Precious Metals Rebound; US Mint Bullion Coins Rise

by CoinNews.net on April 21, 2015 · 0 comments

Two gold bullion bars

Precious metals bounced from their losses on Monday

Gold, silver and other precious metals rebounded Tuesday. Gold claimed back exactly what it lost a day earlier.

Gold for June delivery rose $9.40, or 0.8%, to settle at $1,203.10 an ounce on the Comex division of the New York Mercantile Exchange. Gold prices traded from a low of $1,192.50 to a high of $1,203.70.

"Gold prices ended the U.S. day session moderately higher Tuesday, boosted on some short covering in the futures market and bargain hunting in the cash," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a daily report. "There was also some safe-haven demand seen for gold amid mounting concerns over the Greece-EU debt impasse."

Silver for May delivery added 12 cents, or 0.8%, to settle at $16.01 an ounce. Silver prices ranged from $15.86 to $16.17. They fell on Monday by 34 cents, or 2.1%.

In PGM futures on Tuesday:

  • July platinum gained $3.70, or 0.3%, to $1,152.50 an ounce, trading between $1,145.40 and $1,159.80.

  • Palladium for June delivery moved up $2.15, or 0.3%, to $774.55 an ounce, ranging from $770.75 to $779.

London Precious Metals Prices

London precious metals prices changed modestly, and were mixed. In comparing London bullion prices from Monday PM to Tuesday PM:

  • Gold dipped $1.20, or 0.1%, to $1,195.30 an ounce,
  • Silver slipped a penny, or less than 0.1%, to $16.08 an ounce,
  • Platinum gained $2, or 0.2%, to $1,152 an ounce, and
  • Palladium added $3, or 0.4%, to $776 an ounce.

US Mint Bullion Coin Sales in April

United States Mint bullion coins added to their gains for the week so far, outperforming prior-day numbers. Sales of the agency’s gold rose 4,500 ounces and silver coins advanced 482,000 ounces. Most silver sales came from American Silver Eagles. They were muted on Monday, the same day the U.S. Mint released the second of the five ounce 2015 America the Beautiful Silver Bullion Coins. The Kisatchie coin opened with sales of 23,000 units or 115,000 ounces. They advanced another 5,000 coins or 25,000 ounces on Tuesday.

The table below offers a listing of U.S. Mint bullion products shows the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Tuesday Sales Last Week Current Week March Sales April Sales YTD Sales
$50 American Eagle 1 Oz Gold Coins 2,500 5,000 3,000 35,000 9,500 108,500
$25 American Eagle 1/2 Oz Gold Coins 1,000 0 1,000 5,000 3,000 28,000
$10 American Eagle 1/4 Oz Gold Coins 0 0 0 8,000 2,000 46,000
$5 American Eagle 1/10 Oz Gold Coins 0 10,000 0 70,000 20,000 255,000
$50 American Buffalo 1 Oz Gold Coins 1,000 1,500 1,500 9,500 7,000 63,000
$1 American Eagle 1 Oz Silver Coins 482,000 575,500 482,000 3,519,000 1,900,500 13,971,500
2015 Homestead 5 Oz Silver Coins* 15,000 35,000
2015 Kisatchie 5 Oz Silver Coins 5,000 N/A 28,000 N/A 28,000 28,000

 

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