Gold, Silver Prices Rise Modestly

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

999.9 Fine Gold Bar

Precious metals were mixed Tuesday, June 27

Precious metals futures closed Tuesday in opposite directions from the previous day — gold, silver and platinum climbed while palladium fell. Gold’s gain was its fourth in five sessions.

Gold for August delivery edged up 50 cents, or 0.04%, to finish at $1,246.90 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold appears to be setting into a $1,240 to $1,260 trading range — more or less between its 50- and 200-day averages," MarketWatch quoted Colin Cieszynski, chief market strategist at CMC Markets. "It’s underlying bullish trend remains intact."

Gold futures ranged from a low of $1,241.80 to a high of 1,253.80. They slipped 0.8% on Monday.

Elsewhere, silver for July delivery added 1.6 cents, or 0.1%, to settle at $16.588 an ounce. Silver futures traded between $16.49 and $16.67. They declined 0.5% in their start to the week on Monday.

In other precious futures prices on Tuesday:

  • July platinum gained $2.10, or 0.2%, to $918.70 an ounce, ranging from $915.80 to $924.40.

  • Palladium for September delivery declined $5.60, or 0.7%, to $858.35 an ounce, trading between $857.15 and $867.20.

London Precious Metals Prices

In comparing earlier fixed London gold and silver prices from Monday PM to Tuesday PM:

  • Gold rose $4.30, or 0.4%, to $1,249.55 an ounce.
  • Silver gained 13 cents, or 0.8%, to $16.66 an ounce.

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

US Mint Bullion Sales in 2017

U.S. Mint bullion sales were unchanged. 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 Last Week This Week May June YTD
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 20,000
$50 American Eagle 1 Oz Gold Coin 0 2,000 500 10,000 3,500 140,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 2,000 0 27,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 2,000 0 48,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 10,000 30,000 20,000 260,000
$50 American Buffalo 1 Oz Gold Coin 0 0 500 5,000 1,500 65,500
$1 American Eagle 1 Oz Silver Coin 0 272,000 205,000 2,455,000 911,000 12,158,500
2017 Effigy Mounds 5 Oz Silver Coin 0 6,300 0 5,600 8,800 35,000
2017 Frederick Douglass 5 Oz Silver Coin 0 0 0 2,400 0 20,000
2017 Ozark Riverways 5 Oz Silver Coin 0 0 0 N/A/ 20,000 20,000

 

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