Gold, Silver and Platinum Log First Losses in Three Sessions

by CoinNews.net on June 29, 2017 · 0 comments

100g fine gold 999.9 bar

Precious metals futures moved lower Thursday, June 29

Precious metals futures declined Thursday. Losses for gold, silver and platinum were their first in three sessions.

Gold for August delivery declined $3.30 cents, or 0.3%, to settle at $1,245.80 an ounce on the Comex division of the New York Mercantile Exchange.

"In recent days, we’ve seen a global bond selloff, including U.S. Treasurys, that has lifted [market] interest rates in a manner that’s bearish for gold," MarketWatch quoted Brien Lundin, editor of Gold Newsletter.

Gold futures ranged from a low of $1,239.70 to a high of 1,253.20. They added 0.2% on Wednesday, edged up 0.04% on Tuesday and slipped 0.8% on Monday.

Silver for September delivery — the new, most active contract — slipped 13.7 cents, or 0.8%, to settle at $16.654 an ounce. Silver futures traded between $16.61 and $16.92. They gained 0.8% in the previous session, climbed 0.1% on Tuesday, and fell 0.5% in their start to the week on Monday.

In other precious metals futures prices:

  • October platinum dipped $1.10, or 0.1%, to $923.10 an ounce, ranging from $911.60 to $928.20.

  • Palladium for September delivery fell $8.50, or 1%, to $846.10 an ounce, trading between $843.55 and $860.95. Palladium’s decline was its third straight.

London Precious Metals Prices

In comparing earlier fixed London gold and silver prices from Wednesday PM to Thursday PM:

  • Gold fell $4.50, or 0.4%, to $1,243.50 an ounce.
  • Silver rose 5 cents, or 0.3%, to $16.83 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 as of 3:53 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)
Thursday 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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