Gold Falls For Third Day; US Mint Gold Coin Sales Rise

by CoinNews.net on January 26, 2017 · 0 comments

9999 Gold Bars and 22-karat American Gold Eagle Bullion Coins

Most precious metals futures declined Thursday

Gold futures traded lower for a third straight session Thursday, closing at a more than 2-week low as the U.S. dollar gained.

Gold for February delivery shed $8, or 0.7%, to settle at $1,189.80 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the weakest since Jan. 10.

"Gold has been trading as one of the several moving parts in the ‘Trump-Trade’ since the election," MarketWatch quoted Tyler Richey, co-editor of The 7:00’s Report. "The broader trends have been a decline in bonds, rally in the dollar, and new highs in stocks; all of which are bearish influences for gold."

Gold futures ranged from a low of $1,183.90 to a high of $1,202.30. They dropped 1.1% on Wednesday, slipped 0.4% on Tuesday and gained 0.9% on Monday, when they finished at their highest level since Nov. 17.

Meanwhile, silver for March delivery declined 13 cents, or 0.8%, to settle at $16.85 an ounce. Silver futures traded between $16.68 and $17.05. In the previous two sessions, they registered losses of 1.2% and less than 0.1%. They climbed 0.9% on Monday.

In other precious metals Thursday:

  • April platinum ended flat at $981.70 an ounce, ranging from $969.90 to $991.

  • Palladium for March delivery dropped $11.65, or 1.6%, to $724.45 an ounce, trading between $713.75 and $744.50. The precious metals is down 8.1% on the week.

London Precious Metals Prices

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

  • Gold fell $5.30, or 0.4%, to $1,189.70 an ounce.
  • Silver lost 7 cents, or 0.4%, to $16.86 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 2017

United States Mint bullion sales logged gains of 2,000 ounces in American Gold Eagles and 1,000 ounces in American Gold Buffalos.

Below is a sales breakdown of U.S. bullion products with columns listing the number of 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 Dec Sales Jan Sales
$100 American Eagle 1 Oz Platinum Coin 0 20,000 20,000
$50 American Eagle 1 Oz Gold Coin 1,000 14,500 5,000 23,000 75,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 3,000 18,000
$10 American Eagle 1/4 Oz Gold Coin 2,000 4,000 2,000 2,000 36,000
$5 American Eagle 1/10 Oz Gold Coin 5,000 10,000 20,000 40,000 115,000
$50 American Buffalo 1 Oz Gold Coin 1,000 2,000 2,500 12,500 29,000
$1 American Eagle 1 Oz Silver Coin 0 825,000 325,000 240,000 4,897,500
2016 Shawnee 5 Oz Silver Coins*
2016 Cumberland Gap 5 Oz Silver Coin*
2016 Harpers Ferry 5 Oz Silver Coin 0 0   100 0
2016 Theodore Roosevelt 5 Oz Silver Coin*   800
2016 Fort Moultrie 5 Oz Silver Coin 0 0   0 0

 

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