Gold Prices Rise Slightly for Second Day

by CoinNews.net on December 18, 2014 · 0 comments

Bullion, 3 Gold Bars

Gold, silver and palladium advanced Thursday. Platinum fell slightly.

Gold edged higher for a second session in a row Thursday, gaining little traction from a losing streak that extended to five straight sessions on Tuesday.

Gold for February delivery added 30 cents to settle at $1,194.80 an ounce on the Comex division of the New York Mercantile Exchange.

"We have seen the safe-haven premium come off after equities surged this morning," Phil Streible, a senior commodity broker at R.J. O’Brien & Associates in Chicago, said in a telephone interview according to Bloomberg News.

U.S. stocks surged Wednesday with the S&P 500 up 1.6%, the Dow up 1.7% and the Nasdaq up 1.8%.

Gold prices ranged from an intraday low of $1,188.50 to a high of $1,213.90. They rose 20 cents on Wednesday. Gold has slipped 2.3% since Friday.

Silver also logged modest gains with the March contract up less than a penny to $15.93 an ounce. Prices ranged from $15.74 to $16.23. Silver advanced 18 cents in the previous session. Silver prices have tumbled 6.6% since Friday.

In PGM futures on Thursday:

  • January platinum lost $2.40, or 0.2%, to $1,197.10 an ounce, trading between $1,193.10 and $1,214.90.

  • Palladium for March delivery settled up $12.90, or 1.7%, to $792.15 an ounce, ranging from $778.30 to $795.30.

London Fix Precious Metals

Earlier fixed London precious metals moved higher. When comparing London bullion Fix prices from Wednesday PM to Thursday PM:

  • Gold added $3.25, or 0.3%, to $1,199 an ounce,
  • Silver rose 13 cents, or 0.8%, to $16.08 an ounce,
  • Platinum gained $3, or 0.2%, to $1,205 an ounce, and
  • Palladium climbed $4, or 0.5%, to $791 an ounce.

US Mint Bullion Coin Sales in December

United States Mint bullion sales were unchanged Thursday as of 3:40 PM ET. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of bullion coins sold last week, this week, last month, in December, and the year to date. Coins with an asterisk (*) have sold out.

American Eagle and Buffalo Bullion Sales (# of coins)
Thursday Sales Last Week Current Week November Sales December Sales YTD Sales
$100 American Platinum Eagle Bullion Coins* 0 0 0 0 0 16,900
$50 American Eagle Bullion Gold Coins 0 0 0 49,000 12,000 414,500
$25 American Eagle Bullion Gold Coins 0 0 0 8,000 0 46,000
$10 American Eagle Bullion Gold Coins 0 0 0 12,000 6,000 118,000
$5 American Eagle Bullion Gold Coins 0 0 0 40,000 30,000 560,000
$50 American Buffalo Bullion Gold Coins 0 0 0 12,500 2,500 175,500
$1 American Eagle Silver Bullion Coins 0 901,000 235,500 3,426,000 1,958,000 43,505,000
Great Smoky Mountains National Park 5 Oz Silver Bullion Coins* 0 0 0 0 0 33,000
Shenandoah National Park 5 Oz Silver Bullion Coins 0 300 500 900 1,100 24,400
Arches National Park 5 Oz Silver Bullion Coins* 0 0 0 0 0 22,000
Great Sand Dunes 5 Oz Silver Bullion Coins 0 800 1,400 1,700 4,000 21,900
Everglades 5 Oz Silver Bullion Coins 0 0 0 27,000 7,000 34,000

 

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