Gold Dips 0.1%, Silver Flat

by CoinNews.net on May 10, 2016 · 0 comments

Silver bullion bars,5.45 oz

Most precious metals futures changed slightly Tuesday

Gold and silver futures changed modestly Tuesday as investors looked more toward stocks than safe-havens.

Gold for June delivery slipped $1.80, or 0.1%, to settle at $1,264.80 an ounce on the Comex division of the New York Mercantile Exchange.

"Investors are in a slight risk-on mode right now and it’s leaning on gold a bit," Reuters quoted James Steel, chief metals analyst for HSBC Securities in New York. "Gold is still correcting but the pace of decline appears to be moderating."

Gold prices traded from a low of $1,258.30 to a high of $1,269.50. They fell 2.1% in the prior session after surging 1.7% on Friday to a near 15-month high.

Elsewhere, silver for July delivery added 0.3 cents, or less than 0.1%, to settle at $17.092 an ounce. Silver prices ranged from $16.92 to $17.18. They plunged 2.5% on Monday.

In PGM futures on Tuesday:

  • July platinum gained $2.50, or 0.2%, to $1,049.30 an ounce, trading between $1,042.10 and $1,056.80.

  • Palladium for June delivery added $8.10, or 1.4%, to $592.20 an ounce, ranging from $578.65 to $597.80.

London Precious Metals Prices

In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:

  • Gold declined $2.45, or 0.2%, to $1,262.80 an ounce.
  • Silver declined 29 cents, or 1.7%, to $17.04 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 2016

U.S. Mint bullion sales were unchanged for a second straight day, according to figures on the agency’s website. Below is a sales breakdown of United States Mint bullion products with columns listing the number of bullion coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Tuesday / This Week Last Week Mar Sales Apr Sales May Sale 2016 Sales
$50 American Eagle 1 Oz Gold Coins 0 11,000 29,000 93,500 11,000 290,000
$25 American Eagle 1/2 Oz Gold Coins 0 3,000 1,000 6,000 3,000 39,000
$10 American Eagle 1/4 Oz Gold Coins 0 0 4,000 14,000 0 66,000
$5 American Eagle 1/10 Oz Gold Coins 0 10,000 75,000 55,000 10,000 385,000
$50 American Buffalo 1 Oz Gold Coins 0 6,500 7,000 19,500 6,500 86,000
$1 American Eagle 1 Oz Silver Coins 0 1,085,500 4,106,000 4,072,000 1,085,500 20,000,000
2016 Shawnee 5 Oz Silver Coins 0 0 0 0 0 105,000
2016 Cumberland Gap 5 Oz Silver Coins 0 0 0 64,000 0 64,000

 

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