Precious Metals Rise Modestly, Silver Logs First Gain in Week

by CoinNews.net on August 9, 2016 · 3 comments

100g fine gold 999.9 bar

Precious metals climbed slightly on Tuesday

Gold settled higher for the first time in three sessions Tuesday after falling to a more than one-week low in starting the week on Monday.

Gold for December delivery added $5.40, or 0.4%, to settle at $1,346.70 an ounce on the Comex division of the New York Mercantile Exchange.

"We’re seeing some modest buying interest," Bloomberg News quoted Tai Wong, director of commodity products trading at BMO Capital Markets in New York. "The dollar seems to be on a cagey retreat today which keeps sellers cautious."

Gold futures ranged from a low of $1,336 to a high of $1,348.50. On Monday, they ended at their lowest level since July 28.

Rebounding from a two-week low and closing higher for the first time in a week, silver for September delivery rose 4.5 cents, or 0.2%, to $19.85 an ounce. Silver futures traded between $19.60 and $19.90.

Rounding out metals trading:

  • October platinum gained $4.50, or 0.4%, to $1,159.90 an ounce, ranging from $1,145.90 to $1,164.

  • Palladium for September delivery edged up $1.05, or 0.2%, to $694.35 an ounce, trading between $686.50 and $697.60.

London Precious Metals Prices

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

  • Gold rose $4.20, or 0.3%, to $1,341 an ounce.
  • Silver added 4 cents, or 0.2, to $19.70 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 Tuesday as of 3:40 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. Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Tuesday Sales Last Week This Week July Sales Aug Sales 2016 Sales
$100 American Eagle 1 Oz Platinum Coins 0 0 0 19,000 0 19,000
$50 American Eagle 1 Oz Gold Coins 0 5,000 10,000 30,000 15,000 451,000
$25 American Eagle 1/2 Oz Gold Coins 0 0 0 2,000 0 48,000
$10 American Eagle 1/4 Oz Gold Coins 0 0 0 10,000 0 96,000
$5 American Eagle 1/10 Oz Gold Coins 0 5,000 15,000 50,000 20,000 575,000
$50 American Buffalo 1 Oz Gold Coins 0 0 1,500 10,000 1,500 124,000
$1 American Eagle 1 Oz Silver Coins 0 75,000 150,000 1,370,000 225,000 27,845,500
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 0 0 34,200

 

{ 3 comments… read them below or add one }

Seth Riesling August 9, 2016 at 4:09 pm

What is up with the lack of interest in the HF 5-oz silver bullion version 25-cent ATB coin? The U.S. Mint’s official 13 worldwide bullion coin Authorized Purchasers have not purchased a single HF coin in almost 2 months! Very strange for sure.
I just saw a pre-sale for the Theodore Roosevelt 5-oz silver bullion version puck for $117 plus $2.99 S&H from a very reputable PNG-member dealer in NH.
Maybe the APs are waiting for the new coin to be issued on August 29.

-NumisDudeTX

Seth Riesling August 10, 2016 at 12:33 am

Precious metals are up big time this morning – especially the PGMs palladium & platinum. Will be interesting to see which bullion coins the Mint’s 13 worldwide bullion coin APs purchase today Wednesday, August 10.

-NumisDudeTX

Dave August 10, 2016 at 2:07 pm

Provident Metals has T Roosevelt pucks presale for 113.45 & free shipping

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