Gold Slips 0.8%; Silver Posts First Loss in 6 Sessions

by CoinNews.net on August 15, 2017 · 2 comments

closeup of gold bullion

Precious metals futures registered declines ranging from 0.7% for palladium to 2.4% for silver

Precious metals futures declined Tuesday, led by silver which sank 2.4% and marked its first loss in six sessions.

Gold for December delivery lost $10.70, or 0.8%, to settle at $1,279.70 an ounce on the Comex division of the New York Mercantile Exchange.

"Safe haven flows into the yen and gold has fallen a little bit because of improved risk appetite in the market," Reuters quoted OCBC analyst Barnabas Gan. "Some risk aversion is taken off the table simply because some concerns of the North Korean attack has eased."

Gold futures traded from a low of $1,272.70 to a high of $1,287.70. They declined 0.3% in their start to the week on Monday.

Silver for September delivery tumbled 40.8 cents to $16.714 an ounce. Silver futures ranged from $16.58 to $17.07. They gained 0.3% in the previous session to settle at their best level since June 14.

In rounding out precious metals dealings:

  • October platinum fell $7.50, or 0.8%, to $967.40 an ounce, trading between $954.70 and $973.

  • Palladium for September delivery lost $6.10, or 0.7%, to $892.05 an ounce, ranging from $878.85 to $898.

London Precious Metals Prices

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

  • Gold declined $12, or 0.9%, to 1,270.30 an ounce.
  • Silver fell 8 cents, or 0.5%, to $16.89 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 3:01 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 4,500 0 13,500 4,500 160,000
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 0 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 2,000 0 6,000 2,000 74,000
$1 American Eagle 1 Oz Silver Coin 0 110,000 125,000 2,320,000 235,000 14,788,500
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

 

{ 2 comments… read them below or add one }

Joe Brown August 16, 2017 at 1:19 am

every 1*+ is watching 2 what – he – will doo. russia not going anywhere,no matter what,comes,out,mouth,2 disstark,us*, no matter how hard he try,s . tic.tic.

Joe Brown August 16, 2017 at 1:19 am

every 1*+ is watching 2 what – he – will doo. russia not going anywhere,no matter what,comes,out,mouth,2 disstark,us*, no matter how hard he try,s . tic.tic.

Leave a Comment