Bullion Coin Sales in March

U.S. Mint bullion sales advanced Thursday for American Eagle and Buffalo coins. United States Mint dealers ordered 5,000 ounces in gold coins and 20,500 ounces in silver coins. Bullion sales by product type follow.

American Eagle and Buffalo Bullion Coin Sales
  Thursday Sales Last Week Week-To-Date March Sales YTD Sales
$50 American Eagle Gold Bullion Coins 3,500 20,000 10,500 14,500 207,000
$25 American Eagle Gold Bullion Coins 0 1,000 1,000 1,000 23,000
$10 American Eagle Gold Bullion Coins 0 2,000 4,000 4,000 40,000
$5 American Eagle Gold Bullion Coins 5,000 5,000 10,000 10,000 190,000
$50 American Buffalo Gold Bullion Coins 1,000 2,500 1,500 1,500 85,500
American Silver Eagle Bullion Coins 20,500 822,000 897,000 897,000 11,763,500

 

America the Beautiful 5 Oz. Silver Bullion Coin Sales
  Thursday Sales Last Week Week-To-Date March Sales All-Time Sales
2012 El Yunque National Forest 5 oz. Silver Bullion Coins 0 0 0 0 24,000
2012 Chaco Culture National Historical Park 5 oz. Silver Bullion Coins 0 2,600 0 600 24,400
2012 Acadia National Park 5 oz. Silver Bullion Coins 0 0 0 0 25,400
2012 Hawai’i Volcanoes 5 oz. Silver Bullion Coins 0 0 0 0 20,000
2012 Denali National Park 5 oz. Silver Bullion Coins 0 0 0 0 20,000
2011 Olympic National Park 5 oz. Silver Bullion Coins 0 0 0 0 104,900
2011 Vicksburg National Military Park 5 oz. Silver Bullion Coins 0 12,400 0 10,400 58,100
2011 Chickasaw Park 5 oz. Silver Bullion Coins 0 9,300 0 8,800 48,700
TOTAL 0 24,300 0 19,800 325,500

 

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

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