Gold Eases Slightly, Silver Prices Rise 11.7 Cents

by CoinNews.net on March 25, 2013 · 0 comments

Chart and 3 Gold Bars

Gold and palladium dipped slightly Monday while silver and platinum edged higher

Gold prices settled lower Monday after a last-minute Cyprus deal was said to pressure the metal’s safe-haven appeal.

Gold for April delivery shed $1.60, or 0.1%, to $1,604.50 an ounce on the Comex in New York. The precious metal traded through an intraday range of $1,588.40 and $1,612.80.

Gold had "a whipsaw morning with a big selloff on initial Cyprus deal optimism," but prices pared losses "as the market may assume that the only thing that can save the euro is simply more liquidity, which could be bullish for gold," MarketWatch quoted Jason Rotman, president of Lido Isle Advisors in Newport Beach, Calif.

Gold last week advanced 0.9% for a third straight weekly increase.

In other New York precious metals futures on Monday:

  • Silver for May delivery settled up 11.7 cents, or 0.4%, to $28.815 an ounce, ranging from $28.45 to $28.89.

  • April platinum added $1.20, or 0.1%, to $1,582.90 an ounce, trading between $1,573.10 and $1,589.40.

  • Palladium for June delivery declined $4.20, or 0.6%, to $757.35 an ounce, ranging from $755.55 to $766.00.

These metals last week registered losses totaling 0.5% for silver, 0.7% for platinum and 1.8% for palladium.

London Precious Metals

London precious metals split again Monday. In contrasting the Friday PM to Monday PM London Fix prices:

  • Gold declined $8.50, or 0.5%, to $1,599.25 an ounce,
  • Silver fell 39.0 cents, or 1.3%, to $28.67 an ounce,
  • Platinum dropped $5.00, or 0.3%, to $1,575.00 an ounce, and
  • Palladium gained $7.00, or 0.9%, to $761.00 an ounce

Last week in London, silver and gold advanced 0.5% and 0.8%, respectively, but platinum declined 0.8% and palladium plummeted 2.6%.

US Bullion Coin Sales in March

Sales levels were unchanged Monday for United States Mint bullion coins. The latest bullion sales figures follow:

American Eagle and Buffalo Bullion Coin Sales
  Monday Sales Last Week Week-To-Date Sales March Sales YTD Sales
$50 American Eagle Gold Coins 0 11,000 0 40,500 233,000
$25 American Eagle Gold Coins 0 0 0 3,000 25,000
$10 American Eagle Gold Coins 0 0 0 6,000 42,000
$5 American Eagle Gold Coins 0 0 0 20,000 200,000
$50 American Buffalo Gold Coins 0 3,500 0 10,000 94,000
American Silver Eagle Coins 0 726,500 0 2,438,000 13,304,500

 

America the Beautiful 5 Oz. Silver Bullion Coin Sales
  Monday Sales Last Week Weekly Sales March Sales All-Time Sales
2012 El Yunque National Forest 5 oz. Silver Bullion Coins Sold Out 0 24,000
2012 Chaco Culture National Historical Park 5 oz. Silver Bullion Coins 600 24,400
2012 Acadia National Park 5 oz. Silver Bullion Coins 0 25,400
2012 Hawai’i Volcanoes 5 oz. Silver Bullion Coins 0 20,000
2012 Denali National Park 5 oz. Silver Bullion Coins 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 0 0 10,400 58,100
2011 Chickasaw Park 5 oz. Silver Bullion Coins 0 0 0 8,800 48,700
TOTAL 0 0 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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