Gold Ends at 1-Month High, Silver Tops $18

by CoinNews.net on March 27, 2017 · 0 comments

Bullion bars and gold coins

Most precious metals futures advanced Monday, including gold, silver and platinum

Gold and silver futures moved strong out of the gate in their start to the new trading week on Monday with closes at or near 1-month highs.

Gold for April delivery settled up $7.20, or 0.6%, to $1,255.70 an ounce on the Comex division of the New York Mercantile Exchange. The finish is the highest since Feb. 27 when prices tapped in at $1,258.80 an ounce.

"Gold is benefiting from the GOP health-care reform failure and subsequent greenback weakness," MarketWatch quoted Accendo Markets analysts Mike van Dulken and Henry Croft.

Gold futures ranged from a low of $1,245.50 to a high of $1,261. They climbed 1.5% last week.

Ending higher for a third straight session, silver for May delivery advanced 36 cents, or 2%, to $18.108 an ounce. The settlement is the strongest since March 1 when prices closed at $18.489 an ounce. Silver futures traded between $17.78 and $18.15. They gained 1.9% last week.

In other precious metals futures on Monday:

  • April platinum added $1.10, or 0.1%, to $969 an ounce, ranging from $964.40 to $984.50.

  • Palladium for June delivery tumbled $18.90, or 2.3%, to $794.45 an ounce, trading between $793.55 and $812.65.

Last week, the pair of PGM metals registered respective increases of 0.5% and 4.8%.

London Precious Metals Prices

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

  • Gold rose $10.05, or 0.8%, to $1,257.55 an ounce.
  • Silver added 31 cents, or 1.8%, to $17.94 an ounce.

LBMA platinum and palladium prices are available on the LBMA’s website with a delay of midnight.

London metal prices last week moved up by 1.5% for gold, 1.3% for silver, 0.4% for platinum and 4.9% for palladium.

US Mint Bullion Coin Sales in 2017

U.S. Mint bullion sales advanced on Monday by 1,000 ounces in gold coins and 26,000 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)
Monday Sales Last Week Feb Sales Mar Sales 2017 Sales
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 20,000
$50 American Eagle 1 Oz Gold Coin 1,000 8,500 21,000 15,500 123,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 5,000 1,000 25,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 4,000 2,000 42,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 30,000 35,000 190,000
$50 American Buffalo 1 Oz Gold Coin 0 4,000 15,000 7,000 54,000
$1 American Eagle 1 Oz Silver Coin 25,000 795,000 1,215,000 1,320,000 7,662,500
2017 Effigy Mounds 5 Oz Silver Coin 200 0 19,500 200 19,700
2016 Shawnee 5 Oz Silver Coins*
2016 Cumberland Gap 5 Oz Silver Coin*
2016 Harpers Ferry 5 Oz Silver Coin 0 0 0 0 0
2016 Theodore Roosevelt 5 Oz Silver Coin*
2016 Fort Moultrie 5 Oz Silver Coin 0 0 0 0 0

 

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