Gold Prices End Near 3-Week High; US Coins Rise

by CoinNews.net on March 24, 2015 · 0 comments

Three Gold Bullion Bars, Dark Background

Precious metals split Tuesday with gold and silver higher and platinum and palladium lower.

Gold prices climbed for a fifth straight session on Tuesday, ending near a three-week high as the U.S. dollar continued to slide.

Gold for April delivery tacked on $3.70, or 0.3%, to close at $1,191.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement price marks the highest since March 5 when gold ended at $1,196.20 an ounce.

"The market believes that the Fed will not be aggressive about the rate hike, giving a boost to gold," Bloomberg News quoted Alfonso Esparza, a senior currency analyst at Oanda Corp. in Toronto. "Also, the dollar weakness is keeping gold supported."

Gold prices ranged from a low of $1,184.70 to a high of $1,194.50. They have advanced $43.20, or 3.8%, since last ending down one week ago.

Silver for May delivery rose 9 cents, or 0.5%, to close at $16.98 an ounce. Silver prices traded from $16.81 to $17.04. The precious metal on Monday inched up almost a penny.

In PGM futures on Tuesday:

  • April platinum slipped $3, or 0.3%, to $1,141.50 an ounce, ranging from $1,132.20 to $1,149.

  • Palladium for June delivery fell $7, or 0.9%, to $763.70 an ounce, trading between $763.05 and $777.

London Precious Metals Prices

Earlier fixed London precious metals were split. In comparing London bullion Fix prices from Monday PM to Tuesday PM:

  • Gold added $5.25, or 0.4%, to $1,191.50 an ounce,
  • Silver gained 24 cents, or 1.4%, to $16.97 an ounce,
  • Platinum fell $9, or 0.8%, to $1,132 an ounce, and
  • Palladium declined $10, or 1.3%, to $768 an ounce.

US Mint Bullion Coin Sales in March

United States Mint bullion sales climbed Tuesday with gold coins rising 4,500 ounces and silver coins advancing 189,000 ounces. The gains in gold were the first of the week. Two-day silver sales at 741,500 ounces have already passed the 637,000 ounces sold last week.

This listing of U.S. Mint bullion products show the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Tuesday Sales Last Week Current Week February Sales March Sales YTD Sales
$50 American Eagle 1 Oz Gold Coins 3,500 9,000 3,500 12,500 29,000 93,000
$25 American Eagle 1/2 Oz Gold Coins 0 0 0 2,000 4,000 24,000
$10 American Eagle 1/4 Oz Gold Coins 2,000 4,000 2,000 0 8,000 44,000
$5 American Eagle 1/10 Oz Gold Coins 0 15,000 0 50,000 55,000 220,000
$50 American Buffalo 1 Oz Gold Coins 500 4,500 500 12,000 8,500 55,000
$1 American Eagle 1 Oz Silver Coins 181,000 637,000 715,000 3,022,000 2,783,000 11,335,000
2015 Homestead 5 Oz Silver Coins 1,600 0 5,300 20,000 13,300 33,300

{ 0 comments… add one now }

Leave a Comment