Gold and Other Metals Rebound Again

by CoinNews.net on April 23, 2015 · 0 comments

999.9 Fine Gold Bar

Gold and other precious metals gained on Thursday

Precious metals rose Thursday, extending their repeated movement of lower and then higher closings that started on Monday. Gold prices rebounded from their lowest close of the month.

Gold for June delivery gained $7.40, or 0.6%, to close at $1,194.30 an ounce on the Comex division of the New York Mercantile Exchange. Gold prices traded from $1,183.60 to $1,195.40 and are down about 0.7% since Friday. On Wednesday, they marked their weakest settlement price since March 31.

"Gold prices ended the U.S. day session higher Thursday, on some short covering and perceived bargain hunting after recent selling pressure," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "The key ‘outside markets’ were fully bullish for the precious metals on this day, as the U.S. dollar index was sharply lower and crude oil prices were sharply higher."

Silver for May delivery settled up 3 cents, or 0.2%, to $15.83 an ounce. Silver prices ranged from $15.71 to $15.92. They declined on Wednesday by 1.3% and are off 2.5% since Friday.

In PGM futures on Thursday:

  • July platinum rose $7, or 0.6%, to $1,136.70 an ounce, trading between $1,126.40 and $1,139.70.

  • Palladium for June delivery jumped $14, or 1.9%, to $769.90 an ounce, ranging from $755 to $776.75.

London Precious Metals Prices

London precious metals prices continued lower. In comparing London bullion prices from Wednesday PM to Thursday PM:

  • Gold slipped $3.50, or 0.3%, to $1,185.75 an ounce,
  • Silver lost 19 cents, or 1.2%, to $15.86 an ounce,
  • Platinum declined $9, or 0.8%, to $1,129 an ounce, and
  • Palladium fell $5, or 0.7%, to $761 an ounce.

US Mint Bullion Coin Sales in April

United States Mint bullion sales were unchanged Thursday as of 3:17 PM ET. 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)
Thursday Sales Last Week Current Week March Sales April Sales YTD Sales
$50 American Eagle 1 Oz Gold Coins 0 5,000 5,500 35,000 12,000 111,000
$25 American Eagle 1/2 Oz Gold Coins 0 0 1,000 5,000 3,000 28,000
$10 American Eagle 1/4 Oz Gold Coins 0 0 2,000 8,000 4,000 48,000
$5 American Eagle 1/10 Oz Gold Coins 0 10,000 5,000 70,000 25,000 260,000
$50 American Buffalo 1 Oz Gold Coins 0 1,500 2,500 9,500 8,000 64,000
$1 American Eagle 1 Oz Silver Coins 0 575,500 512,000 3,519,000 1,930,500 14,001,500
2015 Homestead 5 Oz Silver Coins* 15,000 35,000
2015 Kisatchie 5 Oz Silver Coins 0 N/A 29,500 N/A 29,500 29,500

 

{ 0 comments… add one now }

Leave a Comment