Gold and Silver Retreat; US Mint Coins Sales Rise

by CoinNews.net on July 30, 2015 · 0 comments

Shelves of gold bullion bars

Precious metals ended mixed

Gold futures on Thursday ended lower for a third session in a row while silver snapped a three-session winning streak.

Gold for December delivery fell $4.60, or 0.4%, to settle at $1,088.70 an ounce on the Comex division of the New York Mercantile Exchange.

"The bears remain confident, what with a lack of bullish fundamental inputs, a rebound in the U.S. dollar index this week, and a very bearish technical posture for the precious metal," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report.

Gold prices ranged from a low of $1,081.50 to a high of $1,098.20. Even with the losing streak, gold is up about 0.3% since Friday.

Silver for September delivery shed 5 cents, or 0.3%, to $14.70 an ounce. Silver prices traded between $14.58 and $14.82.

In other precious metals futures on Thursday:

  • October platinum gained $5, or 0.5%, to $989.90 an ounce, ranging from $978.70 to $994.40.

  • Palladium for September delivery climbed $4.95, or 0.8%, to $620.55 an ounce, trading between $616 and $624.35.

London Precious Metals Prices

Earlier fixed London gold and silver prices remained divided. In comparing London bullion prices from Wednesday PM to Thursday PM:

  • Gold lost $2.75, or 0.3%, to $1,087.50 an ounce.
  • Silver rose 3 cents, or 0.2%, to $14.64 an ounce.

LBMA platinum and palladium prices are displayed on the LBMA’s website with a delay of midnight after the setting of the prices each day.

US Mint Bullion Coin Sales in July

United States Mint bullion sales advanced yet again on Thursday with gold coins jumping 11,000 ounces and silver coins rising 197,500 ounces.

American Silver Eagles have hit 5.529 million for the month, behind 1,000 from the 2015 monthly high in January.

American Gold Eagle sales in July now stand at 170,000 ounces, the highest in a month than any since sales of 209,500 ounces in April 2013.

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)
Thursday Sales Last Week This Week June Sales July Sales YTD Sales
$50 American Eagle 1 Oz Gold Coins 4,500 37,500 22,000 62,500 144,500 343,000
$25 American Eagle 1/2 Oz Gold Coins 1,000 3,000 3,000 4,000 10,000 46,000
$10 American Eagle 1/4 Oz Gold Coins 0 4,000 6,000 12,000 28,000 98,000
$5 American Eagle 1/10 Oz Gold Coins 5,000 20,000 20,000 85,000 135,000 525,000
$50 American Buffalo 1 Oz Gold Coins 500 12,500 6,500 21,000 32,000 128,500
$1 American Eagle 1 Oz Silver Coins 197,500 0 2,820,000 4,840,000 5,529,000 27,315,000
2015 Homestead 5 Oz Silver Coins* 35,000
2015 Kisatchie 5 Oz Silver Coins* 42,000
2015 Blue Ridge Parkway 5 Oz Silver Coins* 0 0 2,400 35,000 10,000 45,000

 

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