Gold and Silver Log Slight Gains; US Mint Coin Sales Rise

by CoinNews.net on July 26, 2016 · 0 comments

silver bars, 3 and 1

Precious metals advanced on Tuesday, as did sales of United States Mint bullion coins

Gold and silver futures posted modest changes for a third session in a row on Tuesday, this time edging higher.

Gold for August delivery added $1.30, or 0.1%, to settle $1,320.80 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold is currently entangled in a fierce tug of war with U.S. rate hike expectations and risk aversion from concerns over the global economy," MarketWatch quoted Lukman Otunuga, FXTM research analyst.

Gold futures traded from a low of $1,313.60 to a high of $1,324.40. They slipped 0.3% in the previous session.

Silver for September delivery gained 3.6 cents, or 0.2%, to settle at $19.683 an ounce. Silver futures ranged from $19.49 to $19.80. They shed 0.2% in starting the week on Monday.

In other precious metals futures:

  • October platinum tacked on $10.60, or 1%, to $1,099 an ounce, trading between $1,085.70 and $1,101.10.

  • Palladium for September delivery added $4.05, or 0.6%, to $692.80 an ounce, ranging from $682.60 to $695.95.

London Precious Metals Prices

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

  • Gold rose $9.85, or 0.8%, to $1,323 an ounce.
  • Silver added 27 cents, or 1.4%, to $19.68 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 products registered daily gains of:

  • 1,300 ounces in American Platinum Eagles,
  • 1,500 ounces in American Gold Eagles,
  • 500 ounces in American Gold Buffalos, and
  • 25,000 ounces in American Silver Eagles.

Demand for American Silver Eagles has slowed in the last few weeks but their sales are still tracking a record. Their year-to-date total of 27,595,500 coins is 12.7% higher than the amount sold through same time in record-breaking year 2015.

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
$100 American Eagle 1 Oz Platinum Coins 1,300 N/A 18,400 N/A 18,400 18,400
$50 American Eagle 1 Oz Gold Coins 1,000 7,000 3,500 62,500 26,000 432,000
$25 American Eagle 1/2 Oz Gold Coins 0 0 0 3,000 2,000 48,000
$10 American Eagle 1/4 Oz Gold Coins 0 4,000 2,000 10,000 10,000 96,000
$5 American Eagle 1/10 Oz Gold Coins 5,000 15,000 20,000 70,000 45,000 550,000
$50 American Buffalo 1 Oz Gold Coins 500 3,5000 1,500 14,500 9,500 122,000
$1 American Eagle 1 Oz Silver Coins 25,000 500,000 150,000 2,837,500 1,345,000 27,595,500
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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