Gold Edges 0.3% Higher; US Mint Gold Coins Rise

by CoinNews.net on October 13, 2016 · 0 comments

Gold bar, gold coins

Precious metals futures were mixed on Thursday with gold higher and the others lower

Gold futures edged higher Thursday, following two days of modest declines, as the U.S. dollar weakened.

Gold for December delivery added $3.80, or 0.3%, to settle at $1,257.60 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold prices are having difficulty moving higher, but are also reluctant to move lower. They are looking for a new driver," Reutrers quoted ABN AMRO commodity strategist Georgette Boele.

Gold futures ranged from a low of $1,254.70 to a high of $1,263.90. They slipped 0.2% on Wednesday, dipped 0.4% on Tuesday and climbed 0.7% on Monday.

Lower for a third day in row, silver for December shed 4.7 cents, or 0.3%, to settle at $17.458 an ounce. Silver futures traded between $17.43 and $17.71. On the week so far, they are still about 0.5% higher.

In other precious metals trading:

  • January platinum declined $9, or 1%, to $932.90 an ounce, ranging from $932.10 to $952.

  • Palladium for December delivery fell $12.25, or 1.9%, to $636.85 an ounce, trading between $635 and $649.75.

London Precious Metals Prices

In comparing earlier fixed London bullion prices from Wednesday PM to Thursday PM:

  • Gold rose $4.55, or 0.4%, to $1,261.05 an ounce.
  • Silver added 15 cents, or 0.9%, to $17.59 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 products registered gains of 2,500 ounces in America Gold Eagles and 500 ounces in American Gold Buffalo coins.

Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of bullion coins sold during varying periods Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Thursday Sales Last Week This Week Sept Sales Oct Sales 2016 Sales
$100 American Eagle 1 Oz Platinum Coins* 20,000
$50 American Eagle 1 Oz Gold Coins 2,000 42,000 11,000 79,000 53,000 618,000
$25 American Eagle 1/2 Oz Gold Coins 0 1,000 2,000 5,000 3,000 59,000
$10 American Eagle 1/4 Oz Gold Coins 0 6,000 2,000 16,000 8,000 124,000
$5 American Eagle 1/10 Oz Gold Coins 5,000 15,000 15,000 85,000 30,000 730,000
$50 American Buffalo 1 Oz Gold Coins 500 8,000 3,000 17,500 11,000 160,000
$1 American Eagle 1 Oz Silver Coins 0 1,405,000 545,000 1,675,000 1,950,000 32,525,500
2016 Shawnee 5 Oz Silver Coins* 105,000
2016 Cumberland Gap 5 Oz Silver Coins* 75,000
2016 Harpers Ferry 5 Oz Silver Coins 0 0 0 200 0 36,300
2016 Theodore Roosevelt 5 Oz Silver Coins 0 1,000 800 2,000 1,800 31,300

 

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