Gold Slips, Jan 2015 Silver Eagle Sales Top Jan 2014

by CoinNews.net on January 26, 2015 · 0 comments

Bullion Silver Eagle

U.S. Mint sales of 2015 American Silver Eagle bullion coins topped 5.1 million for the year

Gold settled lower for a second session in a row on Monday as investors took profits and the U.S. dollar climbed.

In other bullion news, United States Mint sales of bullion American Silver Eagles reached over 5.1 million for the month, topping sales of 4.775 million from January 2014.

Returning to precious metals, gold for February fell $13.20, or 1%, to close at $1,279.40 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold prices ended the U.S. day session moderately lower Monday, on profit-taking from recent gains that saw prices last week hit a 5.5-month high, and on a strong U.S. dollar index that notched a 12-year high," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report.

Gold prices ranged from a low of $1,275.60 to a high of $1,299.20. Gold gained 1.2% last week, a third straight weekly increase. Prices topped $1,300 an ounce on Thursday for the first time in more than five months.

Silver for March delivery tumbled 32 cents, or 1.7%, to settle at $17.98, trading between $17.87 and $18.49. Silver also fell on Friday, snapping a six-session winning streak, but prices last week still surged 3.1%.

In rounding out precious metals futures trading on Monday:

  • April platinum declined $13.70, or 1%, to $1,255 an ounce, ranging from $1,246.60 to $1,278.90.

  • Palladium for March delivery gained $7.75, or 1%, to $781.85 an ounce, trading between $758 and $782.50.

Last week, platinum slipped 70 cents while palladium jumped 2.6%.

London Fix Precious Metals

Earlier fixed London precious metals moved in the same direction as New York bullion futures. In comparing London bullion Fix prices from Friday PM to Monday PM:

  • Gold lost $13.50, or 1%, to $1,281.25 an ounce,
  • Silver fell 40 cents, or 2.2%, to $17.83 an ounce,
  • Platinum declined $18, or 1.4%, to $1,256 an ounce, and
  • Palladium added $5, or 0.7%, to $772 an ounce.

The metals gained last week by 1.4% for gold, 7.7% for silver, 1% for platinum and 1.3% for palladium.

US Mint Bullion Coin Sales in January

United States Mint bullion sales on Monday were limited to 2015 American Silver Eagles. The bullion coins rose 367,000 to 5,127,500, the most for a month since 5.79 million sold in October. Like last year at this time, the U.S. Mint continues to ration Silver Eagle sales to maintain an inventory and to ensure even distribution to its authorized buyers.

Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of bullion coins sold on Monday, last week, in December, last year, and the year to date. Coins with an asterisk (*) have sold out for 2014 with 2015-dated versions yet to be released.

American Eagle and Buffalo Bullion Sales (# of coins)
Monday Sales Last Week December Sales 2014 Sales January / 2015 Sales
$100 American Platinum Eagle Bullion Coins* 0 0 0 16,900 0
$50 American Eagle Bullion Gold Coins 0 1,000 13,000 415,500 50,500
$25 American Eagle Bullion Gold Coins 0 0 0 46,000 18,000
$10 American Eagle Bullion Gold Coins 0 2,000 6,000 118,000 36,000
$5 American Eagle Bullion Gold Coins 0 10,000 35,000 565,000 100,000
$50 American Buffalo Bullion Gold Coins 0 0 4,500 177,500 32,500
$1 American Eagle Silver Bullion Coins 367,000 1.059M 2.459M 44.006M 5,127,500
Great Smoky Mountains National Park 5 Oz Silver Bullion Coins* 0 0 0 33,000 0
Shenandoah National Park 5 Oz Silver Bullion Coins 0 600 1,100 24,400 600
Arches National Park 5 Oz Silver Bullion Coins* 0 0 0 22,000 0
Great Sand Dunes 5 Oz Silver Bullion Coins* 0 0 4,000 22,000 0
Everglades 5 Oz Silver Bullion Coins* 0 0 7,000 34,000 0

 

{ 0 comments… add one now }

Leave a Comment