Gold, Silver and Platinum Prices Change Modestly

by CoinNews.net on July 19, 2016 · 0 comments

Shelves of gold bullion bars

Aside from palladium, precious metals futures logged narrow changes Tuesday

Precious metals futures were mixed Tuesday with gold rising for a second day in a row and silver extending its string of losing sessions to four straight.

Gold for August delivery tacked on $3, or 0.2%, to settle at $1,332.30 an ounce on the Comex division of the New York Mercantile Exchange. The close was the highest since Wednesday.

"Gold prices ended the U.S. day session firmer Tuesday, supported by mostly weaker world stock markets and by some backing and filling on the charts following recent selling pressure," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "Looking at the general selling pressure seen across the entire raw commodity futures spectrum Tuesday, gold bulls should feel pretty good with their modest daily gains."

Gold futures ranged from a low of $1,325.80 to a high of $1,335.50. On Monday, they rose 0.1% for their first increase in three sessions.

Silver for September delivery fell 6.8 cents, or 0.3%, to settle at $20.007 an ounce. Silver futures traded between $19.87 and $20.13. They slipped 0.5% in the prior session.

In rounding out precious metals trading:

  • October platinum dipped $3, or 0.3%, to $1,098.60 an ounce, ranging from $1,090.30 to $1,103.70.

  • Palladium for September delivery gained $10.35, or 1.6%, to $656.40 an ounce, trading between $641.50 and $649.95.

London Precious Metals Prices

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

  • Gold declined $3.80, or 0.3%, to $1,330.90 an ounce.
  • Silver added 18 cents, or 0.9%, to $19.90 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

United States Mint bullion sales were unchanged as of 3:18 p.m. ET. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of bullion coins sold during varying periods of time.

US Mint Bullion Sales (# of coins)
Tuesday Sales Last Week This Week June Sales July Sales 2016 Sales
$50 American Eagle 1 Oz Gold Coins 0 8,000 3,000 62,500 18,500 424,500
$25 American Eagle 1/2 Oz Gold Coins 0 1,000 0 3,000 2,000 48,000
$10 American Eagle 1/4 Oz Gold Coins 0 0 2,000 10,000 6,000 92,000
$5 American Eagle 1/10 Oz Gold Coins 0 5,000 10,000 70,000 20,000 525,000
$50 American Buffalo 1 Oz Gold Coins 0 1,500 2,000 14,500 6,500 119,000
$1 American Eagle 1 Oz Silver Coins 0 445,000 300,000 2,837,500 995,000 27,245,500
2016 Shawnee 5 Oz Silver Coins 0 0 0 0 0 105,000
2016 Cumberland Gap 5 Oz Silver Coins 0 0 0 0 0 75,000
2016 Harpers Ferry 5 Oz Silver Coins 0 0 0 34,200 0 34,200

 

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