Gold Ends Near 2-Week Low, Silver Logs First Gain in Six Sessions

by CoinNews.net on August 8, 2017 · 5 comments

One Gold Bar

Precious metals futures ended mixed on Tuesday, Aug. 8

Precious metals futures ended mixed Tuesday. Gold declined slightly while silver closed higher for the first time in six sessions.

Gold for December delivery shed $2.10, or 0.2%, to settle at $1,262.60 an ounce on the Comex division of the New York Mercantile Exchange. The settlement is the weakest since July 27.

"The light selling pressure came as the outside markets turned bearish on the day in morning U.S. trading," Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. "The U.S. dollar index scored decent gains and crude oil prices were weaker. Losses were limited by some safe-haven demand that cropped up amid an uptick in U.S.-North Korea tensions."

Gold futures traded from a low $1,257.10 to a high of $1,271. They increased a dime in their start to the week on Monday.

Silver for September delivery tacked on 13.8 cents, or 0.9%, to settle at $16.389 an ounce. Silver futures ranged from $16.20 to $16.46. They dipped one-tenth of a cent on Monday.

In other precious metals prices Tuesday:

  • October platinum added $2.90, or 0.3%, to $974.50 an ounce, trading between $969.50 and $982.80.

  • Palladium for September delivery advanced $13.20, or 1.5%, to $898.40 an ounce, ranging from $883 to $899.

London Precious Metals Prices

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

  • Gold added $3.80, or 0.3%, to 1,261.80 an ounce.
  • Silver added 9 cents, or 0.6%, to $16.39 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

United States Mint bullion sales were unchanged as of 3:33 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 Last Week This Week July August YTD
$100 American Eagle 1 Oz Platinum Coin 0 0 0 0 0 20,000
$50 American Eagle 1 Oz Gold Coin 0 1,000 500 13,500 500 156,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 1,000 0 1,000 28,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 4,000 0 52,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 30,000 0 290,000
$50 American Buffalo 1 Oz Gold Coin 0 1,500 0 5,000 0 71,000
$1 American Eagle 1 Oz Silver Coin 0 50,000 110,000 2,320,000 110,000 14,663,500
2017 Effigy Mounds 5 Oz Silver Coin 0 0 0 0 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 0 0 20,000

 

{ 5 comments… read them below or add one }

Joe Brown August 9, 2017 at 1:42 am

tic.tic.tic.tic.the world has never seen.chump a booob.bank rup,c how many X’s. best finger point at all, the perfect never ben wrong ‘yet’ knuckelhead some1’s bad,ly want to go dukey.sqezz checs,real,tiet,to,long.get,super,havyduty,die.pers,for all booob’s,asap.in,*god*i*trust*coin glad i got few.givemeshelter.peace*EZdoesIT.where,do,foxpeople,come,from,they,beleave,or sold sole for $ crapass job it d its dukeyheads,shovit,up,their i O. bowdown give chump,more,incoveridgement,they’ll,sea.or,shut,pie,’O’luz,zers.

Joe Brown August 9, 2017 at 2:06 am

foogot1therazeen,shuffull,all.dumbbooobssoon,ap.

Joe Brown August 9, 2017 at 7:25 am

might be a good morning for precious metal, for it might rise* in our near* fewchore. some might get in why,ill the going is cheap $* before all monster box”s go poof. if it were i* only, my thinking* don’t want to misslead no1. just like mikey says, if u r looking to buy$ any thing & don’t know what, buy coins, precious 1*s if u can. he says u never can go wrong. i think* he some times he says some thing like that. but take my* word+* i* no dukey some-X’s happins _nagative ways not +* way.

Ladonna Stonbraker August 9, 2017 at 10:05 pm

I have a coin that looks to have a meant error,could you tell me who I need to talk to about it

Joe Brown August 11, 2017 at 12:57 am

ladonna – what typ of coin is it, what the date on coin, & where on the coin you might sea error, is onthe obverse or revese. if it,s a USA* Mint coin, it might be listed in the USA* BLUE BOOK, or go to a near by coin dealer where you live, & sea if he sea*s the error u* sea* but don’t cell it to him or her. even if they offer u* good money, aspeshally* they tell u* there is no mint error*. & if they tell you it’s a mint error get it graded* at 1 of the grading company’s, like IGC, NGC, ANECS, & PCGS, if coin is older date, just my opinion* il* Like IGC, only my opinion thow, if it’s a modern coin, say from 1960 to 2017, my opinion* mail it to NGC, any of them are fine* i* Like IGC, or NGC, for that stuff purrsonnilly* good luck*

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