Gold Marks Fresh 3-Month High; US Coin Sales Rise

by CoinNews.net on October 13, 2015 · 2 comments

US Dollars and Gold Bullion Bars

Gold and silver advanced on Tuesday while platinum and palladium declined Oct 13, 2015

Gold futures scored a fresh, more than three-month high on Tuesday, extending a string of wins to seven sessions in eight with three of them in a row.

Gold for December delivery edged up 90 cents, or less than 0.1%, to $1,165.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the highest since July 6 when prices advanced to $1,173.20 an ounce.

"Gold is continuing to benefit from the weakness in U.S. dollar and safe-haven buying due to growing uncertainty about the direction of the stock markets," MarketWatch quoted Fawad Razaqzada, analyst at Forex.com.

Gold prices traded from a low of $1,151.30 to a high of $1,164.40. They moved up in the prior session by 0.7%, after advancing last week by 1.7%.

In other precious metals dealings, silver for December delivery climbed 4 cents, or 0.3%, to settle at $15.91 an ounce. Silver prices ranged from $15.62 to $15.93. They opened the week on Monday with an increase of 0.3%.

In PGM futures on Tuesday:

  • January platinum fell $3.30, or 0.3%, to $992.60 an ounce, trading between $979.10 and $998.

  • Palladium for December delivery lost $9.30, or 1.3%, to $685.35 an ounce, ranging from $681.10 to $699.

London Precious Metals Prices

Earlier fixed London gold and silver prices were divided. In comparing their prices from Monday PM to Tuesday PM:

  • Gold added 30 cents to $1,165.20 an ounce.
  • Silver declined 35 cents, or 2.2%, to $15.61 an ounce.

LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.

US Mint Bullion Coin Sales in October

U.S. government agencies closed Monday for Columbus Day holiday. On Tuesday, United States bullion sales moved up by 6,500 ounces in gold coins and 845,500 ounces in silver coins.

The U.S. Mint has limited sales of bullion American Silver Eagles since temporarily running out of them in early July. The agency allocated 1 million coins for this week. With Tuesday’s gains, 154,500 remain. Silver Eagle sales at 37,975,000 for the year continue at a record pace, up 9.2% from the same time in 2014. Last year when sales ended at an all-time record totaling 44,006,000, the coins by this time reached sales of 34,771,000.

Below is a listing of United States 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)
Tuesday / This Week Last Week Sept Sales Oct Sales YTD Sales
$50 American Eagle 1 Oz Gold Coins 5,000 13,500 98,500 18,500 538,500
$25 American Eagle 1/2 Oz Gold Coins 0 2,000 9,000 2,000 65,000
$10 American Eagle 1/4 Oz Gold Coins 0 4,000 20,000 4,000 146,000
$5 American Eagle 1/10 Oz Gold Coins 5,000 20,000 175,000 25,000 855,000
$50 American Buffalo 1 Oz Gold Coins 1,000 7,000 22,000 8,000 178,500
$1 American Eagle 1 Oz Silver Coins 845,500 1,075,000 3,804,500 1,920,500 37,975,000
2015 Homestead 5 Oz Silver Coins* 35,000
2015 Kisatchie 5 Oz Silver Coins* 42,000
2015 Blue Ridge Parkway 5 Oz Silver Coins* 45,000
2015 Bombay Hook 5 Oz Silver Coins* 45,000 45,000

{ 2 comments… read them below or add one }

yorbasasa October 14, 2015 at 3:35 pm

Question: Did US Mint use USA mined silver or Imported from overseas ? Had they report ?

Mike Unser (CoinNews.net) October 15, 2015 at 12:02 am

The U.S. Mint buys most of the planchets for American Silver Eagles from Sunshine Minting (www.sunshinemint.com).

Leave a Comment