Gold Rises for Third Session, Ends at 1-Week High

by CoinNews.net on June 10, 2015 · 0 comments

Silver bullion bar

Silver prices ended higher for the first time in six sessions

Precious metals ended higher Wednesday, logging mostly modest gains. Gold’s session increase marked a third straight.

Gold for August delivery tacked on $9, or 0.8%, to close at $1,186.60 an ounce on the Comex division of the New York Mercantile Exchange. The settlement price was the highest since June 2.

"Uncertainty around Greece and a softer dollar are definitely helping today … there is good support in the $1,180 area right now," Reuters quoted Bernard Sin, MKS SA senior vice president.

Gold prices traded from a low of $1,174.30 to a high of $1,191.80. They climbed in the prior session by $4 or 0.3%.

Snapping a five-session losing streak, but barely, silver for July delivery slipped less than a half cent to close at $15.96 an ounce. Silver prices ranged from $15.90 to $16.19. They moved exactly opposite on Tuesday, falling less than a half cent.

In other precious metals futures on Wednesday:

  • July platinum gained $6.70, or 0.6%, to $1,115.20 an ounce, trading between $1,105.80 and $1,119.60.

  • Palladium for September delivery rose $3.60, or 0.5%, to $743.50 an ounce, ranging from $738.75 to $748.60.

London Precious Metals Prices

Earlier fixed London precious metals prices mostly climbed. In comparing London bullion prices from Tuesday PM to Wednesday PM:

  • Gold gained $11.10, or 0.9%, to $1,188.50 an ounce,
  • Silver was unchanged at $16.13 an ounce,
  • Platinum rose $8, or 0.7%, $1,117 an ounce, and
  • Palladium added $3, or 0.4%, to $749 an ounce.

US Mint Bullion Coin Sales in June

United States Mint bullion sales were unchanged Wednesday following strong gains in the prior two sessions. Below is a listing of U.S. Mint bullion products that shows the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Wednesday Sales Last Week Current Week May Sales June Sales YTD Sales
$50 American Eagle 1 Oz Gold Coins 0 10,500 9,500 13,500 20,000 156,000
$25 American Eagle 1/2 Oz Gold Coins 0 0 0 3,000 0 32,000
$10 American Eagle 1/4 Oz Gold Coins 0 0 2,000 10,000 2,000 60,000
$5 American Eagle 1/10 Oz Gold Coins 0 15,000 20,000 40,000 35,000 340,000
$50 American Buffalo 1 Oz Gold Coins 0 3,000 3,000 9,500 6,000 81,500
$1 American Eagle 1 Oz Silver Coins 0 975,000 650,000 2,023,500 1,625,000 18,571,000
2015 Homestead 5 Oz Silver Coins* 35,000
2015 Kisatchie 5 Oz Silver Coins*   12,000 42,000

 

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