Gold Little Changed, Silver Logs New 1-Month High

by CoinNews.net on March 28, 2017 · 0 comments

2 Silver Bullion Bars

Silver futures posted a fresh, about 1-month high

Most precious metals futures declined Tuesday. Gold was among them, though little changed overall. Silver was the exception, logging another close at its best level in about a month.

Gold for April delivery shed a dime to settle at $1,255.60 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold prices ended a choppy, two-sided trading session slightly lower Tuesday. A solid rebound in the U.S. stock market from its recent slide helped to pressure the safe-haven metal today," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "A higher U.S. dollar index on this day was also a negative for the precious metals. Gold prices also saw a bit of profit taking from recent gains that pushed prices to a four-week high Monday."

Gold futures ranged from a low of $1,249 to a high of $1,258.40. On Monday, they closed at their highest point since Feb. 27.

Ending higher for a fourth session in a row, silver for May delivery tacked on 14.4 cents, or 0.8%, to $18.252 an ounce. The settlement is the strongest since March 1 when prices closed at $18.489 an ounce. Silver futures traded between $18.02 and $18.26. They jumped 2% in the previous session.

In rounding out precious metals action:

  • April platinum declined $11.60, or 1.2%, to $957.40 an ounce, ranging from $949.30 to $971.20.

  • Palladium for June delivery lost $1.85, or 0.2%, to $792.60 an ounce, trading between $785.05 and $797.95.

London Precious Metals Prices

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

  • Gold dipped 30 cents to $1,257.25 an ounce.
  • Silver was unchanged at $17.94 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 3:48 p.m. ET. 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 Feb Sales Mar Sales 2017 Sales
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 20,000
$50 American Eagle 1 Oz Gold Coin 0 8,500 1,000 21,000 15,500 123,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 5,000 1,000 25,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 4,000 2,000 42,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 0 30,000 35,000 190,000
$50 American Buffalo 1 Oz Gold Coin 0 4,000 0 15,000 7,000 54,000
$1 American Eagle 1 Oz Silver Coin 0 795,000 25,000 1,215,000 1,320,000 7,662,500
2017 Effigy Mounds 5 Oz Silver Coin 0 0 200 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 0
2016 Theodore Roosevelt 5 Oz Silver Coin*
2016 Fort Moultrie 5 Oz Silver Coin 0 0 0 0 0 0

 

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