Gold, Silver Mark Sixth Gains in Seven Sessions

by CoinNews.net on July 18, 2017 · 0 comments

Gold Bullion and US Money

Precious metals futures ended mixed Tuesday

Gold and silver futures moved ahead on Tuesday for their sixth set of gains in seven sessions. Both closed near a three-week high.

Gold for August delivery advanced $8.20, or 0.7%, to settle at $1,241.90 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the strongest since June 30.

"A solidly lower U.S. dollar index that hit a 10-month low is supporting the precious metals markets," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "A major defeat for U.S. President Trump on health care reform also helped out the safe-haven gold market today."

Gold futures ranged from a low of $1,232.20 to a high of $1,243.90. They climbed 0.5% in their star to the week on Monday.

Silver for September delivery moved up 16.9 cents, or 1.1%, to settle at $16.268 an ounce. The close is also the strongest since June 30. Silver futures traded between $16.06 and $16.31. They advanced 1% on Monday.

In other metals futures prices on Tuesday:

  • October platinum was unchanged at $930.30 an ounce, ranging from $924.80 to $934.40.

  • Palladium for September declined $1.15, or 0.1%, to $864.40 an ounce, trading between $860.30 and $868.30.

London Precious Metals Prices

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

  • Gold rose $6.65, or 0.5%, to 1,240.70 an ounce.
  • Silver gained a dime, or 0.6%, to $16.17 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 registered increases of 2,000 ounces in gold coins and 375,000 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)
Tuesday Last Week This Week June July YTD
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 20,000
$50 American Eagle 1 Oz Gold Coin 1,000 5,500 3,000 4,000 10,000 151,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 0 0 0 27,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 0 4,000 52,000
$5 American Eagle 1/10 Oz Gold Coin 5,000 10,000 5,000 20,000 30,000 290,000
$50 American Buffalo 1 Oz Gold Coin 500 1,500 500 2,000 3,000 69,000
$1 American Eagle 1 Oz Silver Coin 375,000 970,000 585,000 986,000 1,875,000 14,108,500
2017 Effigy Mounds 5 Oz Silver Coin 0 0 0 8,800 0 35,000
2017 Frederick Douglass 5 Oz Silver Coin 0 0 0 0 0 20,000
2017 Ozark Riverways 5 Oz Silver Coin 0 0 0 20,000 0 20,000

 

{ 0 comments… add one now }

Leave a Comment