Gold Logs First Loss in Six Sessions

by CoinNews.net on February 9, 2017 · 0 comments

Three 250g fine gold bars

Most precious metals futures gained Thursday. Gold was the exception, sliding 0.2%.

Gold futures declined on Thursday for the first time in six sessions and from an almost three-month high.

Gold for April delivery shed $2.70, or 0.2%, to settle at $1,236.80 an ounce on the Comex division of the New York Mercantile Exchange.

"As investors poured profits into gold, prices rose, and today Trump’s comments on an imminent tax announcement boosted stocks, causing gold to take a breather as metals investors are likely booking profits on the recent 10% move off the December bottom," MarketWatch quoted Adam Koos, president of Libertas Wealth Management Group.

Gold futures ranged from a low of $1,231.70 to a high of $1,246.20. In the previous session, prices settled at their best level since Nov. 10.

Gaining for the fourth time in five sessions and ending less than 2 cents from its own three-month high, silver for March delivery rose 3.6 cents, or 0.2%, to $17.741 an ounce. Silver futures traded between $17.62 and $17.85.

Rounding out metals trading:

  • April platinum added $2.80, or 0.3%, to $1,022.20 an ounce, ranging from $1,016.20 to $1,032.10.

  • Palladium for March delivery climbed $2.80, or 0.4%, to $772.55 an ounce, trading between $768 and $778.80.

London Precious Metals Prices

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

  • Gold declined $5.30, or 0.4%, to $1,236.80 an ounce.
  • Silver fell 2.5 cents, or 0.1%, to $17.715 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

U.S. Mint bullion sales were unchanged as of 3:34 p.m. ET. This article will be updated if new figures become available by the end of the day.

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 Jan Sales Feb Sales 2017 Sales
$100 American Eagle 1 Oz Platinum Coin 0 0 0 20,000 0 20,000
$50 American Eagle 1 Oz Gold Coin 0 8,000 10,000 86,500 11,500 98,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 4,000 19,000 4,000 23,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 36,000 0 36,000
$5 American Eagle 1/10 Oz Gold Coin 0 10,000 5,000 125,000 10,000 135,000
$50 American Buffalo 1 Oz Gold Coin 0 4,000 4,000 32,000 6,500 38,500
$1 American Eagle 1 Oz Silver Coin 0 230,000 250,000 5,127,500 250,000 5,377,500
2017 Effigy Mounds 5 Oz Silver Coin 0 17,700 100 17,700 17,700
2016 Shawnee 5 Oz Silver Coins*
2016 Cumberland Gap 5 Oz Silver Coin*
2016 Harpers Ferry 5 Oz Silver Coin 0 0 0 100 0 0
2016 Theodore Roosevelt 5 Oz Silver Coin* 800
2016 Fort Moultrie 5 Oz Silver Coin 0 0 0 0 0 0

 

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