Gold Near Unchanged, Silver Adds 0.4%

by CoinNews.net on February 14, 2017 · 0 comments

Three gold bars, five $1s and graphs

Precious metals futures mostly gained Tuesday. Gold was the exception, barely.

Gold futures were nearly flat Tuesday, just down enough to extend their losing streak to four sessions in a row after having climbed for five straight.

Gold for April delivery dipped 40 cents, or less than 0.1%, to settle at $1,225.40 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold prices were ending the U.S. session slightly down Tuesday, pressured by a stronger U.S. dollar index that was supported by hawkish comments from Federal Reserve Chair Janet Yellen," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report.

Gold futures ranged from a low of $1,222.70 to a high of $1,236. They shed 0.8% in starting the new trading week on Monday.

Ending higher for the third time in four sessions, silver for March delivery added 6.8 cents, or 0.4%, to $17.889 an ounce. Silver futures traded between $17.73 and $18.09. They slipped 0.6% on Monday. On Friday, they ended at their highest level since Nov. 10.

In rounding out precious metals futures:

  • April platinum gained $1.90, or 0.2%, to $1,002.20 an ounce, ranging from $998.70 to $1,011.90.

  • Palladium for March delivery settled up $5.95, or 0.8%, to $780.90 an ounce, trading between $773.65 and $784.90.

London Precious Metals Prices

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

  • Gold rose $8.50, or 0.7%, to $1,230.75 an ounce.
  • Silver fell 6.5 cents, or 0.4%, to $17.905 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 logged increases of 5,000 ounces in gold coins and 210,000 ounces in silver coins.

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)
Tuesday 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 2,000 10,000 4,000 86,500 15,500 102,000
$25 American Eagle 1/2 Oz Gold Coin 0 4,000 0 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 5,000 5,000 5,000 125,000 15,000 140,000
$50 American Buffalo 1 Oz Gold Coin 2,500 5,000 4,000 32,000 11,500 43,500
$1 American Eagle 1 Oz Silver Coin 210,000 250,000 285,000 5,127,500 535,000 5,662,500
2017 Effigy Mounds 5 Oz Silver Coin 0 17,700 0 100 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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