Gold Ends at New Two-Week High

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

Bullion Gold Bars, Three

Gold futures advanced by 0.6%

Precious metals futures were mixed Wednesday with gold and silver higher and platinum and palladium lower. Gold ended at a more than two-week high.

Gold for December delivery gained $7, or 0.6%, to settle at $1,269.90 an ounce on the Comex division of the New York Mercantile Exchange. The close is the highest since Oct. 3.

"We’ve seen a little reprieve from concerns about higher interest rates," Bloomberg News quoted David Meger, the director of metals trading at High Ridge Futures in Chicago. "We’re seeing a little bit of a rebound as the dollar now sells off."

Gold futures ranged from a low of $1,261.10 to a high of $1,274.40. They rose 0.5% in the previous session and edged up less than 0.1% on Monday.

Higher for a third day in a row after falling for four straight, silver for December added 2.5 cents, or 0.1%, to $17.663 an ounce. Silver futures traded between $17.57 and $17.79. They are 1.3% higher so far this week.

In PGM futures on Wednesday:

  • January platinum shed $3, or 0.3%, to $943.50 an ounce, ranging from $940.10 and $952.70.

  • Palladium for December delivery lost $3.90, or 0.6%, to $635.50 an ounce, trading between $634.70 and $645.50.

London Precious Metals Prices

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

  • Gold added $10.85, or 0.9%, to $1,269.05 an ounce.
  • Silver rose 4 cents, or 0.2%, to $17.69 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 1,500 ounces in American Buffalo gold coins and 150,000 ounces in American Silver Eagles.

Below is a sales breakdown of U.S. Mint bullion coins 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)
Wednesday 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 0 15,500 16,000 79,000 73,500 638,500
$25 American Eagle 1/2 Oz Gold Coins 0 3,000 2,000 5,000 6,000 62,000
$10 American Eagle 1/4 Oz Gold Coins 0 2,000 2,000 16,000 10,000 126,000
$5 American Eagle 1/10 Oz Gold Coins 0 25,000 10,000 85,000 50,000 750,000
$50 American Buffalo 1 Oz Gold Coins 1,500 4,000 8,500 17,500 20,500 169,500
$1 American Eagle 1 Oz Silver Coins 150,000 695,000 825,000 1,675,000 2,925,000 33,500,500
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 0 200 200 200 36,500
2016 Theodore Roosevelt 5 Oz Silver Coins 0 800 800 2,000 2,600 32,100

 

{ 0 comments… add one now }

Leave a Comment