Gold, Silver End at 3-1/2-Month Highs

by CoinNews.net on February 23, 2017 · 0 comments

US Dollars and Gold Bullion Bars

Precious metals futures registered gains ranging from 0.6% for palladium to 1.5% for gold

Gold and silver futures snapped a three-session losing streak Thursday, with each scoring their best close in 3-1/2 months as the U.S. dollar weakened and safe-haven demand climbed.

Gold for April delivery tacked on $18.10, or 1.5%, to settle at $1,251.40 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the highest since Nov. 10 when prices ended at $1,266.40 an ounce.

"The dollar’s backed off, bond yields have backed off, and that’s given a bit of support for gold," Reuters quoted Robin Bhar at Societe Generale.

Gold futures ranged from a low of $1,236.40 to a high of $1,252.20. They are 1% higher so far this week.

Elsewhere, silver for March delivery advanced 16.7 cents, or 0.9%, to $18.117 an ounce. Like for gold, the settlement is the highest since Nov. 10. Silver futures traded between $17.92 and $18.21. They are 0.5% higher on the week.

In rounding out precious metals dealings:

  • April platinum added $9.20, or 0.9%, to $1,011.90 an ounce, ranging from $997.40 to $1,020.60.

  • Palladium for March delivery added $4.25, or 0.6%, to $773.30 an ounce, trading between $762.10 and $780.

London Precious Metals Prices

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

  • Gold rose $11.25, or 0.9%, to $1,247.90 an ounce.
  • Silver was unchanged $18.00 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 3:41 p.m. ET. This article will be updated if new figures become available by the end of the day.

Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Thursday Sales Last Week Tuesday Sales 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 5,000 3,000 86,500 19,500 106,000
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 0 19,000 5,000 24,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 0 36,000 2,000 38,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 0 125,000 15,000 140,000
$50 American Buffalo 1 Oz Gold Coin 0 4,500 2,500 32,000 14,500 46,500
$1 American Eagle 1 Oz Silver Coin 0 360,000 155,000 5,127,500 765,000 5,892,500
2017 Effigy Mounds 5 Oz Silver Coin 0 1,000 600 0 19,300 19,300
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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