Gold Climbs for Second Day, US Coin Sales Rise

by CoinNews.net on August 13, 2014 · 0 comments

Silver coins in bag and Gold Eagle bullion coins

Gold advanced Wednesday while silver declined. U.S. Mint bullion sales climbed for platinum, gold and silver coins.

Gold prices ended higher in the mid-week session on Wednesday, rising for a second day and changing by the biggest amount this week — but not by much.

Gold for December delivery rose $3.90, or 0.3%, to settle at $1,314.50 an ounce on the Comex division of the New York Mercantile Exchange.

"We saw a move upwards after the retail sales data, which is now correcting," Reuters quoted Commerzbank analyst Daniel Briesemann said. "We don’t see any data coming up, or any other news, which is really going to shake gold out of its trading band."

In another day of thin trading volume, gold ranged from a low of $1,306 to a high of $1,316.40. Prices have moved modestly this week, dipping 50 cents on Monday and adding 10 cents on Tuesday.

Down for a fourth time in five sessions, silver for September delivery lost 6 cents, or 0.3%, to end at $19.85 an ounce. Silver prices traded between $19.71 and $20.09. The precious metal gave back 19 cents on Tuesday after gaining 15 cents on Monday.

In PGM futures on Wednesday:

  • October platinum declined $2.30, or 0.2%, to $1,469.90 an ounce, ranging from $1,463.50 to $1,477.30.

  • Palladium for September delivery tacked on $3.60, or 0.4%, to $881.60 an ounce, trading between $875 and $882.95.

London Fix Precious Metals

Earlier fixed London precious metals declined. In contrasting the London bullion fix prices from Tuesday PM to Wednesday PM:

  • Gold lost $3.75, or 0.3%, to $1,312 an ounce,
  • Silver fell 18 cents, or 0.9%, $19.90 an ounce,
  • Platinum turned down $2, or 0.1%, to $1,471 an ounce, and
  • Palladium declined $2, or 0.2%, to $881 an ounce

US Mint Bullion Sales in August

United States Mint bullion sales advanced Wednesday, registering gains of 200 ounces in platinum coins; 1,000 ounces in gold coins; and 175,000 ounces in silver coins. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of bullion coins sold on Wednesday, last week, this week so far, last month, the month so far, and the year to date.

American Eagle and Buffalo Bullion Sales (# of coins)
Wednesday Sales Sales Last Week Current Sales Week July Sales August Sales YTD Sales
$100 American Platinum Eagle Bullion Coins 200 0 400 0 400 13,300
$50 American Eagle Bullion Gold Coins 0 10,000 1,500 26,000 11,500 236,000
$25 American Eagle Bullion Gold Coins 0 0 0 0 0 27,000
$10 American Eagle Bullion Gold Coins 0 2,000 0 6,000 2,000 80,000
$5 American Eagle Bullion Gold Coins 5,000 15,000 5,000 25,000 20,000 405,000
$50 American Buffalo Bullion Gold Coins 500 4,000 500 5,500 4,500 121,500
$1 American Eagle Silver Bullion Coins 175,000 955,000 225,000 1,975,000 1,180,000 27,283,500
Great Smoky Mountains National Park 5 Oz Silver Bullion Coins 0 0 0 500 0 29,500
Shenandoah National Park 5 Oz Silver Bullion Coins 0 0 0 0 0 20,000
Arches National Park 5 Oz Silver Bullion Coins 0 0 0 1,500 0 20,000

 

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