Precious Metals Rise as Dollar Edges Lower

by CoinNews.net on August 6, 2015 · 0 comments

1000 g gold bars

Precious metals futures settled higher Thursday

Gold and silver futures settled higher Thursday as the U.S. dollar backed off some from earlier gains.

Gold for December delivery climbed $4.50, or 0.4%, to close at $1,090.10 an ounce on the Comex division of the New York Mercantile Exchange.

"We’re seeing a mild consolidation rally," Reuters quoted Bill O’Neill, co-founder of commodities investment firm LOGIC Advisors in New Jersey. "The dollar has lost a little ground and we have nervousness surrounding equities."

Gold prices ranged from a low of $1,082.70 to a high of $1,093.30. They declined in the prior session by $5.10 or 0.5%.

Silver for September delivery advanced 12 cents, or 0.9%, to settle at $14.68 an ounce. Silver prices traded between $14.49 and $14.74. They edged down on Wednesday by less than a penny.

In PGM futures on Thursday:

  • October platinum turned up $5.10, or 0.5%, to $956 an ounce, ranging from $946 to $959.10.

  • Palladium for September delivery gained $6.80, or 1.2%, to $599.80 an ounce, trading between $591.55 and $602.50.

London Precious Metals Prices

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

  • Gold added $4.65, or 0.4%, to $1,089.75 an ounce.
  • Silver rose 7 cents, or 0.5%, to $14.59 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 August

United States Mint bullion sales remained unchanged for a second day in a row. Below is a listing of U.S. Mint bullion products with 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/Aug Sales July Sales YTD Sales
$50 American Eagle 1 Oz Gold Coins 0 22,000 1,500 144,500 344,500
$25 American Eagle 1/2 Oz Gold Coins 0 3,000 0 10,000 46,000
$10 American Eagle 1/4 Oz Gold Coins 0 6,000 2,000 28,000 100,000
$5 American Eagle 1/10 Oz Gold Coins 0 20,000 0 135,000 525,000
$50 American Buffalo 1 Oz Gold Coins 0 6,500 500 32,000 129,000
$1 American Eagle 1 Oz Silver Coins 0 2,820,000 1,057,000 5,529,000 28,372,000
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 2,400 0 10,000 45,000

 

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